Originally posted by Boltjolt
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Problems Between Chargers and Rams?
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Originally posted by MakoShark View Post
.25B up and they still owe relocation fees. The simple math says they're in the hole. And, "slated to go up" is like birds in the bush...
When they move into the new stadium their value will go up but obviously it won't go up like the Cowboys.
The team moved, time to get over it or step off!
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Originally posted by Boltjolt View Post
Wrong!...and it's slated to go up. What you wish for isn't the same as reality.
http://www.forbes.com/teams/los-ange.../#65f594ef6264
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Originally posted by jamrock View Post
Interesting link. They have the Rams going to #4 on the list. All of the teams increase in value each year. Can't really say any increase is due to moving to Los Angeles.
When Rams moved from St. Louis to LA they jumped from 28th most valuable to 4th most valuable. When Raiders announced move from Oakland to Las Vegas, they added 1.5 billion to their worth (jumping from 31st to 12th).
Again, the argument that the Chargers will add value to their brand by simply moving to LA doesn't hold water. They've actually grown less than NFL average since the move.
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The only thing that has increased substantially is their debt/value ratio... 36%. Only the Rams (86%) and Raiders (50%) are higher. But they both have revenue earning potential with new stadiums. Chargers are 31st in revenue earning... ahead of only the Raiders. But that is about to change once Raiders move into the new stadium. Unfortunately for Dean, he'll be stuck in last (revenue-wise) as a renter. He gets no revenue from the new stadium (compound) outside of what he can generate in luxury boxes (which are selling like snow cones in Alaska).
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Originally posted by Boltnut View PostThe only thing that has increased substantially is their debt/value ratio... 36%. Only the Rams (86%) and Raiders (50%) are higher. But they both have revenue earning potential with new stadiums. Chargers are 31st in revenue earning... ahead of only the Raiders. But that is about to change once Raiders move into the new stadium. Unfortunately for Dean, he'll be stuck in last (revenue-wise) as a renter. He gets no revenue from the new stadium (compound) outside of what he can generate in luxury boxes (which are selling like snow cones in Alaska).
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Originally posted by Boltnut View PostThe only thing that has increased substantially is their debt/value ratio... 36%. Only the Rams (86%) and Raiders (50%) are higher. But they both have revenue earning potential with new stadiums. Chargers are 31st in revenue earning... ahead of only the Raiders. But that is about to change once Raiders move into the new stadium. Unfortunately for Dean, he'll be stuck in last (revenue-wise) as a renter. He gets no revenue from the new stadium (compound) outside of what he can generate in luxury boxes (which are selling like snow cones in Alaska).
Fuckin brutal and the optics once the Chargers are in the new stadium are going to be pretty bad and the league will panic again and who the fuck knows what happens then.
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The Bolt organization is actually in a good financial situation in LA.
The only real obligations they have is the $650 mil in relocation fee ($65 mil a year for 10 years). Easy enough. $1 yearly rent and the PSL fees (regardless of how little it is). Lux boxes will sell in time.
Now if the Bolts can field a Championship team, or two, over the next 3-5 years. They will be a new shiny toy in the town of winners. Revenues will flow. Big IF but a much better situation than SD.
SD is a great city just not a sports city.
My 2021 Adopt-A-Bolt List
MikeDub
K9
Nasir
Tillery
Parham
Reed
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Originally posted by jamrock View Post
Critical because that was always the rationale Fabiani used to push for LA. He said the Chargers couldn't be "competitive" in San Diego without luxury box revenue and San Diego could not support luxury box revenue even with a new stadium
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Originally posted by Panamamike View Post
That and the fact they couldn't get a stadium deal done in SD....even with a plan to have visitors pay for the damn thing. SD is a great city...gorgeous...but it is a dog of a sports town. Even worse politically, and that is tough to do.
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I always felt they should have renovated the Q and made it a modern stadium. But they said that wasn't an option. Even though a stadium like Lambeau, which is older than the Q, has been successfully remodeled repeatedly and is considered one of the best venues in the NFL. Maybe Wisconsin could teach California a few things about know how and will.
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Originally posted by Velo View PostI always felt they should have renovated the Q and made it a modern stadium. But they said that wasn't an option. Even though a stadium like Lambeau, which is older than the Q, has been successfully remodeled repeatedly and is considered one of the best venues in the NFL. Maybe Wisconsin could teach California a few things about know how and will.
Of course, no one knows the real picture unless you were on the inside of negotiations between the Chargers and the City. I'm not caring anymore if there is a team in the city, it was poorly handled by all parties.
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