Rooney brothers reject Druckenmiller's bid

rich_one · #1 09-19-2008

cowboys_junkie · #2 09-19-2008

I wouldn't be suprised to see Mr. Druckenmiller die in a fiery car explosion set off by simply turning the ingnition.

rich_one · #3 09-19-2008

Quote:

Originally Posted by cowboys_junkie

I wouldn't be suprised to see Mr. Druckenmiller die in a fiery car explosion set off by simply turning the ingnition.

funny guy, you are...

eoeleven · #4 09-19-2008

Quote:

Originally Posted by rich_one

Rooney brothers reject Druckenmiller's bid

help me with the math

each brother owns 16% right

and the estrainged cousin owns 20%

so if John went ahead and sold to his brother (as I understand he tried to get all the brothers to do)

Dan would then own 32%

so Dan really just needs to convince the remaining 3 brothers to each sell him 6% and he is 50% owner right, which meets the NFL rule for someone has to own at least 40. (is it 40 or 60)

then the brothers can find a buyer for the remaining 30%

cowboys_junkie · #5 09-19-2008

Profootball talk, reported the number required of at least one owner be 30%.

rich_one · #6 09-19-2008

Quote:

Originally Posted by eoeleven

help me with the math

each brother owns 16% right

and the estrainged cousin owns 20%

so if John went ahead and sold to his brother (as I understand he tried to get all the brothers to do)

Dan would then own 32%

so Dan really just needs to convince the remaining 3 brothers to each sell him 6% and he is 50% owner right, which meets the NFL rule for someone has to own at least 40. (is it 40 or 60)

then the brothers can find a buyer for the remaining 30%

I think the brothers simply want more money. but that said... reality may be setting in, regarding the apparent liklihood that they will need to deal with Dan in order for this to get done... not sure yet though... but this has to come to a close, because Goodell can only allow this to go on for so long, before other owners start saying, okay Rooneys... with all due respect, you have been in violation for over two years now... how hard is it to sell your small market team, dammit!

cowboys_junkie · #7 09-19-2008

Since they have a new stadium, I don't think being in a small market matters. Most of those ticket sales are going to go to corporations anyway, and with the way TV is these days and with regard to how popular the Steelers are accross the country I don't think they should be worth any less than any other team in any other city with a comprable stadium.
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The TV revenue alone makes it worth it.

Stealersrule · #8 09-19-2008

The post gazette reported that Drunkenmillers bid was for 550 million, which is a low ball offer. If the team is worth 1 bilion, and he is trying to buy 64%, then it should be a 640 million dollar bid

rich_one · #9 09-19-2008

Quote:

Originally Posted by cowboys_junkie

Since they have a new stadium, I don't think being in a small market matters. Most of those ticket sales are going to go to corporations anyway, and with the way TV is these days and with regard to how popular the Steelers are accross the country I don't think they should be worth any less than any other team in any other city with a comprable stadium.
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The TV revenue alone makes it worth it.

while teams love to use the new stadium argument as to staying competitive in the NFL... it is not the end all/be all. TV market size is important, particularly to the team being able to get endorsement deals, like the Cowboys, for instance. Also, not being in debt plays a big role as well. while the salary cap does help keep the competitive balance, due to these types of things... which, in some ways, gives teams the ability to circumvent the salary cap to an extent... this is why even now, some small market teams struggle to keep players they draft, that become stars (the steelers do not struggle with that now... but I suspect that would change, if the salary cap went away).

signing bonuses are the main influence on that. due to the cap, teams can always compete from the standpoint of overall value of the contract... so long as they have the cap space. the issue seems to come from up front/guaranteed money. I am no economist, so I really do not know the complete workings of this, but I do know that somehow, a teams ability to not only generate stadium revenue, but get the big endorsement deals, such as the cowboys and redskins can get, seems to play a role in their ability to outbid teams for free agents, in terms of signing bonus/upfront/guaranteed money vs. total dollars in contract. so in that way, this is where small market comes into play.

I think one example of this you will see is when the Cowboys sell the naming rights to their new stadium. I think the steelers long term deal with Heinz was only for something like $57 million... or something like that... total. in my mind, that was low, even for then, when they signed the deal. I would not be surprised if the cowboys get several hundred million for their naming rights... dwarfing anything the steelers could ever generate with that, simply due to the market size they are in. anyway... not meaning to ramble... but these are the ways the whole small market/big market thing comes into play, as well as whether or not an owner has sizable debt vs. debt free and such. of course, I am sure you probably know all of this and I may be preaching to the choir... but just saying, nonetheless.

cowboys_junkie · #10 09-19-2008

The Bengals are one of the most profittable teams in the NFL. Why? Because they spend so little on operations and free agency. It's not that they can't spend the money it's that they won't.

On another point, If the Bengals want to keep the name of their stadium Paul Brown stadium then don't ask for Jerry and the rest to share what they get for their naming rights.

There are lazy owners who aren't doing what Jerry does, and could be doing regardless of what market they are in.

We are in a global economy that and the NFL is a global sport with plenty of exposure. A compnay does not have to exsist in Buffalo to get benefits from having it's name on the Bills stadium.

The Steelers may have one of the smallest t.v. markets but they have one of the largest fan bases, and they will be sure to watch the games.

The only thing being in a big market gives you is more televisions which equal biggers tv revenues which is shared across the league anyway.