2023 NFL offseason thread

Imagine forking over $100 million dollars for anything and only having a 3 percent stake in anything? As successful as the NFL is and will continue to be, Harris and the Walton family might be the first owners to never recoup their investment, even in a league where the Packers net about $75m a year (it would take 80 years to net $6b at that rate.

 

With Snyder gone, it might, repeat might, be possible to build a new stadium in a more desirable location than FedEx Field. Almost anyplace in the DMV would fit that bill.

 

... except that there is almost no chance that their asset will depreciate in value. It's probably pretty hard to find a more "stable" investment the past 40 years than buying an NFL, NBA or MLB franchise. Even Loria "flipped" his roughly $50m total investment in the Expos to $120m in about 4 years time, thanks to the other owners.

 

Of course, and it isn't like Harris needs it to pencil out - but this may be the rare case of someone stepping forward and buying a team as an act of charity, rather than figuring it will take them from rich to uber-rich. Half the owners are second-generation types, so they didn't put in anything - but the other half pretty much cashed out of their previous enterprise and put it all into the franchise they bought and live off of that.

 

Are people with that much money looking to make money off their teams, or is it more an ego buy?

 

Oh it is an ego buy to be sure, a tougher club to join than the US Senate - but Jerry went all in on the Cowboys, Snyder did. I'd say at least half who bought between 1990 and 2010 did.

 

Hahahaha

 

Didn't Snyder demonstrate breast self-exams on his private jet?

 

The PR person who wrote that had to’ve cracked up 30 times in the process.

 

On the other hand, you have Michael Jordan selling his stake in the Charlotte NBA franchise. He paid $275m and sold for $3b. Good work if you can get it.