Rams Leeching off the NFL

ATL96Steeler · May 23, 2020

wazzu31 said:
This is the problem with politics when it comes to professional sports. Politicians want the millions and sometimes billions in revenue they generate for the city but they hate putting up any money because “public money” has become a bad word.

No doubt...and rightfully so.

The new model seems to disguise the public money in a travel/tourism dress with a hotel/airport car rental surtax. At the end of the day the owner should be financially invested (significantly) in any new stadium and I don't think Davis approached OAK in that manner.

eaglesnut · May 23, 2020

Yeah the Rams are pathetic in many ways.

They have the best short Dlineman and can't even win.

Battlelyon · May 23, 2020

eaglesnut said:
Yeah the Rams are pathetic in many ways.

They have the best short Dlineman and can't even win.

wazzu31 · May 23, 2020

ATL96Steeler said:
No doubt...and rightfully so.

The new model seems to disguise the public money in a travel/tourism dress with a hotel/airport car rental surtax. At the end of the day the owner should be financially invested (significantly) in any new stadium and I don't think Davis approached OAK in that manner.

I get what you are saying, but it is ten times better financially for a city to join in a partnership where they end up owning the facility and can receive the tax revenue for non sporting events. The City of Seattle allowed the enter Seattle Center to die because they refused to put money into buildomg an arena for the Sonics. Yet, they put money into the Sodo Section of Seattle for the football and baseball stadiums and that zone has become the number 1 destination for bars, clubs and music venues. The Seahawks and Mariners don’t get the revenue for the A list musical acts that go into the stadium. The highest grossing event in either stadium since they were built was a WWE Wrestlemania that the city received revenue, not the Seahawks or Mariners. I get it looks bad on paper saying public money into stuff, but IMO it is better to put up a bond then eventually get free revenue for your city so you get essentially free money so you don’t need a tax raise.

The Oldtimer · May 23, 2020

Schmoopy1000 said:
The NFL owners agreed to lend the Rams another $500 million for SoFi Stadium.
Same. Rams owner Stan Kroenke has been pushed to the limit by his monstrous development in Los Angeles. His request for $500 million in additional stadium financing was granted, but it's unclear if the "doubling of the amount of time typically required to pay the money back" was also passed. The COVID-19 pandemic was horrendous timing for Kroenke, although it's hard to feel too bad for someone reportedly worth $10 billion. The Rams' financial issues have even spilled over to football operations as they have been late on payments to a couple of players, including Todd Gurley. This sizable loan should get them through any short-term issues. They will, however, need Angelenos to fill the stadium when it's opened to the public.

Will the NFL get paid back?

Schmoopy1000 · May 23, 2020

The Oldtimer said:
Will the NFL get paid back?

The Oldtimer · May 24, 2020

Schmoopy1000 said:

The 2022 Super Bowl will be play there, will the NFL get their fair share of the revenue?

Schmoopy1000 · May 24, 2020

The Oldtimer said:
The 2022 Super Bowl will be play there, will the NFL get their fair share of the revenue?

you got to think of the NFL is like the Mafia.
They will get paid one way or another LOL

ATL96Steeler · May 24, 2020

wazzu31 said:
I get what you are saying, but it is ten times better financially for a city to join in a partnership where they end up owning the facility and can receive the tax revenue for non sporting events.

Agree on the partnership.

Especially for multi-purpose venues that can generate revenue aside from the main tenant (NFL team let's say).

Rams Leeching off the NFL

ATL96Steeler

Well-Known Member

eaglesnut

Well-Known Member

Battlelyon

2021 Super Bowl Champions Rams

wazzu31

Never go full Husky

The Oldtimer

Older than dirt!!

Schmoopy1000

When all else fails, Smack em' in the Mouth!

The Oldtimer

Older than dirt!!

Schmoopy1000

When all else fails, Smack em' in the Mouth!

ATL96Steeler

Well-Known Member

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