@jtlope @serenity67 @circusbass @EduOverStadiums 2/2 With referendums you would still see many areas opting to fund pro sports venues. And the franchises left without that would build into ticket, merchandise and concession pricing what the market will bear to make the venture work. Payrolls falling in line
@jtlope @serenity67 @circusbass @EduOverStadiums Also have to remember these stadiums typically host 25 - 50 large scale non-sporting events per year. Being in a brand new facility vs an outdated one can make the experience so there’s a broader benefit
@barrymc0ckner @serenity67 @circusbass @EduOverStadiums The new method for financing these stadiums which revolves around private placement financing will allow projects to pay for themselves. That is the method that is being used to help finance the Las Vegas Athletics ballpark
@jtlope @barrymc0ckner @circusbass @EduOverStadiums Even with #JohnFisher pooling his brother’s financial resources & funneling the money thru John as the primary source…he looks to still be AT LEAST $500MM short on funds he needs to build. He can’t sell off that much equity in the team w/out triggering the “flip-tax” penalty
@serenity67 @jtlope @circusbass @EduOverStadiums You’re just making things up here. The Fisher family is worth around $10B, and the combination of their capital, equity, and projected revenues for the stadium certainly qualifies them for a loan and/or makes the offering attractive for multi investor financing
@barrymc0ckner @jtlope @circusbass @EduOverStadiums According to every reliable source I’ve been able to find to date #Athletics owner #JohnFisher is still believed NOT to have secured financing for the ballpark. I believe if the financing was secured his 🤡 Kaval would be crowing about incessantly across all media outlets. #MLB🖕
@serenity67 @jtlope @circusbass @EduOverStadiums You’re confusing the fact that they haven’t DECIDED on the capital/financing allotment and partners with the ridiculous idea that they can’t shore up or qualify for funding, which is just borne out of a lack of financial literacy.
@serenity67 @jtlope @circusbass @EduOverStadiums You’re confusing the fact that they haven’t DECIDED on the capital/financing allotment and partners with the ridiculous idea that they can’t shore up or qualify for funding, which is just borne out of a lack of financial literacy.
@barrymc0ckner @jtlope @circusbass @EduOverStadiums They will have a huge revenue shortfall both during construction & for the first couple/few seasons the ballpark opens. Huge. During that time not only will #JohnFisher need to be paying debt service on the construction costs, but also team payroll, w/very depressed tix sales.
@serenity67 @jtlope @circusbass @EduOverStadiums This is true but also had been the working assumption for a handful of years as Coliseum revenues were already paltry. It sounds like they will be getting some sort of media deal over the next few years regardless of if they are in Oakland (unlikely) or Sacramento
@barrymc0ckner @jtlope @circusbass @EduOverStadiums Once the city of Oakland kicks him to the curb, #JohnFisher will lose $67MM+ in annual TV revenue he has been receiving in Oakland & that he really can’t afford to lose right now. I’m sure he can make wine from water elsewhere…god speed.
@serenity67 @jtlope @circusbass @EduOverStadiums They may retain it if they are in Sac and there was a report last week that they are negotiating a media deal for LV starting as soon as next year IIRC So they made the move assuming all media money could be at risk for the interim though that may not be the case now