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1. phredbirdConsidering they just traded two of their best and most reasonably priced players for nothing special, I'll guess that their attendance will drop even further next year.
Paul Dolan is the son of Larry Dolan, who is the uncle of James Dolan, who owns the Knicks.
you know, you could have just said "they're cousins"
I could have, but Paul isn't the important person in this - it's Larry and James who actually own the teams.
Dark Helmet: Before you die there is something you should know about us, Lone Star.
Lone Starr: What?
Dark Helmet: I am your father's brother's nephew's cousin's former roommate.
Lone Starr: What's that make us?
Dark Helmet: Absolutely nothing! Which is what you are about to become.
That's my take. If the team budgeted for having x+$16 mil dollars of income and they are only going to collect x, then yeah the could lose $16 mil. Of course that assumes a budget is in place where there is 0 profit. My guess is the Indians will make $16 million dollars less in profit in 2009 than they expected back in the spring.
I think it is good form for military contractors to do so too.
...which is a higher total than any season between 1952 and 1992 inclusive, or approximately the combined attendance of the 1971, '72 and '73 seasons... tough times when you can't make a buck on 1.7 million attendance along with ancillary revenues.
Cleveland's a football town, though... the Browns could go 0-16 for a decade and still be popular.
I'd extend this beyond sports, to governments & big business. Basically anything requiring lawyers.
Local, county, state governments do this all the time. Every nickel cut from the budget is met with 'things are already thin, we'll have to shut down the fire department.'
Fixed.
And true. If the Lions were any good at all, they would own the town. Own it. (And no smart-ass remarks about Detroit not being worth owning. It's still the tenth-largest TV market in the country.)
Not the Wings?
Coke to CW.
They would have been immortalized had they went away forever. Had the original Browns not left for another city, the relationship between the fans and the team would have been seriously tested. Things were already going south between the fans and the team in the Belicheck era, and with the resurgence of the Indians, who knows what might have happened.
Four more years of Browns v.2.0 and we just might find out.
Shut yo mouth!
They couldn't even sell out some of their early round playoff games this year. Partly due to ridiculous prices, but still.
This makes me cringe. I have a feeling that as bad as the Indians are this year, that Mangini v2.0 + Browns v2.0 = catastrophy.
Speaking as a city councilman who will never vote for a tax or spending increase, I can only say, "Amen."
Strangely enough, they were able to turn profits back then despite having a higher (non-inflation-adjusted) payroll, not owning their own cable network, and not getting millions of dollars per year in naming rights money. The one difference, as far as I can tell, is that Dick Jacobs was a fantastic owner and Paul Dolan can't tell his ass from a hole in the ground.
I guess they were a publicly traded company back then too, so they couldn't just make financial stuff up like they can now.
Mangini v2.0 + Browns v2.0 = catastrophy.
I'm a Bills fan but I've got a soft spot for the Browns and I live in Ohio, so I follow the goings-on up there. This Mangini thing is going to be a disaster. If you're gameplanning for the Browns, who scares you? Braylon Edwards, I guess, but he drops the ball once a game and doesn't have anyone to throw it to him anyway. Certainly nobody else on the offensive side of the ball. Who are the difference-makers on defense? They don't have any.
They've got one impact player, a coach with a spotty track record, no idea who their quarterback is, no idea who their starting running back is, and they're in a division with the Steelers, Ravens, and a Bengals team that's going to be much better this year. They went, what, five games without an offensive touchdown last year? There's no reason to think the offense is any better in '09.
They're a complete clusterf***.
In the NFL that means their a good bet to go 11-5.
Please. The Browns will always be popular even if they suck balls. The love for the Browns is the same for the love of Ohio State. We suffered through Cooper, we suffered through Romeo (who is a hell of a nice guy btw and I wish him well). Never underestimate the deep love of football in Ohio. I can't comment on the Bengals because I am not a low class hillbilly like their fans.
Speaking as a tax payer, I say both "Amen" to you and "I hope you have aspirations for higher office."
Don't forget the Earl Bruce years, those were great years too. Keith Byars deserved better.
Ah, simply driving up your asking price. Clever.
They also didn't have a more popular team playing on the waterfront to compete for the local dollar. Is it any coincidence that the Indians' reign of sellouts coincided with the Browns' absence?
MLBAM isn't really a big pie. It was at one time valued pretty highly if it ever went public and it still probably has a high dollar value but that doesn't mean the thing is swimming in cash. The dividends on MLBAM are probably at best a couple millions dollars or so a year per team give or take a million or so and I wouldn't be surprised if it was significantly less than a million per team.
Don't you have to have electricity and TVs to count?
Hard to tell, as the last numbers are from the 2007 payback...
Revenue
$236 MM in 2005
Projected $380 MM 2007
They say it was profitable in 2004, so let's call it $180 MM in costs. I think we can say conservatively that costs don't rise (their costs only get cheaper normally) and revenues don't rise. Lopping off $100 MM to reinvest and for MOE, that's $3 million per.
You'd be naive to think the Browns coming back hasn't effected the Indians bottom line. Can Cleveland support 3 teams? The Browns will always be popular. With Lebron, the Cavs are a huge draw. So that leaves the Indians in 3rd place in a smaller tv market, where the median household income was $28,512 in 2007 (couldn't find a newer stat with a quick google. With the shrinking manufacturing/production economies I'd imagine it's a lot worse now).
During the Jacob Field sellouts, the Browns were gone and the Cavs were Bron-less and sucked.
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