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Thread: News/rumors 2023 season
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02-04-2023, 03:53 PM #481Regular 1st Stringer
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Re: News/rumors 2023 season
Oh my god this is so so so so wrong. It is literally OUR money. The owner does not spend ANY of his own money on the team. Steve does not lose a single penny on the Ravens. NFL franchises technically require zero ownership since the NFL is a revenue sharing operation that derives player compensation from the NFL’s salary cap. Some of y’all I swear …
When spider webbs unite, they can tie up a lion
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02-04-2023, 03:57 PM #482Hall Of Fame Poster
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02-04-2023, 04:17 PM #483Regular 1st Stringer
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Re: News/rumors 2023 season
Dick Cass was a guest lecturer at the Robert H Smith business school at UMD while I was attending there eight years ago (fuck that makes me feel so old to say haha). He had like a six session or something like that seminar about sports business and I signed up and sat in on all the lectures.
He pretty much walked us through the entire process of Steve buying and owning the team (Cass was his lawyer). If I’m not mistaken he also advised Jerry Jones and the former Commanders owners.
#1 … Cass told Steve not to buy the team (and admitted during the lectures how awful that advice would have been). Cass did not anticipate the surge in franchise cost … I.e. the Ravens have almost sextupled in price since Steve bought the team.
#2 … Whatever interest Steve had on his original loans were offset by the massive tax benefits he received against his income.
I’ll try and find my notes from those lectures sometime this weekend.
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02-04-2023, 04:36 PM #484
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02-04-2023, 04:51 PM #485Hall Of Fame Poster
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02-04-2023, 05:02 PM #486
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02-04-2023, 05:40 PM #487
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02-04-2023, 06:31 PM #488
Re: News/rumors 2023 season
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Re: News/rumors 2023 season
You're both right to a degree.
Capitalism says owners and employees should both compete to get as much as possible. For decades we worshiped capitalism and mocked 'snowflakes' who fretted about society as a whole.
The pendulum as swung back more recently as Gen Z overtakes myopic thinking. Already CEOs, for gods sake, have pledged to not put shareholder profit over employees, and now, even over communities.
But we're still capitalistic society and it doesn't mean people shouldn't have a chance to work hard and prosper."That's what."
— She
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02-04-2023, 07:05 PM #490
Re: News/rumors 2023 season
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Re: News/rumors 2023 season
"Hip drop tackle" enters my brain for the first time ever.
"That's what."
— She
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02-04-2023, 09:04 PM #492
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