Marc Ganis
Marc Ganis
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The teams in smaller markets, like Jacksonville and Cincinnati, got their stadiums first. Then it was the big markets' turn -- Boston, Houston, Philadelphia, and soon New York and Dallas. The disparities between markets have become magnified.
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When was the last time somebody cheered for T-bill interest rates? But you cheer when your team is on the court, so there is a lot to be said for the psychic value of owning a sports team.
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They have concluded they can't compete directly with the Yankees and Red Sox for resources (i.e. expensive players). But they realized there are ways to compete with the other middle-of-the-pack teams to make it to the World Series and win it.
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In the NFL, for most of the teams the profitability is about $5 million to $18 million a year, with a handful above or below. If this proposal adds $10 million to the cap, you'd be operating not making any money. The numbers the players are asking for may not be feasible from the owners' standpoint.
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When you get out of the top 10 markets, it's really important how many other sports teams are in town. You want to move to a market with zero or one. Charlotte can definitely support two teams.
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This would be the first example of a stadium being developed from the outset for two N.F.L. teams, ... The cost of these buildings has skyrocketed to such a degree that it makes far more economic sense to share the debt service and the revenues. The net revenues for the two teams are likely to be significantly better than if they each built their own stadium.
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If the team is competitive, the Los Angeles fans will pay top dollar, make going to the games an event, ... But they won't support a loser. There are too many alternative activities can be conducted in the fall. You can go to beach. You can't do that in Chicago.
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They'll be able to build the NFL Network into something far more significant. On the 357 days when games are not being carried, NFL programming will be going into people's homes.
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The NBA was very fortunate to have three stars like that back to back. That wasn't planned, it was an alignment of the planets.
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It will be vitally important for people to watch, however widely they are dispersed. It will help them come together, even though they're doing it electronically.
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They are limited in the means by which they can spend money.
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Fans really want to feel intimate with the action. This is part of what has made the NBA so successful. You can almost smell the sweat.
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You have uniforms, you have licensing partners. It takes a good year and a half or so to implement something like that.
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They are a cash machine. They print money, ... While there is no revenue pressure, they'll try to keep certain things pristine.