Is there an NFL team for sale? (1 Viewer)

[Bri]

Curtis Martin has been speaking about becoming an owner and (direct quote to follow)"has found backing to support his endeavor."

Real estate guru Jeff Pasquino(or others) do you find financial supporters for such a project if no team is for sale?

Anything to be made of this here or just chatter?

 

[flranger]

Curtis Martin has been speaking about becoming an owner and (direct quote to follow)"has found backing to support his endeavor."Real estate guru Jeff Pasquino(or others) do you find financial supporters for such a project if no team is for sale?Anything to be made of this here or just chatter?

I'm not even sure Tiger Woods could buy an NFL team but Curtis Martin?????? Too many concusions. I'd guess that if one was for sale, even a mediocre team would cost close to a cool billion.

 

[Bri]

Curtis Martin has been speaking about becoming an owner and (direct quote to follow)"has found backing to support his endeavor."Real estate guru Jeff Pasquino(or others) do you find financial supporters for such a project if no team is for sale?Anything to be made of this here or just chatter?

I'm not even sure Tiger Woods could buy an NFL team but Curtis Martin?????? Too many concusions. I'd guess that if one was for sale, even a mediocre team would cost close to a cool billion.

I figure with his character and football experience, he may have turned some rich folks that thought it'd be a fun idea into this being a decent business proposition.

 

[chris1969]

It's possible.

See Bernie Kosar and Walter Peyton.

 

[zed2283]

On CBS This Morning (or some such show) he made it sound like he had a deal currently in the works. He said that he'd hoped to make an announcement there on the show but that the timing hadn't worked out. They asked him what team it was and he said he didn't want to comment and risk blowing the deal.

 

[Bri]

It's possible.See Bernie Kosar and Walter Peyton.

refresh my memory please

 

[Bri]

On CBS This Morning (or some such show) he made it sound like he had a deal currently in the works. He said that he'd hoped to make an announcement there on the show but that the timing hadn't worked out. They asked him what team it was and he said he didn't want to comment and risk blowing the deal.

They have an article on this at Jets.comhttp://www.newyorkjets.com/news/articles/s...res-as-a-player

Wonder what his solution is to homeless-ness if he(and Bloomberg) plans to rid NY of 2/3 homelessness by 2009...'nother thread, 'nother time I guess

 

[NoFBinLA]

On a blog at called The Jets Stream on the Daily News website it had this to say:

Martin Plans to Buy NFL Team

Curtis Martin began his one-day farewell tour this morning on CBS' "Early Show" in Manhattan, where he dropped this bombshell:

The Jets' all-time leading rusher is planning to become an NFL owner.

"I'm done playing football in the NFL, but I'm not done with the NFL," Martin said during the TV interview.

Told there have been rumors that he might buy into a team (rumor? Hah! This was a planted question), Martin replied, "Yes, it's very true."

Martin refused to divulge which team, saying he had planned to make that announcement today but that there was a delay in finalizing the deal.

Martin is scheduled for at least two other TV interviews today. He also will sit down with beat writers at 10 a.m. in the Jets' Manhattan office.

UPDATE: According to a report on the Jets' official Web site, the team he is planning to buy into is "a team other than the Jets."

So I think he's looking to invest with others -- but who knows what that will mean.

 

[SSOG]

Curtis Martin has been speaking about becoming an owner and (direct quote to follow)"has found backing to support his endeavor."

Real estate guru Jeff Pasquino(or others) do you find financial supporters for such a project if no team is for sale?

Anything to be made of this here or just chatter?

I'm not even sure Tiger Woods could buy an NFL team but Curtis Martin?????? Too many concusions. I'd guess that if one was for sale, even a mediocre team would cost close to a cool billion.

It's a year old, but here's what everything was worth last Aug. 31. Forbes should be releasing the new team values sometime in the next couple of months.

 

[Bri]

From SSOG's link(thanks BTW) I guess this would be a list of possibilities, no?

Only one team, the New Orleans Saints (27th at $738 million), has a negative operating income, $4.1 million. The Saints, of course, were displaced by Hurricane Katrina last season, playing home games in San Antonio and Baton Rouge.Yet the Vikings and four others -- Oakland ($736 million), San Francisco ($734 million), San Diego ($731 million) and Atlanta ($730 million) -- are valued below the Saints.The Raiders, 49ers, Chargers and Falcons all are planning or seeking upgrades in their stadiums, too.

 

[chris1969]

Bernie Kosar is a partial owner and figurehead of the Browns. Payton tried unsucessfully to do the same thing in L.A.

 

[Mr. Bill O'Reilly]

Doesn't C-Mart have a successful wife or something? Anyways, maybe Peyton Manning will have enough money to buy a team straight up when he retires. I'd like to see him as an owner.

 

[SSOG]

Doesn't C-Mart have a successful wife or something? Anyways, maybe Peyton Manning will have enough money to buy a team straight up when he retires. I'd like to see him as an owner.

There's no way that Peyton will have enough money to be a sole owner by the time he retires. For the first thing, no sports figure has ever become a Billionaire (although Tiger Woods will be one by the time he retires, mark my words). For the second thing... the current NFL Salary Cap is just over $100million dollars. Even if Peyton made 100% of the salary cap and played for 10 years, he couldn't afford an NFL team, because iirc teams have been rising in value somewhere between 10% to 13% per season over the last 4-5 years. In 10 years, NFL franchises could very easily be worth $2.5 to $3 billion per, and Peyton Manning (if he's lucky) will have maybe $250 million from his football earnings by the time he retires. I suppose it's possible that he makes a boatload in endorsements, but even if he makes as much in endorsements as he does in salary, that's $500,000 dollars. The very best case scenario for Manning is that he'd be a minority partner, a 1/10th owner, a figurehead-at-best.

 

[mhrutkowski]

Curtis Martin has been speaking about becoming an owner and (direct quote to follow)"has found backing to support his endeavor."Real estate guru Jeff Pasquino(or others) do you find financial supporters for such a project if no team is for sale?Anything to be made of this here or just chatter?

I'm not even sure Tiger Woods could buy an NFL team but Curtis Martin?????? Too many concusions. I'd guess that if one was for sale, even a mediocre team would cost close to a cool billion.

You've heard of minority interests, right? No pun intended.

 

[CrossEyed]

Maybe he'll buy into his hometown Steelers. Or maybe not.

 

[SSOG]

Maybe he'll buy into his hometown Steelers. Or maybe not.

Can't see the Rooney's selling, even a minority stake.

 

[OCC]

Ralph Wilson is selling when he's dead. His family can't afford the estate tax on inheriting the team.

 

[*****]

Doesn't C-Mart have a successful wife or something? Anyways, maybe Peyton Manning will have enough money to buy a team straight up when he retires. I'd like to see him as an owner.

There's no way that Peyton will have enough money to be a sole owner by the time he retires. For the first thing, no sports figure has ever become a Billionaire (although Tiger Woods will be one by the time he retires, mark my words). For the second thing... the current NFL Salary Cap is just over $100million dollars. Even if Peyton made 100% of the salary cap and played for 10 years, he couldn't afford an NFL team, because iirc teams have been rising in value somewhere between 10% to 13% per season over the last 4-5 years. In 10 years, NFL franchises could very easily be worth $2.5 to $3 billion per, and Peyton Manning (if he's lucky) will have maybe $250 million from his football earnings by the time he retires. I suppose it's possible that he makes a boatload in endorsements, but even if he makes as much in endorsements as he does in salary, that's $500,000 dollars. The very best case scenario for Manning is that he'd be a minority partner, a 1/10th owner, a figurehead-at-best.

A quick Google search reveals that Manning (6 foot 5, laser, rocket-arm) reportedly made $42 million in 2004 ($34 million signing bonus from Colts, $8 million in endorsements). In 2005, he made more than $10.5 million in endorsements. He probably made more than that in 2006. Who knows what he makes off of his investments, personal appearances or other income streams? He makes way more cash outside of the NFL than he gets paid by the Colts. He may not be able to afford a team by himself when he retires but he'll be able to afford a nice big piece of one. Maybe he could put the team on lay-away.Like Martin, he would bring more cache to any proposed ownership group than he would bring cash.

 

[Jeff Pasquino]

Curtis Martin has been speaking about becoming an owner and (direct quote to follow)"has found backing to support his endeavor."Real estate guru Jeff Pasquino(or others) do you find financial supporters for such a project if no team is for sale?Anything to be made of this here or just chatter?

Hi Bri,Just because you are pushing to become an owner doesn't mean you have to front all of the money. IIRC, Dan Snyder isn't the majority owner of the Redskins. I do know for a fact that Bill Giles is the President of the Phillies and the face of the team, but he isn't the majority owner. Same for when Pat Croce owned the Sixers.Some sports owners own the team outright. Some put together a team of investors and they lead the "bid" to buy the club. I would say that the latter is more common than the former.So, in this case, I would assume that C-Mart would be the lead and the face of a group that would try and raise the $1B or so to buy a team and then seek out that investment. C-Mart could be President or Owner or GM, whichever the managing partners deem the correct course of action.Given the appreciation of the NFL franchises, I would imagine that mega-investors with $50-100M looking to make a profit on something like this (and NFL / sports fans) would be interested. I would also assume that C-Mart has enough acquaintances over the years to find such people.

 

[Mystery Achiever]

I don't think this plays well for the other owners either. If they allow a black owner, if his team fails, the black for profit martyr machine will blame the other owners. Increasing the media heat on them. Even if it's for no good reason at all. If they allow a black owner and his team succeeds, it will be a jumping off point to sue and sue and sue and sue and sue and cry and cry and sue some more to leverage the NFL to back into a corner and hire as many African Americans as possible, based on merit or not. Then the NFL will start to look like the local DMV. Nothing gave me more evidence of this than when Dungy/Smith went to the SuperBowl last year and everyone made sure to point out again and again that they were black. I can't think of anything more insulting to two hardworking dedicated men who devoted their lives to the game. They are treated as "black coaches" before they were treated as "people who loved the game and dedicated their lives to it"

color me speechless.

 

[Jiggyonthehut]

This is the first time I've ever disagreed with Gordon.

 

[Bri]

Curtis Martin has been speaking about becoming an owner and (direct quote to follow)"has found backing to support his endeavor."Real estate guru Jeff Pasquino(or others) do you find financial supporters for such a project if no team is for sale?Anything to be made of this here or just chatter?

Hi Bri,Just because you are pushing to become an owner doesn't mean you have to front all of the money. IIRC, Dan Snyder isn't the majority owner of the Redskins. I do know for a fact that Bill Giles is the President of the Phillies and the face of the team, but he isn't the majority owner. Same for when Pat Croce owned the Sixers.Some sports owners own the team outright. Some put together a team of investors and they lead the "bid" to buy the club. I would say that the latter is more common than the former.So, in this case, I would assume that C-Mart would be the lead and the face of a group that would try and raise the $1B or so to buy a team and then seek out that investment. C-Mart could be President or Owner or GM, whichever the managing partners deem the correct course of action.Given the appreciation of the NFL franchises, I would imagine that mega-investors with $50-100M looking to make a profit on something like this (and NFL / sports fans) would be interested. I would also assume that C-Mart has enough acquaintances over the years to find such people.

thank you for the replyGenerally, at what point do you find "backers"? beginning, middle, end? or does it vary?

 

[Bri]

This is the first time I've ever disagreed with Gordon.

I have nothing nice to say about that postFishing, off on a tangent, I just don't get the "angles" he took

 

[Jeff Pasquino]

Curtis Martin has been speaking about becoming an owner and (direct quote to follow)"has found backing to support his endeavor."Real estate guru Jeff Pasquino(or others) do you find financial supporters for such a project if no team is for sale?Anything to be made of this here or just chatter?

Hi Bri,Just because you are pushing to become an owner doesn't mean you have to front all of the money. IIRC, Dan Snyder isn't the majority owner of the Redskins. I do know for a fact that Bill Giles is the President of the Phillies and the face of the team, but he isn't the majority owner. Same for when Pat Croce owned the Sixers.Some sports owners own the team outright. Some put together a team of investors and they lead the "bid" to buy the club. I would say that the latter is more common than the former.So, in this case, I would assume that C-Mart would be the lead and the face of a group that would try and raise the $1B or so to buy a team and then seek out that investment. C-Mart could be President or Owner or GM, whichever the managing partners deem the correct course of action.Given the appreciation of the NFL franchises, I would imagine that mega-investors with $50-100M looking to make a profit on something like this (and NFL / sports fans) would be interested. I would also assume that C-Mart has enough acquaintances over the years to find such people.

thank you for the replyGenerally, at what point do you find "backers"? beginning, middle, end? or does it vary?

Having never sought backers at that level, I'm purely speculating.I would imagine that one would plant the seed in someone's mind when you talked with them about investing or team ownership, or mentioned that it is something you (C-Mart) are contemplating down the line. Probably not during your first conversation, but it could happen. Then, when that opportunity arose, break out the phone calls and farm those seeds.

 

[Gottabesweet]

Forbes has the Bills estimated at 780 Mil, so even the cheaper teams would be way to much for C-mart to afford.

 

[Bri]

Forbes has the Bills estimated at 780 Mil, so even the cheaper teams would be way to much for C-mart to afford.

I think you missed the mention of him securing "backing" for this endeavor

 

[Bri]

Having never sought backers at that level, I'm purely speculating.I would imagine that one would plant the seed in someone's mind when you talked with them about investing or team ownership, or mentioned that it is something you (C-Mart) are contemplating down the line. Probably not during your first conversation, but it could happen. Then, when that opportunity arose, break out the phone calls and farm those seeds.

thanks Jeff

 

[Mystery Achiever]

It seems that most teams - other than maybe some with generations of family ownership - have some sort of syndicate/minority interest structure, no? Anyway, I am very excited to see what transpires here. Just hope it is a team I like...how can you root against Curtis?

 

[Colin Dowling]

Unreal that two Cali teams were near the bottom.

ANd yes, there is a team for sale. All of them. As my uncle says, it just takes "M-O-N-E-Y."