Jimjamesak
Already insane, UAA making it worse
Given your responses my answer is pretty simple: You are severely underestimating the costs that go into starting up and running a sports league, let alone an expensive one like football.Simple answer, you told me off from the soccer thread when I was bothered by the fact that MLS teams spent too much time and effort to be European as opposed to American (who is the freaking royalty in Salt Lake City???). So go watch your soccer, and let the XFL and USFL fail. It's pretty clear they are not trying to get your eyes. anyway.
BTW, I'm curious how you think tripling the player salaries is such a bad estimate.
First, even if my estimate is 100% low, it would still take a decade of expenses to get to one of your throw away billions.
Second, it's reported that Fox signed a $150M/3 year deal with the USFL. Given the TV income, I'd bet that my estimate is pretty darned close to expenses.
So it would take 20 years of 100M of expenses and $50M income to get to $1B of losses.
Fox isn’t paying $50 million a year, Fox is an owner of the league.
The deal would receive an initial $200 million investment from Fox, with the goal of raising an additional $250 million from numerous wealthy investors in the future. This unprecedented amount of financing, coupled with a unique broadcast scenario with four nationally televised games per week, the city of Birmingham stands to reap vast economic benefits from the deal.
They’re raising nearly a half a billion dollars in funding just to get this off the ground, and that’s with them doing things on the cheap (playing in one city, low salaries, centralized management structure). What’s it going to cost to get them to year 5? Year 10?
And again, what’s the reception going to be when the novelty wears off? And how much is it going to cost to keep things fresh when the novelty does wear off?