Jerry sold or leveraged everything he owned, including art and personal items to pay for the cowboys. 250 million, which is an insurmountable sum for anyone not in the .1%.
He bought the team for $140 million.
My memory is bad and you are right about the 140M. Still out of reach for all but the wealthy.
I don’t think he does. If he did then why trade for Lance. We have an entrenched #2 in Rush and had an entrenched #3 in Grier. You don’t trade a 4th rounder for a 3rd string QB.Yup, a five-year extension incoming. Dak will have a new HC and OC. They will pay the price as well by 2025. I worry that Jerry actually believes that Dak is the centerpiece
Who knows with Jerry but they can dump Rush after the season, his dead cap is only 625K for 2024 if I’m not mistaken. Lance will head to #2.
Im not sure he ever borrowed or received any funds from his parents? Maybe, he did but I've never read that before. It would be interesting to know. He did get the loan from the teamsters union for his first business which failed, I think.
I have to give him credit for taking great risks and dreaming big.
This..I would like an answer from JW on this. He hasn’t won at any level, he’s participation trophy at best
It’s not a big secret. Have you tried Google bc you aren’t even close.
I’m not talking about how he became wealthy. He “gambled” on oil land leases and within a few years they increased ten times their value (or something like that) the last time I read about it, from which he gained the capital to buy the team without any other investors. I’m talking about his family being successfully business oriented and rather well off prior to him even starting his own businesses.
Jerry’s dad sold insurance. He had something like a State Farm office. They were well off but not wealthy. Jerry was an oil wildcatter who got lucky when a piece of dirt he bought struck oil. He built it into a nice business and became very wealthy by most anyone’s standards. He bought the Cowboys with bank loans by leveraging his assets. If the cowboys went belly up, he would have gone down with them. It was unusual at the time bc most NFL owners had other businesses and their team was just a side hobby not a primary source of income. So, Jerry was one of the poorest owners when he bought the team.
Just imagine you are the owner of a business: Your CEO/COO is adequate, but his contract is up and your sure you can do better. But unfortunately no one else can or will work for you and do the job "adequately" ...for a lower price. Now that same CEO has a bad quarter ...or seems to have one every year. Yet...the customers want to know if they should invest in your business. What do you tell them? What you really feel?
