Jerry Jones the business man

LocimusPrime

LocimusPrime

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Just some insight into Jerry’s business life.
:dance::dance::dance:



Dallas Cowboys Owner Jerry Jones said Friday he’s excited to spend another $1 billion on developing the land around the team’s practice facilities at the Star in Frisco, Texas.

Speaking at luncheon held on the field at the Star’s Ford Center by the Dallas CPA Society, Jones talked about extending himself financially at the start of what would become a $1.5 billion project that included some local taxpayer dollars.

“Well, we’re standing here today several hundred million dollars later and that shows you how easy we went, and we’ve got another billion to go here to finish development,” Jones said.

Jones’ real estate company Blue Star Land filed plans with the city of Frisco for a series of office buildings at The Star earlier this year.

The company is currently developing a 17-story high-rise and is working on plans for what could be up to four office buildings on the surrounding property to go with an existing office there. One of the new offices would be between 300,000 and 350,000 square feet, said Blue Star Land President Joe Hickman.

“We’re in the middle of the design process and will take it to market,” Hickman said in a brief interview after the event Friday.

https://www.bizjournals.com/dallas/...es-another-1b-ready-to-spend-on-the-star.html
 
LocimusPrime

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Jerry Jones’ Blue Star Land seeks to buy Frisco Park25 for Dallas Cowboys merchandising center


Park25 is a 216-acre industrial park under development in Frisco. (Lindsey Juarez/Community Impact Newspaper)
By Lindsey Juarez | 1:01 pm Aug. 21, 2018 | Updated 4:41 pm Aug. 22, 2018



The Frisco Community Development Corp., the Frisco Economic Development Corp. and Frisco City Council will vote Tuesday on an agreement for Blue Star Land to buy the 216-acre industrial park known as Frisco Park25.

Blue Star Land, which is owned by Dallas Cowboys owner Jerry Jones, plans to continue construction on the unfinished industrial park and build a 400,000-square-foot Dallas Cowboys Merchandising Distribution and Sales Center.

As part of the agreement, the merchandising center must create 35 full-time jobs. The city is offering to incentivize Blue Star Land with a 50 percent ad valorem tax grant and a 50 percent sales tax grant, both for a period of 10 years.

Frisco Park25, owned by the FEDC and located at the northwest corner of Preston Road and Rockhill Parkway, was announced in 2016. The park was created to help draw larger corporations to the city with an emphasis on light industrial businesses.

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LocimusPrime

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Comstock Resources Inc. has been a bummer over the past few years. While the debt-strapped company didn't file for bankruptcy like many of its peers when oil prices tumbled (it swapped part of its bonds with convertible notes instead), it entertained a move earlier this month that would dilute shareholders, sending its stock down 17% to $6.06 per share. Its shares spent the rest of the month deflating to close at $4.76 yesterday.

All that changed today, when the company announced that it was negotiating with billionaire Dallas Cowboys owner Jerry Jones to make a "substantial" investment in the company.

Under a letter of intent signed with Jones' oil and gas companies, Arkoma Drilling and Williston Drilling, Frisco, Texas-based Comstock will buy interests in oil and gas properties in North Dakota for $620 million in stock (there's no debt associated with the assets).

As a result, Arkoma would receive 88.6 million newly issued shares of Comstock common stock based on an agreed upon share price of $7 per share, giving it an 84% stake in the company.





A definitive agreement could come in a few weeks and Comstock stockholders will have to approve it.

Wall Street cheered the deal, pushing the company's shares up more than 50% at one point. They ended up closing at $6.98 per share, up 46.6%.

The reason? The properties Comstock is buying produce a lot of oil – 10,500 barrels per day – that would balance out its natural gas-weighted portfolio, which includes fields in East Texas' and northern Louisiana's Haynesville shale. The assets are expected to generate $200 million in operating cash flow this year.

https://www.forbes.com/sites/claire...s-big-bet-on-comstock-resources/#1821a89f3578
 
LocimusPrime

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PAPA JOHN'S AND BLUE AND SILVER ENTER INTO JOINT VENTURE AGREEMENT
Papa John's and Blue and Silver Enter into Joint Venture AgreementLOUISVILLE, Ky.--(BUSINESS WIRE)--Aug. 3, 2004--Papa John's International, Inc. (Nasdaq: PZZA) and Blue and Silver Ventures Ltd., an entity of Dallas Cowboys owner Jerry Jones, announced today a joint venture in the Dallas, Austin and Waco, Texas markets effective July 26, 2004. As a part of the joint venture, Papa John's® becomes the "Official Pizza of the Dallas Cowboys" and a "Proud Sponsor of Texas Stadium." The joint venture was announced at a press conference at the Dallas Cowboys training camp in Oxnard, CA. Terms of the agreement are not being disclosed.
"We're excited to partner with Jerry Jones and the Cowboys organization," said John Schnatter, Founder and Chief Executive Officer of Papa John's International. "Jerry and the entire Dallas Cowboys group are a great team to collaborate with. Now the Texas market has two quality-focused organizations providing customers with superior-quality Papa John's pizza."

"We are officially in the pizza business with a star partner, Papa John's," said Jerry Jones, Sr., Owner and General Manager of the Dallas Cowboys Football Club. "The partnership brings two top performers together in Dallas. We deliver great football and now we're delivering great pizza with Papa John's."

As a result of the joint venture with Blue and Silver, Papa John's maintains 51% ownership of the 71 Papa John's restaurants including responsibility for staffing, operational execution and facilities management. The two organizations will jointly be responsible for all marketing-related aspects of the restaurants. The partnership entity will consider opportunities to acquire or develop additional restaurants in these markets in the future.

https://ir.papajohns.com/news-relea...blue-and-silver-enter-joint-venture-agreement
 
Cowboys22

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I knew it. He is replacing high priced players with office buildings. No wonder he is sitting on all that cap space and didn’t want to spend money to improve the team. Embracing the youth is just a euphemism for “I need every penny I can get my hands on right now”.
 
LocimusPrime

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CANTON, MA (March 29, 2012) -- Dunkin’ Donuts, America’s all-day, everyday stop for coffee and baked goods, has added significant new star power to fuel its expansion in Dallas, today welcoming Dallas Cowboys Football Club Owner and General Manager Jerry Jones and Pro Football Hall of Fame quarterback Troy Aikman as the brand’s newest franchise partners. As part of a limited partnership between Dunkin’ Donuts, the Jones Family and Aikman, the group plans to open at least 50 new Dunkin’ Donuts restaurants throughout the Dallas/Fort Worth region over the next five years.


“We have a lot of greats to be proud of here in North Texas,” said Jerry Jones. “Great people, great sports teams and great traditions, which is why I am excited about being a part of bringing great coffee, iced tea and baked goods from Dunkin’ Donuts to the area.”

“In traveling around the country on business, I’ve had the opportunity to enjoy Dunkin’ Donuts coffee in many other cities,” said Troy Aikman, former Dallas Cowboys quarterback and current FOX Network broadcaster. “I’m excited to now be a part of bringing this same outstanding experience to everyone here in Dallas and Fort Worth.”

There are currently 19 Dunkin’ Donuts restaurants in North Texas, including four locations at DFW Airport and a new restaurant that recently opened in McKinney, Texas. Another Dunkin’ Donuts restaurant is scheduled to open in Southlake in mid-April.

“We are honored at the opportunity to grow our presence in the Metroplex through a partnership with Jerry Jones - one of the country’s most admired businessmen and a leading presence in the Dallas/Fort Worth area, and Troy Aikman - one of the NFL’s all-time great leaders on and off the football field,” said Nigel Travis, Dunkin’ Brands, Inc. CEO. “We look forward to making America’s favorite coffee, as well as our delicious baked goods and food products, available to a growing number of customers in this area by teaming up with these outstanding franchise partners.”

Under the agreement, Dunkin’ Donuts, the Jones Family and Aikman will share ownership of the new Dunkin’ Donuts restaurants and 11 of the 19 existing locations. Together, Dunkin’ Donuts, the Jones Family and Aikman will be jointly responsible for strategic planning, expansion and marketing, with Dunkin’ Donuts responsible for the operations of the restaurants.

In 2009 Dunkin’ Donuts entered into a partnership with the Dallas Cowboys Football Club as the official coffee for the team. Since then, “America’s Team” has run on Dunkin’, with Dunkin’ Donuts pouring stations located strategically throughout Cowboys Stadium, serving “America’s Favorite Coffee” both hot and iced, hot chocolate and iced tea during Cowboys home games, college football games, concerts and other stadium events. Dunkin’ Donuts signage appears within the stadium and advertising is shown during events on the LED ribbon board and video boar


https://news.dunkindonuts.com/news/...rants-throughout-the-dallas-fort-worth-region
 
Jake

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Cowboys22 said:
I knew it. He is replacing high priced players with office buildings. No wonder he is sitting on all that cap space and didn’t want to spend money to improve the team. Embracing the youth is just a euphemism for “I need every penny I can get my hands on right now”.
Click to expand...

Yeah, because $19 million in cap space is how you get a billion to invest elsewhere. :facepalm:
 
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