Jones Jr.: Cowboys Stadium will get corporate name; how to get more Super Bowls

[Draegerman]

Those old school types had to sell the Franchise to Jerry because they were going broke.

Yep, but that had more to do with being overweighted with stocks when the market crashed in OCT '87 (Black Monday).

 

[Doomsday101]

Oh crap! Please do not drag me back into this! :bang2: :bang2:

Look, do you remember how much JJ originally invested in this franchise? If you count the original investment plus the amount of money he recently invested in the new stadium, you come up with a total of $450 million dollars.

Now for the sake of simplicity, even though it's obvious that I'm wrong, let's assume that all the expenses from 1989 to present were zeroed out by the profits (again, totally ridiculous because we know he's made more profit)...

To date, on paper, his team plus merchandising rights are worth more than 1.4 billion dollars.

From a profit standpoint, I'd call that a pretty damn good 21 years as an investment.

Wouldn't you?

Yes I would and it shows that using business sense will help keep this team rising not falling. Jerry has put out money to make money and to give the best he can to this franchise. If not naming it after Landry offends you then so be it.

 

[windward]

Yep, but that had more to do with being overweighted with stocks when the market crashed in OCT '87 (Black Monday).

Yep.

Bum Bright lost $200 million in the late 80s due to the S&L bubble popping. The Cowboys were a major liability and he had little choice to sell.

Not that he was that great of an owner to begin with but still....


I'm happy Jerry has turned this franchise into a profitable entity once again.

 

[zrinkill]

Yep, but that had more to do with being overweighted with stocks when the market crashed in OCT '87 (Black Monday).

Jerry was doing fine ..... must have something to do with his profitable business decisions.

 

[theogt]

Jerry's worth is over a billion dollars to date. So explain to me why he needs the money from the naming rights.



BTW, ever hear of Lambeau Field?

Newsflash: Net worth does not equal cash flow.

 

[WoodysGirl]

Newsflash: Net worth does not equal cash flow.

So you're saying that while my house might be worth one thing, I personally may only be worth the $20 I have in an old saving acct?

 

[theogt]

So you're saying that while my house might be worth one thing, I personally may only be worth the $20 I have in an old saving acct?

Yup. You can't pay your house note with the equity in the house.

 

[pancakeman]

Suppose:

Nike offers a boatload of money for players and coaches to wear their apparel exclusively at games.
Pizza Hut offers a boatload of money to show advertisements on the jumbotron between plays.
Dell offers a boatload of money for naming rights to the stadium.
JetBlue offers a boatload of money for the Cowboys uniform blue to be adjusted to match their shade.
Adidas offers a boatload of money to change the stripe around the star on the Cowboys helmet to their familiar triple stripe.
Google offers a boatload of money to have the Cowboys name changed to Googlers.

Where in this list does Jones switch from being a fool for turning down the offer to being a fool for accepting it? It seems likely to me that people will have differing opinions on that question, without that difference indicating a lack of business sense or living in some now-impossible past.

 

[Draegerman]

Newsflash: Net worth does not equal cash flow.

I'm sorry but what part of $1 billion dollars, on paper (my exact wording), as return on investment did you confuse with positive cash flow?

If you want to shoot holes in my argument, then go after my overly simplistic model where I gave 1:1 dollar ratio for profit verses operational costs over the last 21 years of ownership.

Everybody here knows that that's bull.

 

[Draegerman]

I have provided a simple solution to all of this and I'm surprised it didn't receive any feedback.

Jerry can find some common ground here. All it takes is selling the naming rights to a corporate sponsor for the actual stadium itself while paying tribute to our storied past by naming the field after Landry.

Jerry can still get his hundreds of millions of dollars that many of you feel he desperately needs (and if you let Jerry tell it, his family's already standing in the soup kitchen line in downtown Dallas ), while us old fogeys will be appeased with the respect he gives to those that came before him. Although I won't be 100% satisfied with this outcome, because it shirks Tex of the credit he deserves (or Brandt for that matter) but what are you going to do?

It is, afterall, common ground.

 

[Draegerman]

Jerry was doing fine ..... must have something to do with his profitable business decisions.

Z, I'm not really sure where you're going with this. We've already established Jerry as an excellent businessman, so I'm not sure what the point is here.

 

[burmafrd]

Draegerman. You own a $1,000,000 but have no job. Problem right?
Jerruh owns the stadium but he has A) the debt to pay off which will take at least 15 years and is NOT CHEAP; B) maintenance costs and other costs for that facility plus the payroll of those who work it; C) the other expenses of Valley Ranch and the Cowboys. So just because the Net Worth of the Cowboys is $1.5 Billion MEANS NOTHING. Yeah that would be maybe what he could get if he sold it but so what? CASH FLOW is what its all about. Fact is that his +cashflow per year (profit) will probably be maybe $20 million. As I mentioned earlier in 10 years or so he will have to remodel or do extensive work on the Stadium which will probably cost $300 Million. So he makes $20 million a year for 10 Years; = $200 million. A little short there. AND THAT ALSO would mean that he spent none of that profit in 10 years on anything at all except let it sit in the bank gathering interest. He might put it in bonds or take a risk and put it in stocks; but the risk is something to think about. Now once he pays off the stadium in 15 years he will be doing a lot better. BUT that is FIFTEEN YEARS FROM NOW. A lot can happen. THAT is why he needes to sell the naming rights.

 

[theogt]

I'm sorry but what part of $1 billion dollars, on paper (my exact wording), as return on investment did you confuse with positive cash flow?

If you want to shoot holes in my argument, then go after my overly simplistic model where I gave 1:1 dollar ratio for profit verses operational costs over the last 21 years of ownership.

Everybody here knows that that's bull.

Uh....actually, I quoted your exact words. Here they are again:

Jerry's worth is over a billion dollars to date. So explain to me why he needs the money from the naming rights.

 

[Draegerman]

Uh....actually, I quoted your exact words. Here they are again:

It's obvious that you want to go down this road with me because you seem to be taking me for an idiot.

Alright, I'll play.

Here's the post that I'm referring to, along with the excerpt that provided more clarification, (post #60):

http://cowboyszone.com/forums/showpost.php?p=3312408&postcount=60

To date, on paper, his team plus merchandising rights are worth more than 1.4 billion dollars.

From a profit standpoint, I'd call that a pretty damn good 21 years as an investment.

Wouldn't you?

That was posted 19 hours ago.

Now what you were quoting from me was (post #41):

http://cowboyszone.com/forums/showpost.php?p=3312296&postcount=41

That was posted 21 hours ago.

When you quoted me with your initial response (post #65):

http://cowboyszone.com/forums/showpost.php?p=3312566&postcount=65

That was posted 16 hours ago.


Okay, my point is this. You had a little over 3 hours to read the entire thread before you wrote your initial response to my first post regarding Jerry's worth. Instead of quoting the one that provided more clarification you opted for the one that didn't. I corrected you but you insisted on focusing on post #41 rather than post #60.

Now it would be perfectly understandable with you quoting post #41 if I had not written post #60 yet. But you didn't and that's why we're discussing a bunch of rubbish right now.

 

[Draegerman]

Draegerman. You own a $1,000,000 but have no job. Problem right?
Jerruh owns the stadium but he has A) the debt to pay off which will take at least 15 years and is NOT CHEAP; B) maintenance costs and other costs for that facility plus the payroll of those who work it; C) the other expenses of Valley Ranch and the Cowboys. So just because the Net Worth of the Cowboys is $1.5 Billion MEANS NOTHING. Yeah that would be maybe what he could get if he sold it but so what? CASH FLOW is what its all about. Fact is that his +cashflow per year (profit) will probably be maybe $20 million. As I mentioned earlier in 10 years or so he will have to remodel or do extensive work on the Stadium which will probably cost $300 Million. So he makes $20 million a year for 10 Years; = $200 million. A little short there. AND THAT ALSO would mean that he spent none of that profit in 10 years on anything at all except let it sit in the bank gathering interest. He might put it in bonds or take a risk and put it in stocks; but the risk is something to think about. Now once he pays off the stadium in 15 years he will be doing a lot better. BUT that is FIFTEEN YEARS FROM NOW. A lot can happen. THAT is why he needes to sell the naming rights.

But see you're projecting numbers without any data to back it up. If you want to go further with the dire straight analogy, you could add the possibility of a strike should the owners and players prove unable to come to an agreement for 2011. That would carry more weight with the justification of getting a corporate sponsor.

That said, here's where I have a problem believing it. Jerry had...what? Four or five years to build this stadium? Well, to me anyway, if you paint his position as dire as you made it appear and you're right, then why didn't he get his corporate sponsor prior to the start of last season? Especially if the 2011 season implodes and he's left holding an empty bag. Why waste the opportunity to get all that money upfront before the start of 2009? You know that Jerry isn't going to sell those rights, he's more likely to rent them for a specific amount of time and then start all over again and get more millions. So why waste the first year then?

It's obvious to you that he desperately needs the money, right?

And why aren't you entertaining the compromise that I came up with?

 

[zrinkill]

Z, I'm not really sure where you're going with this. We've already established Jerry as an excellent businessman, so I'm not sure what the point is here.

Good business men do not make business decisions based off of sentimental or old school philosophies.

Men who do that end of having to sell their team to good business men.

That is my point.

The last owner thought like you do ..... and its why he is the last owner.

[FONT=Verdana, Arial, Helvetica, sans-serif]In the days leading up to the sale, another potential buyer added $10 million to Jones' offer, but Bright told him he had already given Jones his word. [/FONT]

Another example of the mindset that forced him to sell the team in the first place.

(and here is the link to where I got that from .... so I do not get accused of stealing anything)

http://www.***BANNED-URL***/sharedcontent/dws/spe/2004/feb25football/bumbright.html

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[Draegerman]

Good business men do not make business decisions based off of sentimental or old school philosophies.

Men who do that end of having to sell their team to good business men.

That is my point.

That's not entirely true. Jerry could have just as easily moved the team to Little Rock for a larger profit base because he doesn't "make business decisions based off of sentimental or old school philosophies". Since he's such a great buinessman, I'm pretty sure that he could've convinced Arkansas to bend over and all their cash (plus change) would've come out their collective butts. But the fact is he does show a little respect for the Cowboys' esteemed history. For starters, he would not have commissioned the statue for Landry.

The last owner thought like you do ..... and its why he is the last owner.

That's not true because if he had thought like me (and possessed TA skills), he would've realized the stock market was overpriced and would've shorted his portfolio.

Another example of the mindset that forced him to sell the team in the first place.

(and here is the link to where I got that from .... so I do not get accused of stealing anything)

http://www.***BANNED-URL***/sharedcontent/dws/spe/2004/feb25football/bumbright.html

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Now that's not fair. I've never questioned your integrity (and I've known you for 10+ years now). I only asked Doomsday to provide the link because it appeared as if he was the one that wrote it. I was simply asking for clarification because I didn't think he had enough time to do it. Now I could've not cared any less whether he plagerized it or was, indeed, the true author - made no difference to me and I apologize if my intent was misconstrued.

 

[zrinkill]

Now that's not fair. I've never questioned your integrity (and I've known you for 10+ years now). I only asked Doomsday to provide the link because it appeared as if he was the one that wrote it. I was simply asking for clarification because I didn't think he had enough time to do it. Now I could've not cared any less whether he plagerized it or was, indeed, the true author - made no difference to me and I apologize if my intent was misconstrued.

That was a joke Draeg. (a poor one)

I am cutting out half inch steel on my waterjet (been doing it all day)and I am usually to blunt in my posts when I am switching back and fourth.

I apologize if I seemed antagonistic.

 

[Draegerman]

That was a joke Draeg. (a poor one)

I am cutting out half inch steel on my waterjet (been doing it all day)and I am usually to blunt in my posts when I am switching back and fourth.

I apologize if I seemed antagonistic.

No problem, bro. You've always had my 6 and I'll always have yours.

 

[theogt]

It's obvious that you want to go down this road with me because you seem to be taking me for an idiot.

Alright, I'll play.

Here's the post that I'm referring to, along with the excerpt that provided more clarification, (post #60):

http://cowboyszone.com/forums/showpost.php?p=3312408&postcount=60



That was posted 19 hours ago.

Now what you were quoting from me was (post #41):

http://cowboyszone.com/forums/showpost.php?p=3312296&postcount=41

That was posted 21 hours ago.

When you quoted me with your initial response (post #65):

http://cowboyszone.com/forums/showpost.php?p=3312566&postcount=65

That was posted 16 hours ago.


Okay, my point is this. You had a little over 3 hours to read the entire thread before you wrote your initial response to my first post regarding Jerry's worth. Instead of quoting the one that provided more clarification you opted for the one that didn't. I corrected you but you insisted on focusing on post #41 rather than post #60.

Now it would be perfectly understandable with you quoting post #41 if I had not written post #60 yet. But you didn't and that's why we're discussing a bunch of rubbish right now.

I didn't read all of them because I keep you on ignore. Now I recall why.