MLFB calls off 2016 season

dmbishop
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Post by dmbishop » Thu Mar 31, 2016 9:37 pm

Somebody took a chance that it bottomed out and bought right before the close. Must have been a decent purchase too to make the price spike like that.

Unfortunately it will be a long term purchase. No way the price rises significantly until they start making "announcements" in the fall/winter.

Dave

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Aaronhere
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The letter which was pulled off Facebook...

Post by Aaronhere » Thu Mar 31, 2016 9:50 pm

Image
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Post by Renandpat » Thu Mar 31, 2016 10:52 pm

[quote=""Sam Hill""]These people are indefatigable. From Facebook:



These people are full of ****.[/quote]

They are likely going somewhere, because those at Lakewood Ranch are now going to want BACK RENT!

Remember those grants from Manatee and Sarasota Counties are are going to turn into bills due because they failed to create jobs and pay for hotel nights.

Ironically, Chandler still blames Claremont, but Murtha claims that the Asian Global line of credit still exists.
Murtha said MLFB still has a $100 million line of credit agreement with Asian Global Capital LTD with $20 million in equity funding.

Murtha said the only factor that has changed is that there won't be any games in 2016. There still will be activities in Manatee and Sarasota counties, he contended, though he would not specify what those might be.

"We canceled the season because of three concerns: the quality of the product on the field, the health and safety of the players, and not enough time to condition and train the players," Murtha said.

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Sam Hill
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Post by Sam Hill » Thu Mar 31, 2016 11:57 pm

Again, nonsense.

The quality was going to be crap anyway because these players aren't good enough and aren't likely to be.

How the players' health and safety was going to be more compromised by playing fewer games (one option) is beyond me.

And how was there "not enough time" when YOU HAD NOT RELEASED A SCHEDULE. AT ALL?

They cancelled it because they had no funding. Martha is a huge, huge liar.
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Post by suge night » Fri Apr 01, 2016 1:29 am

This is why the charade will continue, they have no option.

Fraudulent Misrepresentation

Under contract law, a plaintiff can recover against a defendant on the grounds of fraudulent misrepresentation if (1) a representation was made; (2) that was false; (3) that when made, the representation was known to be false or made recklessly without knowledge of its truth; (4) that it was made with the intention that the plaintiff rely on it; (5) that the plaintiff did rely on it; and (6) that the plaintiff suffered damages as a result.

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Post by Fran » Fri Apr 01, 2016 2:38 am

Is American Sports Network going sue for breach of contract or did they actually have to Major League Football

http://americansportsnet.com/mflb-cance ... 7-kickoff/

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Post by preeths » Fri Apr 01, 2016 2:54 am

Ignoring the doomsday economics that is part of the scenario for any developmental football league without the NFL's support, logistics alone dictated this was a no go months ago. They had announced nothing but a general plan. They had no cities named, no stadiums, so they hadn't sold ticket one or any sponsorships. You can't just throw this out to the public and expect it to stick in a matter of weeks. It was ridiculous for them to take it this far. Only the chronically naive followed them this far and expected any positive news.

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Sam Hill
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Post by Sam Hill » Fri Apr 01, 2016 3:25 am

[quote=""preeths""]Ignoring the doomsday economics that is part of the scenario for any developmental football league without the NFL's support, logistics alone dictated this was a no go months ago. They had announced nothing but a general plan. They had no cities named, no stadiums, so they hadn't sold ticket one or any sponsorships. You can't just throw this out to the public and expect it to stick in a matter of weeks. It was ridiculous for them to take it this far. Only the chronically naive followed them this far and expected any positive news.[/quote]

"All right, but still....I really, really, really want to play football. Doesn't that outweigh everything?"
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Post by Fran » Fri Apr 01, 2016 10:37 am

http://www.bradenton.com/sports/article69186282.html

From the beginning, MLFB appeared to be dealing with substantial debt, according to filings it made with the federal Securities and Exchange Commission. But league officials said those filings did not reflect the true stature of the league, which they said is financially solid.

"I think everybody was shocked. A lot of guys were counting on this opportunity. I know I was," said quarterback Stephen Garcia, the franchise player for the Florida team. "But I am an optimistic person, and I am optimistic about 2017. Things happen, and you have to move on."

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Sam Hill
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Post by Sam Hill » Fri Apr 01, 2016 1:09 pm

[quote=""Fran""]http://www.bradenton.com/sports/article69186282.html

From the beginning, MLFB appeared to be dealing with substantial debt, according to filings it made with the federal Securities and Exchange Commission. But league officials said those filings did not reflect the true stature of the league, which they said is financially solid.
[/quote]

So, wait...your SEC filings were not truthful?

When the Texas guy pulled out, they said "No problem, we have other sources of funding."

Asian Capital popped up and nothing. (Though Murtha says they still have that financing, in which case, why not play?)

These guys have not said anything that was true, yet the dumb jocks believe them when they say they're going to play in 2017.

Hey, players report to NAFL camps on the 19th!
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