Accused of being a Cyber Terrorist by Joe Newman.
This league (NIFL) is like a frickin' cockroach. You could throw a nuclear bomb at it and it would still survive
So I'd rather spend a quarter of an ABA franchise to repair my car, as opposed to spending a franchise and a half to get a new car that might have some planned obsolescence that causes it to break down 5 days after the end of the warranty period.
-Chuck the Writer
Apparently, the team never had suitable funding capital from the get-go to cover their current balance sheet projections assuming pessimistic attendance levels?
I do know in the USFL the owner of the Chicago Blitz (second season) flatout walked away literally when no one called about getting season tickets during a "Putting on the Blitz (Ritz)" TV advertisement campaign. The remaining owners throughout the league subsidized the team. We know that from the book The $3 Dollar League. Perhaps in a similar way this also happened with the Titans?
Perhaps a significant Titan investor walked away that we don't hear being discussed in the online article. The balance sheet assumed that particular investor would stick it out regardless?
Marshal! http://www.youtube.com/watch?v=8PbIlQYR1Qs LAAAAAWWWWWW!!!!
Florida State seems to fill that building sufficiently.
Question: how many concerts does that building draw?
I think that statement is an overreach... not so much because there aren't places where that isn't true, but because NO TWO SITUATIONS ARE THE SAME. Certain anti-tax people like to dramatize the problem amongst the 20% when there's 15% doing excellently, 40% doing alright, and another 25% that's great one year and crap the next.
After talking to a few people that own teams, they basicly stated the same thing I first though, with 4700 tickets sold, and them not being able to make payroll, I would think its a safe bet that the rent would have to seem high.
With a 3 year lease though, I think the owners of the arena would have lots of incentive to help the team survive, but then a $75K deposit is pretty much unheard of in this industry.
Hoping the owner would convince the city to give some of that astronomical deposit back to allow them to operate or attendance picks up.
I thought I had a bad lease.. Jees
They dont have a clue!!!!!!!!!!!!!!!!!!!!!!!!! Another Andrew Haines.
Keep bring on teams guys that cant pay the players....