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Gang of 9

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Old 02-23-2006, 09:47 AM   #14
BrudLee
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Re: Gang of 9

Lost in this is the fact that every single team that owns its own stadium is on the list. The revenue for these teams is higher because their investment is greater.

The Redskins can maximize their revenue on gameday in a way that the Ravens (for example) can't. The leased space in FedEx doesn't go to some state Stadium Authority, or to some third party landowner, it goes to the Washington Redskins. That is what makes the Skins more valuable than, say, the Ravens, whose M&T Bank stadium was funded through a combination of proceeds generated from the sale of tax-exempt revenue bonds, debt service paid by lottery proceeds and the Ravens.

Should the Ravens, who don't have the same responsibilties (financial or otherwise) in their stadium have the same stadium revenue as the Redskins? Nine teams don't think so. Neither does the budding capitalist in me.

PS - this isn't a crack on the Ravens or their fans. Don't get your Googles in a bunch.
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