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The Bengals Will Need A New Stadium
#49
(05-05-2022, 10:47 PM)TheLeonardLeap Wrote: It's a different time now from when the Paul Brown Stadium deal was made. Here's the NFL stadiums opened since 2010 by % of total cost being publicly funded...

Rams/Chargers: 0%
Jets/Giants: 0%
49ers: 9%
Falcons: 17%
Raiders: 38%
Vikings: 45%

...Mike Brown is going to have to pony up huge amounts of money if he wants a new stadium. If he wants to move, he'll have to pony up even more, so that threat rings hollow. Having a good run for 1 year out of 31 doesn't suddenly give you "a position of power" to get hundreds of millions/a billion dollars from taxpayers.

Nobody is going to look at the 11yr/$110b TV rights deal they just signed and think "oh hey, these guys need OUR tax dollars". That's not even counting all their tickets, merchandise, concessions, gambling money, sponsorships (the NFL got $1.8b in sponsorship money in 2021)...

In 2001, the NFL had about ~$4b in revenue. In 2019, that number was ~$16b, before the new $10b/yr TV rights deal. The tolerance for paying for stadiums for a league that will be raking in WELL OVER $25b/yr in revenue by 2023 is small and getting smaller every year.

The Raiders are also a historically a cash poor team and had no issues coming up with their share of the stadium funds or relocation fees.  The other owners also go a lot easier on the cash poor teams when it comes to those relocation fees.  The Raiders paid half of what you're talking.  Not to mention that Brown could just build the stadium across the river or in another Ohio county and avoid relocation fees altogether while depriving Hamilton County of the tax revenue from the team and it's employees.  Team revenue is also going to jump with the new tv deal and he could sell minority shares(which would be a hot commodity right now) if he desperately needed quick cash.  Brown isn't stuck, by any stretch.  

It isn't going to come to that, though.  He doesn't want to move and the county doesn't want him to move.  Both parties have been working on an agreeable split of costs for awhile now.
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Messages In This Thread
RE: The Bengals Will Need A New Stadium - IcoHolic - 04-29-2022, 04:13 PM
RE: The Bengals Will Need A New Stadium - Whatever - 05-05-2022, 11:34 PM

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