"Inching closer" to getting the JaMarr Chase deal done

[SunsetBengal]

(Yesterday, 12:55 PM)Luvnit2 Wrote: Here is an update from last full year for Bengals finances 2023. I am not sure their actual net income, but it is likely a very high number. If you look the one thing that is huge is their debt is only 2%. I have mentioned in the past Bengals could easily get loans. A bank in business will normally give a healthy business great loan rates for up to 75% of their equity. Bengals could borrow a ton of cash if needed to front load contracts with huge bonuses. 

Since debt is low, it is likely profit (net income) is in the 25 to 30% range. If so, Bengals on low end made 136 million dollars in 2023. If they are making over 100 million a year, cash should not be an issue. Butif it is, they have a ton of equity they could leverage for player contracts.

https://www.cnbc.com/2024/09/05/nfl-valuations-2024-cincinnati-bengals.html


Valuation: $5.25 billion
Revenue: $546 million
EBITDA: $42 million
Debt as a percentage of value: 2%

Franchise history
Owner: Mike Brown
Year purchased: 1967
Purchase price: $8 million
Stadium: Paycor Stadium
Paid attendance for 2023 regular season: 594,361

Aren't you a former business owner? 25% profit in any industry is just plain crazy. I work in Surveying and Engineering where an 8% net profit is cause for celebration.