"Inching closer" to getting the JaMarr Chase deal done

[Luvnit2]

(Yesterday, 01:09 PM)SunsetBengal Wrote: 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.

I am. I routinely hit 15 to 20% when I had little to know debt. The Bengals 42 million loan service is likely at 3 to 4% as rates not long ago were under 3%. But let's just say it is 5%, that is only 2.1 million in debt service.

Let's say I am wrong and it is only 10% net profit. That means they made 45.6 million in profit - debt service of 2.1 million. That have pre-tax income of 43.5 million. If they pay 40% in federal taxes, they generated in one year 60% of 43.5 million or 26.1 million. I wish I knew their cash on hand. But, we all know profits and equity for NFL teams has skyrocketed the past 20 years. MB bought out majority of non family members over 20 years ago.

The Bengals are ne of the best financial management pro sports franchises in the world. What are they doing with 15 to 25 million a year in profit (cash)?Keep in mind every bonus they pay is in the calculation as an expense already accounted for in the profit number.

There is no way Bengals are cash poor. I would speculate the family has in excess of 250 million sitting in a bank and drawing interest.

Bengals have a great deal with te city (lease or rent). What major expenses do they have? A few ago they brought on a major sponsor for the stadium. My business wa a part of a group of almost 150 businesses. We sponsored the to the tune of over 200K per year for advertising. I left, but group still advertises. We are one group of many who the Bengals collect advertising dollars from to use towards expenses.