10-04-2016, 07:16 PM
(10-04-2016, 06:48 PM)J24 Wrote: Your fooling yourself if you think that. Cities care about the prestige of owning a team and with the browns moving a year earlier Brown new he could get what ever he wanted from the city. Meanwhile the guy can't even figure out how get a business to pay for the naming rights to the stadium. When he is in a city with multiple big cooperations in it and a city in which has a booming tech industry. The Bengals should be worth at least 2 billion but because he is such a bad businessman its worth only a billion in a half.
You just proved my point. Knowing when to exert tangible leverage is a key component in business management. Presenting to the customers that this is a product they want and need (the franchise), and as you said the "prestige" of having an NFL team in Cincinnati, and showing the customers that the only way to have the product here and close is to shell out the necessary financial assets, or else a move will be imminent as seen in Cleveland. All the while making sure that the vast majority of financial risk lies with anyone else besides the franchise itself.
Yeah, terrible business insight.
As to the second highlighted part, I would argue given the relative small market size of the city in which it operates, the Bengals being worth "only a billion in a half" speaks to his business acumen.
