- May 27, 2007
- Reaction score
- Granite Creek
Rappaport also talked about this on McAfees show as well...and he said that expect EVERY team to start spending over the cap consistently with the new TV deal because the money is going to grow so much.xc_hide_links_from_guests_guests_error_hide_media
I posted this on this thread but there are levels to ownership and Bidwill is nowhere near the level of Kroenke. Kroenke wrote a $60M bonus check just to Matthew Stafford alone already, plus whatever he is giving in bonuses to Kupp, Donald, etc. I don't think Bidwill has $60M lump sum available to give to Murray in a potential contract extension now. The dude in video even says that only guys like Kroenke & Jerry are able to do this kind of cap manipulation.
Yeah, I previously checked about 6 sites before I posted. They were anywhere from 1.2 B to 3.4 B but I think what you posted is closer to the truth. The money is still there, regardless.
Liquidity is still a choice. Most of us that own a home could easily refinance or do a home equity line of credit if we wanted to.Net worth does not equal liquidity
To some extent yes.Liquidity is still a choice. Most of us that own a home could easily refinance or do a home equity line of credit if we wanted to.
What do most people have to do to start a business let's say? Borrow against their only asset (their home) in order to fund it. 'Poor' owners could do exactly the same thing if they wanted to.
I'm sure most of us realize that, and even have pointed it out multiple times, but it gets overlooked.To some extent yes.
It gets more complicated if you’re not the sole controlling interest
Along with my siblings we inherited the family farm. Technically it’s an asset that I own. However the terms of the trust require that 75% of the owners agree to any sale or pledging of the asset in order to borrow against. V
So the reality is that other than a small check every year even though the balance sheet shows this large asset it does me no good as far as liquidity goes.
And then if you’re trying to borrow year after year to keep up with the real billionaires you run into issues not only the cost of capital but the willingness of lenders.
It seems a few of you are just stubborn about the concept that someone like Kroenke who has billions and billions outside of the Rams has a much easier time raising capital then a owner like the Bidwill‘s or Mike Brown of there Bengals whose wealth is tied 100% with the Cardinals.