Quote:And even more encouraging was that it looks like the Jags were 24th in revenue in 2013. I think that has to be an improvement over prior years. I would guess the London game helped and because of that I can see one game a year in London being extended. I would expect we will see even more of a bump in the 2014 revenue with the addition of all the premium seating this year along with increased advertising from the new video boards. All positive in my mind.
It will continue to improve as long as the product on the field does as well.
Quote:But the Dow probably has less than a 2% dividend yield. The increase in franchise value does not include the profits Khan has made on the team in the 2 years.
So he still could have made more on the Jaguars than if he had invested in the Dow Jones Index.
Holy crap, I just read the article and it says "operating income= $57 million. That means In addition to the increase in franchise value, Khan has also pocketed over $100 million in income. So he not only has $205 million in increased franchise value, he also has the $100 million in income. So 305/760 = 40%
Operating income doesn't mean Net income.... There's a little thing called taxes out there along with depreciation... NFL teams get most of their dough from TV which is spread equally... The vast difference in franchise values comes from local revenue where the Cowboys probably have 4-5 times the Jags since they get equal national TV money...
Quote:Operating income doesn't mean Net income.... There's a little thing called taxes out there along with depreciation... NFL teams get most of their dough from TV which is spread equally... The vast difference in franchise values comes from local revenue where the Cowboys probably have 4-5 times the Jags since they get equal national TV money...
Actually, Doug, there's an even bigger potential flaw in my computation, and that is, unless they paid out their operating income in the form of a dividend or other distribution to Shad Khan, then it's possible that I am counting the income twice, because it may already be included in the franchise value.
Sort of like if someone makes $100 and puts it in the bank, they have a net worth of $100, but then someone like me comes along and says, hey, not only does he have a net worth of $100, he also made $100, so he really is better off by $200. Which of course is not true.
Quote:Actually, Doug, there's an even bigger potential flaw in my computation, and that is, unless they paid out their operating income in the form of a dividend or other distribution to Shad Khan, then it's possible that I am counting the income twice, because it may already be included in the franchise value.
Sort of like if someone makes $100 and puts it in the bank, they have a net worth of $100, but then someone like me comes along and says, hey, not only does he have a net worth of $100, he also made $100, so he really is better off by $200. Which of course is not true.
The value of the franchise has increased, yes?
The profits the team is enjoying have increased, yes?
You bean counters just can't help but bore the snot out of people.
Yay! The team is improving!
Quote:Also, Khan has sunk a lot of his own money into stadium upgrades and marketing. That money has to be subtracted from the operating income. Presumably, some of the increase in value is because of those upgrades.
They also generate income from many of the items that Khan paid for.
Quote:The value of the franchise has increased, yes?
The profits the team is enjoying have increased, yes?
You bean counters just can't help but bore the snot out of people.
Yay! The team is improving!
You remind me of my former boss. I'd go in all ready to give him a detailed report of cash flow, projected income and expenses, and where that would leave us for the next fiscal year, and he'd always stop me and ask, "Do we have any money in the bank?" I would say yes, and he'd say, "That's all I want to know."