Dude, do you even go to games? The stadium has been full every week up until now. There were plenty of people there, they left and were inside. You sound stupid. Jacksonville is stable, stop trolling.

 

DUDE BROOOO YES

 

one of the reasons I started this thread was just looking around and seeing empty seats and opposing fans outnumbering us in some areas.

 

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DUDE BROOOO YES

 

one of the reasons I started this thread was just looking around and seeing empty seats and opposing fans outnumbering us in some areas.

 

 

I was sitting in the club area, and what happened was, people showed up without rain gear, it rained, and everyone went inside.   I had a parka, but believe me, almost no one in the club seats showed up with any kind of rain coat or parka.  

 

The forecast was for low 60s with a 10% chance of rain.   A pretty nice day to watch a football game.   So when the temperature went into the mid 50s and it started raining, it's like, yuck.   We live in Jacksonville.   We're admittedly pretty soft and spoiled when compared to NFL cities up North.   So shoot us.    At least we bought tickets.    Tickets for a 2-10 team, I might add, which was 4-12 last year and, what, 2-14? the year before.   We bought tickets and we showed up.   Some of us just neglected to bring a raincoat. 

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Tickets are being sold.

http://espn.go.com/nfl/attendance

 

Why would anyone bother to look this up though when they can draw ridiculous conclusions?

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What does it take?  The team will need to buy out of the lease and Khan would need to open his books showing a loss for a few years.

 

Look around.... That is certainly happening this year if you look at the stands.  This team cant be making a profit.  I mean, I would be extremely surprised if it is.

 

Also, consider all the equipment and renovations (locker room, sound system, video board) that Khan has spent money on.  That will result in a TON of depreciation expense on the books, which will only add to the loss.  Perhaps that was part of the plan.

While this is a somewhat good thought, I don't think Khan is interested in moving at this point. A couple years ago I really feared it. But J-ville still sells out, he just won't have a case.

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Yes, it's improvement, but it's Blaine Gabbert 2012 level improvement. - Pirkster

http://youtu.be/ouGM3NWpjxk The Home Hypnotist!

http://youtu.be/XQRFkn0Ly3A Media on the Brain Link!
 

Peyton must store oxygen in that forehead of his. No way I'd still be alive after all that choking.

 

If I'm not mistaken, the TV Revenue was voted to be divided up more evenly profiting the small market venues vs the BIG market venues...


NH3...

 

Unless something has changed, TV revenue is divided equally among the 32 teams. General ticket sales are split between the two teams (something like 70-30 ?). The big difference in revenue are things like club seats, preseason TV, radio revenue, stadium naming rights, sales of jerseys and other memorabilia, concessions and parking. It was a topic of discussion during the last contract negotiations that the Cowboys and Redskins had about twice the total revenue of the Jags and Bengals.

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"Why should I give information to you when all you want to do is find something wrong with it?"

The money Khan invested in scoreboards, locker rooms, et. al. is known as "lease hold improvements" and he does get credit for depreciation on these assets to hold the lease. In my original restaurant I bought new air conditioning units because the existing ones didn't cool it to my satisfaction.  The building owner wouldn't purchase new ones because he didn't think they were necessary. I was able to depreciate the ones I bought for his building.

 

As far as the lease itself goes, as long as he pays the rent he's fulfilling the obligations of his lease as far as I can tell. When Weaver owned the Jags the lease agreement had a clause in it that required the Jags to play all their home games at Everbank Stadium, but we now know that clause has been amended since Khan is playing home games in London. It's my estimation Khan could move the team and still pay the rent at Everbank without having to open his books.

 

Regards.........................the Chiefjag

 

This...under US GAAP, leasehold improvements are capitalized by the lessee and depreciated over the shorter of the useful life of the asset or the lease life.  So he'll actually take all of the depreciation expense.

 

Having said that, I don't think it's some big conspiracy theory, I think he's pretty committed to this city.  I think he wants to be known for transforming Jacksonville and making his stamp on this city.

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This has to be the silliest topic I have seen on this board.

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;

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This has to be the silliest topic I have seen on this board.

 

I don't know.. ive seen some doozies

 

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This...under US GAAP, leasehold improvements are capitalized by the lessee and depreciated over the shorter of the useful life of the asset or the lease life.  So he'll actually take all of the depreciation expense.

 

Having said that, I don't think it's some big conspiracy theory, I think he's pretty committed to this city.  I think he wants to be known for transforming Jacksonville and making his stamp on this city.

 

Right, but in this case Khan did not pay for it all himself.  Perhaps the Jaguars just capitalize the portion they paid for.  If not, then its probably all expensed in the year spent.

 

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I think fans didn't want to catch pneumonia

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I think fans didn't want to catch pneumonia

 

soft

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Right, but in this case Khan did not pay for it all himself.  Perhaps the Jaguars just capitalize the portion they paid for.  If not, then its probably all expensed in the year spent.

 

 

No, he would have to capitalize it and depreciate it over the life of the asset.   So if the scoreboard is expected to last 20 years, and he spent 20 million dollars on it, he would expense about 1 to 2 million a year depending on what depreciation method he is allowed to use.   Depreciation can be complicated, but he would definitely not be allowed to expense it all in one year.  

 

The depreciation expense wouldn't be a lot of money compared to the team revenue and expenses.  It's not enough to couldn't cause them to run a loss. 

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No, he would have to capitalize it and depreciate it over the life of the asset.   So if the scoreboard is expected to last 20 years, and he spent 20 million dollars on it, he would expense about 1 to 2 million a year depending on what depreciation method he is allowed to use.   Depreciation can be complicated, but he would definitely not be allowed to expense it all in one year.  

 

The depreciation expense wouldn't be a lot of money compared to the team revenue and expenses.  It's not enough to couldn't cause them to run a loss. 

 

I know how depreciation works.  However, the Jaguars are not going to be depreciating assets that they don't own.  Like I said, perhaps they depreciate the portion they paid for.  The city paid for the bulk of the improvements.

 

You are also not taking into account accelerated depreciation methods that could possibly be used for something like a video board.  So if the Jaguars are depreciating this stuff, that doesn't necessarily mean they are using the straight-line method.  I mean, who knows what the useful life of a 100 ft video board is anyway?  It's definitely not "decades" like some here assume.  The only things that have that long of a useful life are houses and office buildings.

 

Fixtures (locker room) are generally 7-10 years, which WOULD result in pretty significant depreciation expenses no matter what method you use.

 

The swimming pools are probably 15 years.

 

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I know how depreciation works.  However, the Jaguars are not going to be depreciating assets that they don't own.  Like I said, perhaps they depreciate the portion they paid for.  The city paid for the bulk of the improvements.

 

You are also not taking into account accelerated depreciation methods that could possibly be used for something like a video board.  So if the Jaguars are depreciating this stuff, that doesn't necessarily mean they are using the straight-line method.  I mean, who knows what the useful life of a 100 ft video board is anyway?  It's definitely not "decades" like some here assume.  The only things that have that long of a useful life are houses and office buildings.

 

Fixtures (locker room) are generally 7 years, which WOULD result in pretty significant depreciation expenses no matter what method you use.

 

The swimming pools are probably 15 years.

 

 

I wasn't implying that you don't know how depreciation works.  Obviously, you do. 

 

I think these would be leasehold improvements.   Those would be depreciable, even though they don't own them (in the sense that they cannot remove them and take them with them).   In no way do I see the $20 million for the scoreboards as an item that could be expensed all in one year.   It's not a repair. 

 

I'm not questioning your knowledge.   This is just my opinion. 

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Stupidest thread ever.

 

Consider the source.  Stupid is as stupid does.

 

I'd say he's rather happy with his investment financially.  After all, we've moved from 32nd in merchandise sales to 9th.

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"You do your own thing in your own time. You should be proud."

Consider the source.  Stupid is as stupid does.

 

I'd say he's rather happy with his investment financially.  After all, we've moved from 32nd in merchandise sales to 9th.

 

Waaait a minute.   9th in merchandise sales?   I doubt that. 

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Waaait a minute.   9th in merchandise sales?   I doubt that. 

I believe that number was thrown out referring to sales of merch in London.

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Looking to troll? Don't bother, we supply our own.

 

 

I wasn't implying that you don't know how depreciation works.  Obviously, you do. 

 

I think these would be leasehold improvements.   Those would be depreciable, even though they don't own them (in the sense that they cannot remove them and take them with them).   In no way do I see the $20 million for the scoreboards as an item that could be expensed all in one year.   It's not a repair. 

 

I'm not questioning your knowledge.   This is just my opinion. 

 

I would bet the Jaguars capitalize their portion of the payment and the city capitalizes their portion spent.  I just know that you cant have two entities (city and Jaguars) depreciating the same property for the full cost.

 

I was thinking Jaguars expense it all if they consider the money spent on the improvements as a "donation" to the city.  Then the city capitalizes the full cost of the assets.  But I don't know.

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I don't know about 'moving the team' and all the business rhetoric involved with contracts, leasing, depreciation, and so on. To be honest, I just don't worry about it, I've got other things more worthy of my attention. As far as the stadium is concerned, I view all the new 'stuff' as distractions from what the core fans really wanted at Everbank stadium... a winning home team! As it is, the pools and cabanas are only for a very few to enjoy; tough luck for the rest of us.

 

The one thing that would be an improvement that ALL of us could enjoy would be a covered stadium. I have no reason to expect it to happen as I think the city would probably have to help foot the bill and the money just isn't there for it. It's just my thought on what would have been a very pleasant upgrade for all of us to enjoy. Maybe one with the top that can be mechanically opened and closed to keep the seats out of the direct intense sunlight or fully closed on rainy days. The two sides of the world's largest billboard/scoreboard that isn't used so much could be used to show shots of the river and ocean on sunny, hot game days. Of course when fully closed during anticipated hot weather, the stadium would be fully air conditioned for the comfort of the fans.

 

That would be the one thing (outside of actually having a winning team...) that would make coming to the stadium more desirable than staying home and watching games on the television. As it is, unless your fortunate enough to get seats so that you are in a shaded area on the west side of the stadium during the hot months during the 1:00pm games, you can count on being uncomfortably hot and getting sunburned, as well as having to deal with the glare of the sun during most of the game. Given the teams losing ways over the past seven years or so, why suffer in an uncomfortable environment and pay good money to watch a sub-par product on the field?

 

Of course, an alternative is for the team to have a winning season for a change... now that would be worth going out and getting dehydrated and getting my bald head scorched for! Then again, it might be easier to cover the stadium...

 

Just my thoughts on this stuff. Like I said, I've got bigger fish to fry than worrying about the Jags moving to London.

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I y'ams who I y'ams and thats all I y'ams...

Consider the source.  Stupid is as stupid does.

 

I'd say he's rather happy with his investment financially.  After all, we've moved from 32nd in merchandise sales to 9th.

 

This topic is above you.  Go to the "One word" thread in the sideline and you could probably follow along.

 

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