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FBT Behind the Curtain
      
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Posts: 65,879
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(10-07-2017, 05:53 AM)The Real Marty Wrote: (10-06-2017, 08:27 AM)FBT Wrote: With the lease agreement, he couldn’t just pull up stakes and move the team without opening up the books to a judge showing the team has lost money for three consecutive years. Either that, or they’d have to prove in the courts that the city has not fulfilled their obligation to maintain the stadium and facilities to match the needs of an NFL franchise. Since neither of those things are going to happen, the odds of the team moving are almost zero.
Naïveté requires one to ignore facts, which you’ve done an outstanding job of in this post.
The cost to move the franchise minus the relocation fee would be closer to $200 million. Considering Khan has all but pledged to invest $500 million into the city aside from the investments made for the team itself, his best position is to stay put, continue to pursue his vision for the team and this city, and turn Jacksonville into a market similar to cities like Nashville or Charlotte. That’s a far more likely approach.
BTW, Khan hasn’t agreed to give up two home games. He has expressed interest in playing back to back games in London. The team has said it would be a home/away scenario. The only sheep here are people like you who continue to perpetuate the notion that this team is destined for London, buying into the media narrative. It’s highly unlikely.
I agree with what you said, except for the part about the lease. My impression is that he has two options: walk away from the lease by paying the penalty, which does not require him to open the books, or, walk away without a penalty, which would require him to jump through hoops, prove he lost money, open the books, etc etc.
So, I may be wrong, but this is the way I remember it- he doesn't have to open the books if he pays the penalty, which as I recall would come to something like 100 million dollars.
This whole London deal- to me, the NFL would be much better off just rotating a slate of games through London with different teams playing there. It would give the fans over there a chance to see their favorite teams, provide profits for teams that are struggling to make money in their home cities, and alleviate the need to move a team there, with all the logistical and financial hassles of basing themselves over there. I don't know why the fans in London would want their own team, when they can in effect have all the teams.
And I'll repeat something I said before. People who think Khan would move the team to make money are ignoring the fact that, if you look at how Khan's net worth has risen since buying the team- it's gone up by 4 or 5 BILLION dollars since he bought the team- the guy is making billions of dollars selling bumpers. He doesn't need to move the team to make money. So I don't think money would be his motivation for moving the team. It would have to be some other reason.
He has to go to court against the city regardless. He can’t just walk away.
Never argue with idiots. They drag you down to their level and beat you with experience.
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