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Remember when we talked about what it would take to relocate?
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It was reported in 2011 it would cost roughly $100 million to move the Jaguars before 2030 unless the ownership could show one year of losses and it was below the league revenue average two consecutive years. Think about this. The single year of losses would not be hard for Khan to show (if he had losses), but to show it was below league revenue average would require the other owners to open their books. That ain't happening.
Now, if it would cost the team $100 million over the next 20 years (from 2011) then that's roughly $5 million per year. Then, moving the team 5 years later (2016) would cost the team $75 million. Khan paid $760 million for the team but it's been estimated any team in L.A. would immediately be worth $1.4 billion (the Buffalo Bills just sold for $1.1 billion). That would be a $640 million increase in value for a $75 million dollar expense. Who wouldn't do that deal? I'm not suggesting Khan is moving the team. What I'm indicating is the lease deal with the city would not be a deterrent if he wanted to pay off the lease and move. Regards........................the Chiefjag |
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