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Brunell on ESPN. Anybody watch? Heard he said Jaguars appear headed to LA or London.
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If anyone thinks it will take 3 years of losses to allow Shad Khan to break the lease permitting him to move the team is ridiculously naive. He's already broken the lease by playing in London, how hard was that? I don't know exactly what the lease fee is but I've heard it's $3 million per year. If there are 17 years left on the lease then he would owe the city $51 million in lease payments.
Now, given he will be here at least for 3 more years since he's committed to only one game in London, his lease payment will be $45 million. If he were to move the team to London, or L.A., the team would immediately be worth $1 billion or more. That would be an increase of $250 million in equity from what he paid. More than likely, if he were to move the team, the other NFL owners would pick up part of that lease payment for him since the additional revenue he would receive from such a move would trickle into their pockets as well. The most valuable asset we have to keep the team here is ourselves. If we show up and support the team we'll have the NFL Relocation Committee in our corner. After the Cleveland to Baltimore fiasco the Relocation Committee instituted a clause in their by-laws that prohibits a team from relocating if it is breaking a lease with it's city. If we support the team by selling out the stadium, it will be difficult for the Relocation Committee to bless a move. We have a stake in this. Don't pretend there is nothing we can do to prevent a move. Regards.................the Chiefjag |
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