Navin R Slavin
Fifth line center
No, we don't, because we don't actually care.
Dundon: AAF Could Fold without NFLPA Support
- Thread starter GindyDraws
- Start date
No, we don't, because we don't actually care.
Navin R Slavin
Fifth line center
It's a concern when it sounds like your owner could lose $250M on another sports league.
When you learn it's nowhere near that much and he can probably recoup most of his investment if it came to that, it becomes much less of a concern.
RodTheBawd
Registered User
- Oct 16, 2013
- 5,529
- 8,604
GindyDraws
#HutchOut
I'm just reporting it 'cuz the owner of our bunch of jerks also happens to have put a stake into this boondoggle, and we just wanted to find out how much money he actually pissed.
Don't get me wrong; I'm for spring football, but people are all tuckered out after the Super Bowl, plus baseball has just started, and I wanna follow the Astros now.
Canes
Registered User
$70 million? There goes Aho's extension.
Finnish Jerk Train
lol stupid mickey mouse organization
Ouch.
That was worse than I expected.
That was worse than I expected.
I'm now curious what the internal cap will be next year. $70M would have covered any shortfall from attendance for several years.
- Dec 6, 2011
- 12,873
- 41,762
Word is he wanted some of the tracking and app technology and now he has it. Makes sense with the word that the founders aren't behind this. Dick move by Dundon, but smart I suppose.
Anton Dubinchuk
aho
What in the world... just losing $70 million like that? That’s like a “fell for a Nigerian Prince scam” level of ROI...
Canes
Registered User
The investment never made sense in the first place. Definitely makes me question his judgment as a supposedly savvy businessman.
Anton Dubinchuk
aho
The only reasonable explanation is that he’s now in a “screw it I want to play with sports toys” part of his life. He’s made a billion, maybe he’s done caring about making it grow and just wants to do fun stuff instead.
And frankly that’s unlikely given everything he’s ever said to the media about viewing the Canes as a good investment.
And frankly that’s unlikely given everything he’s ever said to the media about viewing the Canes as a good investment.
Svechhammer
THIS is hockey?
- Jun 8, 2017
- 25,491
- 92,955
When your net worth is over a billion and a half, you can take a $70m hit like a champ. Thats less than a 5% NAV hit, which he will probably make up on a good day in the markets.
Navin R Slavin
Fifth line center
Navin R Slavin
Fifth line center
Now I finally understand. This was a 100% tech buy.
https://api.platform.aaf.com/
This is what he bought. $70m to acqui-hire an engineering team. Very interesting.
And a total dick move to the other AAF folks, holy shit.
https://api.platform.aaf.com/
This is what he bought. $70m to acqui-hire an engineering team. Very interesting.
And a total dick move to the other AAF folks, holy shit.
- Dec 6, 2011
- 12,873
- 41,762
Again, it's possible that this was his plan all along to get what he wanted. The $70 million may mean nothing if he thinks he can make more off of this type of thing long term.
WreckingCrew
Registered User
- Feb 4, 2015
- 13,483
- 41,174
He's "losing" $70M, but guarantee with the tax write-offs and such he'll barely lose a dime...it's why rich folks like him can afford to take chances...that and the fact that if your net worth is > $1B it's a much smaller loss in relative terms (my 401K has tanked harder percentage-wise than that the past few months)
Canes
Registered User
Not too surprising after you read how he made his money prior to owning the Canes though.
- Dec 6, 2011
- 12,873
- 41,762
