Dundon: AAF Could Fold without NFLPA Support

[Navin R Slavin]

Y'all need to read deeper.

No, we don't, because we don't actually care.

 

[Legionnaire11]

Rick Neuheisel, Arizona Hotshots not buying chatter of AAF's demise

 

[Legionnaire11]

No, we don't, because we don't actually care.

Could have fooled me...

 

[Navin R Slavin]

I mean, it's a curiosity. That's about it.

 

[Chrispy]

Could have fooled me...

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]

I heard that Dundon is going to lose his entire $250 investment -- but I'm pretty sure he can afford it.

Yeah, I haven't seen anything stating otherwise.

 

[GindyDraws]

Could have fooled me...

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.

 

[MinJaBen]

 

[Canes]

Should we continue to read deeper now?

 

[Wolfpuck]

$70 million? There goes Aho's extension.

 

[Finnish Jerk Train]

Ouch.

That was worse than I expected.

 

[MinJaBen]

I'm now curious what the internal cap will be next year. $70M would have covered any shortfall from attendance for several years.

 

[A Star is Burns]

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]

What in the world... just losing $70 million like that? That’s like a “fell for a Nigerian Prince scam” level of ROI...

 

[Canes]

What in the world... just losing $70 million like that? That’s like a “fell for a Nigerian Prince scam” level of ROI...

The investment never made sense in the first place. Definitely makes me question his judgment as a supposedly savvy businessman.

 

[Anton Dubinchuk]

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.

 

[Svechhammer]

What in the world... just losing $70 million like that? That’s like a “fell for a Nigerian Prince scam” level of ROI...

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]

lolwtf???

 

[Navin R Slavin]

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.

 

[A Star is Burns]

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.

 

[The Stranger]

 

[WreckingCrew]

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)

 

[Wolfpuck]

That's some predatory shit.

 

[Canes]

That's some predatory ****.

Not too surprising after you read how he made his money prior to owning the Canes though.

 

[A Star is Burns]

Like I said, smart move, dick move.