RodTheBawd
Registered User
- Oct 16, 2013
- 5,529
- 8,604
One alternative outcome to Dundon not stepping in was people not being paid for work they had actually completed and the league folding immediately.
Dundon: AAF Could Fold without NFLPA Support
- Thread starter GindyDraws
- Start date
One alternative outcome to Dundon not stepping in was people not being paid for work they had actually completed and the league folding immediately.
Real talk, I could see Dundon's predatory methods and "my way or the highway" mentality coming back to bite us in the ass in the future.
I mean, he did a shitty thing on purpose, 6 weeks later than the previous owners would have been forced to do a shitty thing due to poor management... I don't see how it really absolves him at all just because he "helped" for a little bit.
- Oct 31, 2007
- 40,645
- 47,253
Because those same people/fans got paid/entertainment for 6 more weeks than they would have otherwise?
HisIceness
This is Hurricanes Hockey
I'm sorry the league is shutting things down but Football outside NFL/NCAA and the small towns with the powerhouse high school program has always struggled to some degree. Even the Arena League folded after something like 20 years (Anyone remember the Carolina Cobras?)
I have to ask. In seeing the money the guy just lost. Could this affect his ownership on the canes? In reading a few pieces that just came out sounds like a few people will be coming after him for money, Several players are already talking about suing for breach of contract. This could get ugly
Doubt it would be that much they could sue for; the payroll of the entire league was less than one NFL team.
If he was chairman of the board with power to make these decisions, there's not much they can come after him for after he bailed out the league financially in the first place.
the numbers I am seeing is that he stands to lose over 70 mill? I realize this is unfolding in real time right now--so we wont know the full affect for awhile
BrindAmours Army
JFW
- Dec 30, 2013
- 1,932
- 2,955
I've got 0 issues with what he did/appears to have done. He bought a company that was going to go under, gave it a few weeks to save itself, and then trimmed off the fat so that the valuable part of the business survives.
If he bought the league to have the league, then yeah, he would be out about $70,000,000. If he bought the league to have the software, then he has only lost whatever the running losses have been since he took over.
If he bought the league to have the league, then yeah, he would be out about $70,000,000. If he bought the league to have the software, then he has only lost whatever the running losses have been since he took over.
Last edited:
The entire league had $70K salaries. The coaches had $500K salaries.
That's $4M for the head coaches and another (70K * 52 players * 8 teams) = $29.1M total for the players for the full season.
And Dundon didn't fund the league the first week and the last 2 weeks were cancelled.
That's $4M for the head coaches and another (70K * 52 players * 8 teams) = $29.1M total for the players for the full season.
And Dundon didn't fund the league the first week and the last 2 weeks were cancelled.
Finnish Jerk Train
lol stupid mickey mouse organization
If you think he bought a football league, then he lost $70m.
If you think he bought a tech company masquerading as a football league, then it's way too early to tell how much he lost or gained.
If you think he bought a tech company masquerading as a football league, then it's way too early to tell how much he lost or gained.
Navin R Slavin
Fifth line center
It amazes me that no one in the press has really connected these dots. This was a tech acquisition. It's all right there on Crunchbase. The media is dumb.
Navin R Slavin
Fifth line center
Canes
Registered User
I'm sure some have figured it out.
But the headline that embattled Canes and AAF owner Tom Dundon loses $70M/250M is better than having to try to explain the tech angle. Because NERDS and all.
Except skip my posts, because I have no idea what I'm talking about.
Finlandia WOAT
No blocks, No slappers
- May 23, 2010
- 24,416
- 24,692
If the nflpa wasnt budging the tech was worthless.
Its like State of the art nhl player tracking equipment designed to accurately map 57 player statistics and compare them real time to the aggregates from nhlers with the aim of projecting future nhl success being used on echlers.
This was the aafs ace in the hole. They needed nfl involvement to survive. And dundon wasnt publically bitching about nfl owners involvement...
Dundon, i know some schmuck reads these boards. Patent this to the nhl, then dickishly announce its all for the Hurricanes, and ill buy season tickets for next year. #bunchofjerks
Its like State of the art nhl player tracking equipment designed to accurately map 57 player statistics and compare them real time to the aggregates from nhlers with the aim of projecting future nhl success being used on echlers.
This was the aafs ace in the hole. They needed nfl involvement to survive. And dundon wasnt publically bitching about nfl owners involvement...
Dundon, i know some schmuck reads these boards. Patent this to the nhl, then dickishly announce its all for the Hurricanes, and ill buy season tickets for next year. #bunchofjerks
Joe McGrath
Registered User
- Oct 29, 2009
- 18,531
- 39,911
I heard Bill Polian on the radio this morning and he had nothing but good things to say about Dundon. Maybe he was being diplomatic, but he basically said they tried to beat the XFL to the market because 2 leagues won’t work and they didn’t build the infrastructure fast enough to make it work and that TD came in and pointed out a lot oof the things that needed to be fixed.
Now is all of this a little scary for a Canes fan? Yeah. He isn’t interested in losing money. If his investment is bleeding cash he isn’t afraid to cut it off if he doesn’t see it correcting, swiftly. That’s bad for a small market team that usually sucks. Espescially when he already wants a new building. He’s done waaaaaaay more to dispel the notion that he would move with what he’s done so far than Karmanos ever did, but sunk costs don’t bother this guy. Until they sign a new long term lease I have my guard up.
Now is all of this a little scary for a Canes fan? Yeah. He isn’t interested in losing money. If his investment is bleeding cash he isn’t afraid to cut it off if he doesn’t see it correcting, swiftly. That’s bad for a small market team that usually sucks. Espescially when he already wants a new building. He’s done waaaaaaay more to dispel the notion that he would move with what he’s done so far than Karmanos ever did, but sunk costs don’t bother this guy. Until they sign a new long term lease I have my guard up.
RodTheBawd
Registered User
- Oct 16, 2013
- 5,529
- 8,604
Navin R Slavin
Fifth line center
- Dec 6, 2011
- 12,873
- 41,759
Yeah, that could be a matter of what a source on one side thinks versus what Dundon and those on his side might think. Could lead to some battles.
Why? Florio isn't some BleacherReport nobody, he's a legitimate reporter.
It would certainly remove the nefarious, evil genius angle and make the story as simple as Dundon thought owning a football league would be fun, but cut bait when losses were more than expected.
More than that, it would worry the hell out of me given he has an out clause after 3 years with his Canes purchase. A guy who doesn't do his homework and loses $70M on a whim and who said he originally wasn't going to buy the team, but then decided against his better judgement to buy the team because of the obsession it was causing him, doesn't sound like the most stable owner.
