This blog post is closed for comments.
lolly Feb 14, 2013
Continued from previous post -
So basically, the folks who bought the PSLs, cannot sell the PSLs, unless they have bought season tickets. Good grief - the Panthers could teach AIG something about robbing...
As to the 5,000 jobs and 625 million in the the fake economic multiplier - I checked out the employment tab on the Panthers website.
There was exactly, zero, nada, zilch in jobs advertised.
So sir, Mr. Goode88, teach me some economics. I could use a good laugh.
lolly Feb 14, 2013
"Lolly you seem to even misread"
I really don't care much about this topic. However; once you asked me nicely to look at it - LOL. The more I dig, the funnier it gets.
So the franchise was funded with PSLs. I looked at the rules regarding PSLs:
"The account must be current, and PSL's and season tickets must be paid in full....To begin the transfer process, the transferor must provide the following information in writing:
A transfer request letter including the account number, account name, current address and telephone number of Transferors, specific location of seats to be transferred (section, row and seat numbers), and the name, current address and telephone number of Transferee. Please note that the signature of the account holder must appear on the transfer request. A fee of $300 per account transfer must be submitted with the request."
More post to come....
superman Feb 14, 2013
I will keep my money Mr. Richardson and you can take your team to--well you name the place where you want to put it.
goode88 Feb 14, 2013
Lolly you seem to even misread your own quotes go back and read the articles you posted again and then try an form a more coherent arguement that I can properly respond to.
goldenosprey Feb 14, 2013
Is it not enough, Mr. Richardson that the state and localities, through public middle and high school football programs and many state universities develop your "talent" and sort through for the most draftable choices? When have we given you enough, sir?
In Europe and other places the club model has private organizations -football (soccer) associations developing, coaching and organizing the talent from toddlers to the richest pros. This is true throughout "socialist" Europe.
lolly Feb 14, 2013
"the value of the Panthers franchise had grown from $200 million in 1995 to $1.04 billion in 2011 and ranks as the 13th most valuable professional sports team in the nation..., the group implored Richardson to spend more on talent, particularly in the face of possible public subsidies to Bank of America Stadium."
LOL, those Permanent Seat License (PSL) owners do not sound very happy.
When I see economic multipliers applied that come up with 625 million and 5,000 jobs; I sure would like to see the details.
Maybe that includes all the websites where people are trying to unload their PSLs at a fraction of their original investment?
If the folks in Charlotte want to vote to tax themselves to pay for the stadium upgrades, then let them. The state taxpayers, like the PSLs, would get zip.
goode88 Feb 13, 2013
This is an easy call for North Carolina if they don't pony up the Carolina Panthers will be the LA whatevers, NC didn't have to pay for the stadium to be built because this owner had the foresight to us PSLs. The only reason to do the upgrades is to keep the team in North Carolina for the next couple of decades, Richardson is trying to make sure this happens. It is interesting no one really truly understands the entire situation but still has an opinion.
Rebelyell55 Feb 13, 2013
If the state is stupid enough to continue giving money to a "non profit" organization, just so they can continue to put money in their pockets? With what we got in goverment now, I would not be surprised at all.
lolly Feb 13, 2013
roadrunner99, you saved me some typing.
"When the state has to reduce unemployment benefit's....senior's and disabled... spend a single penny on a football stadium."
Your comments were exactly what I was thinking.
I will add this. Anyone who looks at a stadium as an "public/state" investment, should ask ones self why the private stadium owner refuses to invest in it.
rroadrunner99 Feb 13, 2013
When the state has to reduce unemployment benefit's and can't even afford to help senior's and disabled with health care, we don't need to spend a single penny on a football stadium.if Mr. Richardson want's his team's stadium to have upgrades let him pay for them. Nice comment he made about dodging the Taxes on the end of his interview also, Hope the revenue guys were paying attention!
samr Feb 13, 2013
Cut unemployment benefits but consider ponying up $62.5 million to help renovate a stadium that benefits one city and its suburbs (some of which is actually in SC)? Can't wait to see the fallout if that comes to pass.
ASU Feb 13, 2013
I own a business and tax payers are not paying for any of my upgrades.
ASU Feb 13, 2013
Maybe the democrats would have done it but not the republicans.
markjb33 Feb 13, 2013
Please do not forget, Richardson was the main man behing the recent NFL lockout. He is ruthless and cares for no one but himself. That stadium is in a very questionable area of Charlotte, and it's called Bank of America stadium, how much is the bank contributing?
wakewiseone Feb 13, 2013
if richardson wants a bigger and better stadium, let him pay for it. he s worth about $500 million. he ll reap all the $$$ from the investment whereas if the taxpayers ante up, they get nothing..........no tickets, no parking spot, no tailgate spot, ZERO !!!
and the state is in fiscal danger. so taxpayer protection is paramount.......just like tillis said.
Pirate01 Feb 13, 2013
It seems fairly clear that regardless of party affiliation....NOBODY wants to pay the Panthers a dime to stay!!!
Gatsby Feb 13, 2013
Rick has not needed help in the past...Plenty of willing greater fools ready to bleed cash have flowed through his showrooms in the past.
Terkel Feb 13, 2013
At least Richardson's honest about his intentions, motives, and rationale, making it easy to say NO.
schooldoctor Feb 13, 2013
Look at Rick Hendrick, he adds a lot to a NC born sport and I have no recollection of him asking for a state assistance program.
ripetomatoes Feb 13, 2013
This sounds a lot like the way a federal budget is balanced in fantasyland.
ripetomatoes Feb 13, 2013
I am willing to pay 25 cents more for a Bojangles biscuit if that will help.
ncrepublican1776 Feb 13, 2013
the stadium is only 12 years old..the franchise is barely 17 years old
Cary1983 Feb 13, 2013
Time to institute a user tax: ie - raise ticket prices by $10 per seat and parking by $5 per car. Proceeds go directly to repairs/renovations. If that's not enough, institute a food sales tax for items sold at the stadium.
The rest of us shouldn't be on the hook for Charlotte's stadium, especially while being threatened.
ech Feb 13, 2013
the tax payers should also enjoy some of the riches that this team has brought to Mr Richardson if he expects us to pay for his upgraded football stadium. that would only be fair.
batcave Feb 13, 2013
a way to INDIRECTLY fund the stadium improvements.sean kelly
As usual you know nothing,They will let Charlotte raise taxes on prepared food and beverage but Tillis said state tax payer money should not go to the Panthers, I think some hope it does so they can do more bashing. Besides Bruton Smith says he can buy the team and renovate with no tax money, if he is serious , who knows.
batcave Feb 13, 2013
Hello America! This is a classic example why unions exist.
Tell that to the local non union labor in Charlotte who were passed over for the Dem Convention in favor of out of state union labor----its called pandering ti the radical left---worker of the world unite, Jimmy and charlotte are why we have no public sector unions in NC, now everyone wants to be like us.
Qwerty27807 Feb 13, 2013
Awesome! Let's cut unemployment, education, and everything else so we can give a self-entitled rich man more handouts. The arrogance of the affluent knows no bounds.
corey3rd2 Feb 13, 2013
The Carolina Panthers have had 4 winning seasons in 18 seasons. Sure they made it to a Super Bowl and two NFC title games, but they're a loser squad. One first round playoff loss in the last 7 seasons. And yet Richardson wants us to think he's got The Patriots South in his crumbling stadium.
Let LA have 'em.
corey3rd2 Feb 13, 2013
The Carolina Panthers get to enjoy being a non-profit already. They earn a fortune on the TV contracts that contribute to our cable bills spiraling upward.
The NFL are a bunch of welfare moochers. Jerry Richardson is worse than any welfare queen driving around in a Caddie. We don't need to pay for a team that isn't proud enough to be the North Carolina Panthers.
chivegas Feb 13, 2013
"Now there is a case of the pot calling the kettle black. Talk about ignorant statements."
Except for the obvious fact that said statements are true. Truth hurts.
NJDEVILSFANINNCHELL Feb 13, 2013
Than leave take your team somewhere else where they want to pay your way since I sure don't!!
beachboater Feb 13, 2013
We are cutting unemployment benefits, which I agree with, and hopefully we will be cutting in other areas as well.
This is certainly not a way to spend state tax dollars.
br549znc Feb 13, 2013
They should not get tax money. If they will only stay if they get tax money, let them leave today.
beachboater Feb 13, 2013
How much is a ticket to watch a Panthers game?
How much are they paying their primo players, and executives?
Mr. Richardson wants to cut his estate taxes........so rebuild the stadium. It will only cost him 50¢ on the dollar after taxes.
Nope, NO STATE FUNDS for this. If they want to move, fans can watch on TV and not only see the games better, they get instant replay!!
Mr. Middle of the Road Feb 13, 2013
Mr. Middle of the Road,
While I think this is a terrible idea and Richardson should pay his own way, I agree with you 100% that the current leadership will pay this extortion. Republicans don't have any problem with wealth redistribution as long as the flow is from the bottom to the top. They will pay this without batting an eye, while thousands of North Carolinians go without health care, 80,000 people who are unable to find jobs will be thrown out on the street, and public education will be plundered to subsidize wealthy families sending their kids to private school via vouchers.
And their far right tea party voters will continue to vote for them. Boogles the mind, doesn't it?
baldchip Feb 13, 2013
SAve it-not gonna happen. This Republican is against any help by the State. If Charlotte wants to help-it's their town. Their mayor is liberal enough to work that out.
But State of NC-not a chance!!
firecaptain2000 Feb 13, 2013
Hello America! This is a classic example why unions exist. If it were not for us, no one is looking out for the working class middle class. But… a wealthy Mr. Richardson can take his argument straight to a private meeting with our governor and legislative leadership. That’s the same folks who want to kill unions. So, Mr. Richardson thumbs his “coveted” nose in everyone’s face and essentially says, either you bend over and take it… or else! Why don’t we all tell Mr. Richardson where he can go instead! When was the last time any union or group of unions asked North Carolina tax payers for any amount of money… much less $250 million????
1983rs Feb 13, 2013
naming rights? the we can't afford to pay unemployment but we can prop up a billionare stadium!!!! go greenbay the city owns the team..
jhigman1960 Feb 13, 2013
NFL owners do not have to pay a penny of their own money toward player salaries as that comes out of the TV money each team receives. It's nearly impossible for an NFL owner to lose money. With the interest they receive, they can use that for improvements. People in Raleigh should not be paying for Charlotte stadium improvements. Get more events in the facility. That might be a start.
WASP Feb 13, 2013
Not every tax payer wants to foot the bill for these overpriced so-called athletes and thier money grubbing owners. Let them go to LA.
maxweinberg8 Feb 13, 2013
Time and time again, NFL owners go to the taxpayers to fund their stadiums. Time and time again, they and the legislators they have on board tell us that it's good for business and that it is a worthwhile investment - that additional revenue generated by the team will far outweigh the increases in taxes paid by residents.
Time and time again, citizens all over the US have fallen for this ruse - never once seeing the return on investment they were promised.
If they want to move the team to LA - let the nearly bankrupt California state government build them a stadium and go even further into debt. Or let the city of Los Angeles, the gang capital of America, pay for it instead of spending money where it should go.
These are difficult, budget strapped times across nearly all American cities and communities. We don't need to raise taxes or go into more debt to build playgrounds for billionaires!
umpcop Feb 13, 2013
NO, LA is looking for a team, go there! And don't start that stuff about how many $$$$$$$$$$$$$$ the team brings to the City... Didn't WRAL just do a report on how the NFL is tax excempt?
Scubagirl Feb 13, 2013
this goes BEYOND winning or losing......THEY ARE TAX EXEMPT!!! What part of that does Jerry not understand..pay no taxes should get NO TAX DOLLARS!!! Let them pay for the entire thing and his estate tax be da**ed!
goldenosprey Feb 13, 2013
Why does such a "coveted" franchise find itself in an untenable financial position? I don't care if they dominated the playoffs like the great dynasties of the NFL - If I asked the taxpayers to subsidize redecorating my little office building I would be laughed at and rightfully so.
Six String Feb 13, 2013
"Wow, that's an impressive amount of ignorance and flat out misinformation. Jobs are out there, your savior Obama fixed healthcare (oh wait, no he just made it much more expensive and employers laid people off as a result), and where exactly are these fabricated vouchers? I want one! Liberals have ruined the public education system, maybe there's still a chance in private school!"
Now there is a case of the pot calling the kettle black. Talk about ignorant statements.
kermit60 Feb 13, 2013
If he can afford to pay players in the millions then he can afford to pay for it himself.
Nancy Feb 13, 2013
When they pay taxes and are not considered a non profit, perhaps people would support our tax dollars supporting them huh?
kbkline Feb 13, 2013
Sounds like a threat.... Do it yourself or Leave!
Good Bye WRAL Feb 13, 2013
I don't care how much indirect taxes Charlotte or state might gain from such 'large' business, it is just not ethical for tax payers to endow a private enterprise without any direct or measurable returns.
If we 'invest' $250M in their $1B business, then I want $25k for my $100k business. After all, I might move or close my business if I can't make improvements to my building or fleet of vehicles. That's not right at my level, how can it be remotely right for an NFL team?
Ipromiseitwonthurt Feb 13, 2013
You can take you team and your stadium and stick them where the sun don't shine BUDDY! The NFL can afford to support their own, they don't need my tax payer dollars. Raise the price of your already rediculously priced tickets.
Published: 2007-10-05 09:38:00
Updated: 2015-01-14 14:37:58