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Post by scooter on Oct 15, 2007 12:21:09 GMT -5
THE AIFA EXPANSION FEE IS 180 GRAND?!?!?!?!?!?!?!? WTF?!?!?! and som of us were told that hodas almost sold for 175k this summer so i dont know where your getting almost double that. I'm going to let Joe comment on this one, since he was involved in it.  Take it away............................ |
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Post by Free Agent Fan on Oct 15, 2007 14:15:05 GMT -5
Asking price was @300 g's. The guy from out West agreed to 175 g's. But litigating circumstances negated the verbal agreement.
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Post by frostbite on Oct 15, 2007 15:34:43 GMT -5
no one has still answewred the question whats the aifa franchise fee. only an idiot would pay that much for an existing team if you can startup your own expansion one for half that. and by half that i mean half the 175k. 300k is truly insane and now we know why hodas has been such a poor owner he doest have a clue how much his team is worth!!!!!!!!!!!
BUT thats part the leagues fault not just aifa but any low price league like cifl too that charge a low or no expansion fee. it devalues the existing teams if you can buy in for such a low price.
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Post by Gene on Oct 15, 2007 17:35:43 GMT -5
no one has still answewred the question whats the aifa franchise fee. only an idiot would pay that much for an existing team if you can startup your own expansion one for half that. and by half that i mean half the 175k. 300k is truly insane and now we know why hodas has been such a poor owner he doest have a clue how much his team is worth!!!!!!!!!!! BUT thats part the leagues fault not just aifa but any low price league like cifl too that charge a low or no expansion fee. it devalues the existing teams if you can buy in for such a low price. |
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Post by frostbite on Oct 16, 2007 0:40:10 GMT -5
whoa there nellie the costs to run the team will be the same whether its a new team or the freeze you still need insurance, etc. no matter what. the topic is cost of the team; buying used vs starting new. if the aifa is "about 180k" that would ake it by far the most expensive indoor league to join. someone on osc said uif is around 80k and cifl is half that wifl was somewhere inbetween. wifl said they couldnt get teams because they were being undersold by the aifa, so by my 6th grade math that means the aifa is somewhere closer to cifl rates than uif rates which is NOWAY NEAR 180k.
so instead of buying the debts of hodas why dont we fans in erie find out the aifa expansion fee and find someone that will start a brand new team in erie? f@ck hodas hes done nothin but run are team into the ground since espo left why line his pockets with cash?
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Post by slocoma on Oct 17, 2007 7:35:16 GMT -5
I kind of agree with frostbite, and I mentioned this before.
For $300K, what are you getting? Some shoulder pads, helmets, and crappy turf?
If the league fee is $180K, what assests do the Freeze have that are worth 120K? The Freeze name surely isn't worth that.
I had no idea the league fee was so high. It would take you many, many years just to make that 180K back.
I think I'm finally starting to face the reality that indoor football isn't going to work in Erie.
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Post by frostbite on Oct 17, 2007 13:26:24 GMT -5
it aint 180k slocoma, its more like 50k, TOPS. i think we can do this if the league would be open about its costs i'm sure they could get a new ownership group involved.
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Post by Free Agent Fan on Oct 17, 2007 13:45:38 GMT -5
Many factors need to be looked at here.
First, the Civic center owns that crappy turf. Not the Freeze.
Secondly, part of the price of a team would be to cover costs of insurance, payrolls(players,refs,announcers,coaches,staff,rental,turf laydown, turf pick up,buses,housing,tv,etc.). I'd say about 90 k of that would be for the above costs. The Civic Center was willing to put up half for new turf. If the team was run properly, it could of made money.
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Post by slocoma on Oct 17, 2007 14:07:10 GMT -5
Many factors need to be looked at here. First, the Civic center owns that crappy turf. Not the Freeze. Secondly, part of the price of a team would be to cover costs of insurance, payrolls(players,refs,announcers,coaches,staff,rental,turf laydown, turf pick up,buses,housing,tv,etc.). I'd say about 90 k of that would be for the above costs. The Civic Center was willing to put up half for new turf. If the team was run properly, it could of made money. So that stuff is already paid for for 2008? If it is, what's the problem with having a season? |
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Post by Free Agent Fan on Oct 17, 2007 14:10:39 GMT -5
It's not paid. Thats the problem.
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Post by slocoma on Oct 17, 2007 14:14:33 GMT -5
It's not paid. Thats the problem. Then that's not part of the assests and you can't say that's why the asking price is so high. It wouldn't cost much more to start over. That's probably the best way for a new owner to come in. |
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Post by Free Agent Fan on Oct 17, 2007 15:01:17 GMT -5
A start over team would not be able to be called The Freeze. The AIFA doesn't have the rights to the Civic Center. D.H does, but I'm not sure until when. And a start over team would have to buy new merch, pads,and helmets, etc. as opposed to what The Freeze have.
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Post by slocoma on Oct 17, 2007 15:17:59 GMT -5
Seriously, what does that merchandise and equipment cost? 10K at the most? I know that slanky said they ran out of a lot of stuff at the end of the year. I couldn't even get my kid a shirt. So they can't have that much inventory. The jerseys all get trashed, so you have some pants, pads, and helmets?
I wouldn't imagine that Hodas has a very long lease with the Tullio. Plus, I bet there isn't a non-compete agreement in that lease and another team could come in. The Otters had a 10 year lease and now are on a 3 year deal.
Dropping the Freeze name at this point probably isn't a bad thing.
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Post by frostbite on Oct 17, 2007 20:22:12 GMT -5
freeze name is really all you be buying. i called tulio and they said the freeze have a lease through the end of the month. new unis and equip. would cost 15k tops for all new stuff. so say the aifa fee is 60k + the 15k for unis and equip then your at 75k which is 100k LESS than what hodas might agree to sell the team for? what am i missing here, why would anyone pay 100k for the freeze name? joe you keep bringing up costs that have to be paid for whether or not the team is new or it was the old freeze you dont get your payroll and insurance paid for by hodas if you buy the team from him you still have to get that on your own. again the topic of discussion is the actual cost to acquire a team, not its operating budget.
he can keep the abominable snowman costume and the gay blue truck we want a new team new colors new name and most of all a new owner!!!!
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Post by Gene on Oct 17, 2007 20:59:19 GMT -5
freeze name is really all you be buying. i called tulio and they said the freeze have a lease through the end of the month. new unis and equip. would cost 15k tops for all new stuff. so say the aifa fee is 60k + the 15k for unis and equip then your at 75k which is 100k LESS than what hodas might agree to sell the team for? what am i missing here, why would anyone pay 100k for the freeze name? joe you keep bringing up costs that have to be paid for whether or not the team is new or it was the old freeze you dont get your payroll and insurance paid for by hodas if you buy the team from him you still have to get that on your own. again the topic of discussion is the actual cost to acquire a team, not its operating budget. he can keep the abominable snowman costume and the gay blue truck we want a new team new colors new name and most of all a new owner!!!! |
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