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Post by frostbite on Oct 17, 2007 23:52:27 GMT -5
i'm not and never will suggest that they let in a team or new owner that doesnt have the money to operate the team better than hodas did. that would be dumb because we'dd be in the same exact position sooner or later. i guess all i'm trying to say here is hodas if off his jolly rocker if he thinks he can sell the freeze for 300k and a buyer who counters with more than 100k is just as crazy. if he had proven long term sponsors that were pumping a lot of cash into the team and contractual obligated to keep doing it for awhile maybe look into it but otherwise i'd take my chances with starting from scratch - no freeze liabilities, clean slate.
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Post by slocoma on Oct 18, 2007 7:41:34 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!!!! It's not that easy because he wants too much money for the team. That's the bottom line. |
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Post by Gene on Oct 18, 2007 8:29:00 GMT -5
I would think that if it were as easy as your implying to find a buyer that it woulda been done by now. The bigger picture does include the "operating budget". No business man is gonna plop down all that money based on what he thinks the team should make. It takes time for both the buyer & league to do background checks. With all the extensions that were given & not met by DH there really isnt much time to get a team in there. Could happen, but it aint looking good. It's not that easy because he wants too much money for the team. That's the bottom line. |
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Post by slocoma on Oct 18, 2007 8:32:40 GMT -5
Yeah, it's way to late in the game (in any league) to have a team in 08.
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Post by UnoBomber on Oct 18, 2007 9:02:13 GMT -5
300k for a franchise... haha hahahahhahahahahha. Sorry, but people in Erie with 300k to blow are few and far between. Just wait it out because Hodas isn't going to "rent" the Tullio for shats and giggles.
Dave I'll buy the naming rights for $100. Interested?
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Post by frostbite on Oct 18, 2007 11:09:13 GMT -5
Yeah, it's way to late in the game (in any league) to have a team in 08. yet the aifa is still adding teams: www.dcourier.com/main.asp?SectionID=2&subsectionID=2&articleID=48692there we go in black and white 25k expansion fee and hodas wants 300k for what? like i said 100k would be more than genrous i think if more people knew it was this easy to get a team we could have kept indoor football inerie. |
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Post by scooter on Oct 18, 2007 13:22:12 GMT -5
This may mean nothing, but if you scroll down in the article Erie is listed as one of the teams in the league.
It's either bad reporting or something we don't yet know about.
Wish I had the $43k available. That's an small amount to pay for a franchise.
Someone should apply for ownership in Erie and just wait until DHs lease runs out at the end of the month and then step in with a new Erie team.
Why saddle the new owner with DHs debt?
Erie in 08!!!!!!!!!!
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Post by slocoma on Oct 18, 2007 13:27:28 GMT -5
43K is a "small" amount? How much do you think the team in Erie makes per year? If they aren't losing money every year, there' no way they are making more than 10K per year. Even the Otters are losing money and they have their stuff together.
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Post by Gene on Oct 18, 2007 14:48:45 GMT -5
Yeah, it's way to late in the game (in any league) to have a team in 08. yet the aifa is still adding teams: www.dcourier.com/main.asp?SectionID=2&subsectionID=2&articleID=48692there we go in black and white 25k expansion fee and hodas wants 300k for what? like i said 100k would be more than genrous i think if more people knew it was this easy to get a team we could have kept indoor football inerie. |
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Post by Gene on Oct 18, 2007 14:51:51 GMT -5
43K is a "small" amount? How much do you think the team in Erie makes per year? If they aren't losing money every year, there' no way they are making more than 10K per year. Even the Otters are losing money and they have their stuff together.
I would think that in order for teams to break even they would need somewhere between a minimum average of 1,500-2,000 fans per game. |
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Post by Free Agent Fan on Oct 18, 2007 14:58:28 GMT -5
To my calculations. And that's taking into concideration about 90 g's a year for budget. The Freeze made money the first year. Broke even the second year. And lost their ass the third year.
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Post by slocoma on Oct 18, 2007 15:19:25 GMT -5
To my calculations. And that's taking into concideration about 90 g's a year for budget. The Freeze made money the first year. Broke even the second year. And lost their ass the third year. Did you have a guesstimate on sponsorship dollars? Do you have your calculations in a spead sheet or something? I would love to look them over. I've tried to do these calcs in my head, but I'm sure I'm missing something or another. Would be fun to look at. Not sure how it works in other areas, but sponsorship dollars is how these teams in Erie stay afloat. Butts in the seats helps, but isn't the end all. |
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Post by frostbite on Oct 18, 2007 16:13:43 GMT -5
This may mean nothing, but if you scroll down in the article Erie is listed as one of the teams in the league. It's either bad reporting or something we don't yet know about. Wish I had the $43k available. That's an small amount to pay for a franchise. Someone should apply for ownership in Erie and just wait until DHs lease runs out at the end of the month and then step in with a new Erie team. Why saddle the new owner with DHs debt? Erie in 08!!!!!!!!!! thank you someone who finally sees whay i mean you guys that said 180k was the expansion fee pfft i bet prescott didnt have to pay their monthly dues upfront either most teams dont so you put 25k down for franchise and 1500/month thtas the other 18k. 2500 attendance * 12 avg tix * 7 home games is 210k. there's 2/3 of your annual budget right there sell another 100k in sponsorship prob not hard to do in a town the size of erie and your good 2 go. |
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Post by slocoma on Oct 19, 2007 7:29:08 GMT -5
I wonder what the Tullio's take is on the tickets. Last I knew for the Otters, the Tullio took 3% of tickets and they split concessions with the Otters. I heard that the Freeze get nothing from concessions.
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Post by scooter on Oct 19, 2007 8:17:29 GMT -5
I wonder what the Tullio's take is on the tickets. Last I knew for the Otters, the Tullio took 3% of tickets and they split concessions with the Otters. I heard that the Freeze get nothing from concessions. I'm trying to remember if there was any concession money going to the Freeze, but I'm just not sure if there was or wasn't. I know it was something that Joe and I discussed during the negotiations with the potential west coast buyer. But that was back in July. I know Joe will remember and will be able to post on it later today. I just wish that we would have known all the circumstances that turned into this nightmare earlier this summer. We were assured by DH the Thursday before the announcement was made, that we "WERE IN" and all that had to be done was to sign some papers. The next week, we're "kicked" out of the league. If we would have known that DH had no intention of being in the league, we could have found somebody to pony up the $43k and put a NEW team here in Erie. That would have been better that trying to find somebody to cough up $300k to get DH out of the red. |
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