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Post by Tatonka on Aug 7, 2007 20:02:52 GMT -5
Deferred payment, no money down... it's all apples.
People, I've worked in rent-to-own AND high-risk lending used car sales in the past... I think I know what I'm talking about when it comes to less-than ideal financing programs.
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Post by xmradiodave on Aug 7, 2007 20:08:14 GMT -5
Deferred Payment and no Money down is not all apples. No money down is, well...NO money down. Not on the front end or back end. Deferred payment s a flexible option and a promise to pay. Deferred payment is a good deal if you know how to budget properly. You should know this. Buy now, pay later. But you stll gotta pay the piper when he comes calling.
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Post by gonzo13 on Aug 7, 2007 20:30:05 GMT -5
....Because things like deferred payment have worked so well in indoor football before.....
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Post by Tatonka on Aug 7, 2007 20:31:45 GMT -5
No money down is no money DOWN, plain and simple. When you go on a deferred payment plan, you are not_putting_any_money_down. Hence the "deferred" part of deferred payment...
Let's not base the continuation of this thread on semantics. We all can stipulate to the fact that this is a simplification of two of the many types of financing options available to buyers of anything from a sofa and loveseat to a football franchise.
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Post by gonzo13 on Aug 7, 2007 20:43:57 GMT -5
Tampa Florida (USA) The American Indoor Football Association has terminated the territory rights of the Baltimore Blackbirds effective immediately due to the Blackbirds being in default of their contractual agreement with the AIFA... John Morris and Michael Mink Co-Owners of the AIFA said that while the measures taken were extreme it was a necessary action to protect the integrity of the AIFA and its member teams. He states Baltimore is a great market and the AIFA is very committed in helping them be very successful in the future. More information on this subject can be referenced by going to today's story in the Baltimore Examiner at www.baltimoreexaminer.comBasic journalism rules broken: 1) Aprroximately 12 grammar, syntax and punctuation errors. 2) Style of dateline was totally incorrect 3) It's lazy and stupid to link the newspaper article. Makes the situation look worse and the league unable to handle its own PR Edited Release TAMPA, Fla. -- American Indoor Football Association owners John Morris and Michael Mink announced Tuesday, August 7, 2007, that the territorial rights of the Baltimore Blackbirds have been terminated, effectively immediately The Blackbirds, who compiled a 1-13 record in their inaugural AIFA season in 2007, were in default of their contractual agreement with the league. "While the measures taken were extreme, it was neccesary to protect the integrity of the league and its member teams," Mink/Morris said. A new team is planned for Baltimore in 2008. The 1st Mariner Arena will remain the franchise's home. "Baltimore is a great market,'' said Morris, himself a Baltimore native. "We're committed to the success of a Baltimore franchise for years to come." For more information, contact the AIFA at [instert number] I've got to find something better to do with my time.... |
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Post by Gene on Aug 8, 2007 6:48:44 GMT -5
Tampa Florida (USA) The American Indoor Football Association has terminated the territory rights of the Baltimore Blackbirds effective immediately due to the Blackbirds being in default of their contractual agreement with the AIFA... John Morris and Michael Mink Co-Owners of the AIFA said that while the measures taken were extreme it was a necessary action to protect the integrity of the AIFA and its member teams. He states Baltimore is a great market and the AIFA is very committed in helping them be very successful in the future. More information on this subject can be referenced by going to today's story in the Baltimore Examiner at www.baltimoreexaminer.comBasic journalism rules broken: 1) Aprroximately 12 grammar, syntax and punctuation errors. 2) Style of dateline was totally incorrect 3) It's lazy and stupid to link the newspaper article. Makes the situation look worse and the league unable to handle its own PR Edited Release TAMPA, Fla. -- American Indoor Football Association owners John Morris and Michael Mink announced Tuesday, August 7, 2007, that the territorial rights of the Baltimore Blackbirds have been terminated, effectively immediately The Blackbirds, who compiled a 1-13 record in their inaugural AIFA season in 2007, were in default of their contractual agreement with the league. "While the measures taken were extreme, it was neccesary to protect the integrity of the league and its member teams," Mink/Morris said. A new team is planned for Baltimore in 2008. The 1st Mariner Arena will remain the franchise's home. "Baltimore is a great market,'' said Morris, himself a Baltimore native. "We're committed to the success of a Baltimore franchise for years to come." For more information, contact the AIFA at [ instert number] I've got to find something better to do with my time.... Since you're a stickler for accuracy i wanted to point out your own errors. You misspelled "approximately" and "insert" . I highlighted those 2 words in red for ya in case you need to see where the errors occurred. ;D |
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Post by farscape on Aug 8, 2007 7:38:33 GMT -5
These teams are in business to make money not just to play football. I went to three games in Baltimore, a Friday, Sunday, & Monday night game. All of the games I went to were sparcely attended, the Sunday game probably had the best attendance. It is easy to understand why they have finacial difficulties, it is hard to pay ependitures when income is lacking. There are league dues, players salaries, arena, equipment, advertising etc...
Everyone keeps posting about finding "good ownership with deep pockets". However It seems to be a challenging buisness to turn a profit in. Teams will start and fold, as most new businesses fail. Baltimore did a good job of adjusting player personel as the season went on (in my opinion) they brought in new players to adjust to the level of the competition they were getting and managed to get better as a team.
I enjoyed the games I saw especially the last game against johnstown as it was close and decided in the last minute of play.
It seems with the low profit that the teams make at this level that there is very little room for managment error or bad spending of the income that comes in. I hope the Blackbirds do well in the future, I hope to get down to Baltimore again in 2008 if there is a team playing at the 1st mariner arena.
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Post by UnoBomber on Aug 8, 2007 7:56:06 GMT -5
The business model isn't the problem. In fact, the CIFL business model appears to be better than any other league's (well, save the "no money down" thing the AIFA has going). The problems with the CIFL reside in the complete lack of owner checking. Which, come to think of it, seems to be the AIFA's problem, too! I just want to add a reply to this. Unless you have documented proof on this "no money" garbage. Then it is considered an all out lie. And could pose some legal battles later........... A lawsuit over a message board post?? Yawn. |
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Post by Gene on Aug 8, 2007 8:00:29 GMT -5
Hey fridge. I love the new Koolaid avatar.  |
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Post by xmradiodave on Aug 8, 2007 8:33:58 GMT -5
These teams are in business to make money not just to play football. I went to three games in Baltimore, a Friday, Sunday, & Monday night game. All of the games I went to were sparcely attended, the Sunday game probably had the best attendance. It is easy to understand why they have finacial difficulties, it is hard to pay ependitures when income is lacking. There are league dues, players salaries, arena, equipment, advertising etc... Everyone keeps posting about finding "good ownership with deep pockets". However It seems to be a challenging buisness to turn a profit in. Teams will start and fold, as most new businesses fail. Baltimore did a good job of adjusting player personel as the season went on (in my opinion) they brought in new players to adjust to the level of the competition they were getting and managed to get better as a team. I enjoyed the games I saw especially the last game against johnstown as it was close and decided in the last minute of play. It seems with the low profit that the teams make at this level that there is very little room for managment error or bad spending of the income that comes in. I hope the Blackbirds do well in the future, I hope to get down to Baltimore again in 2008 if there is a team playing at the 1st mariner arena. Baltimore averaged about 3,000 people per game. Not the best there is, but also not the worst. Part of the problem was the team was not properly advertised/marketed. Also, 1st Mariner Arena was not the best venue, especially for a first year team. I would have tried to secure a deal with Towson University for use of their Towson Center Arena. Sure it is a smaller venue as far as seating capacity goes, but it would have been less expensive for a first year team. It seats just over 5,000. More than enough for the Blackbirds. Not to mention, it would have looked far more impressive than 3,000 people scattered across a 9,000 fixed seat arena. |
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Post by UnoBomber on Aug 8, 2007 9:01:14 GMT -5
3000 people by AIFA standards is damn good.
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Post by UnoBomber on Aug 8, 2007 9:04:33 GMT -5
Hey fridge. I love the new Koolaid avatar. Just some people need to lay off the kool-aid. |
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Post by farscape on Aug 8, 2007 11:23:19 GMT -5
Your right Dave it is a big venue and nice at least nicer than where the outlaws play but not as comfey as the soverign center in Reading. There may have been that many on the Sunday game but not close on the last game on friday night.
Anyway I hope there will be some football there again this coming year for you & Mr. D (I love that guy!) and if there is I'll let you know when I will be down.
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Post by xmradiodave on Aug 8, 2007 11:48:47 GMT -5
No money down is no money DOWN, plain and simple. When you go on a deferred payment plan, you are not_putting_any_money_down. Hence the "deferred" part of deferred payment... Let's not base the continuation of this thread on semantics. We all can stipulate to the fact that this is a simplification of two of the many types of financing options available to buyers of anything from a sofa and loveseat to a football franchise. de·fer·rer, noun —Synonyms 1. Defer, delay, postpone imply keeping something from occurring until a future time. To defer is to decide to do something later on: to defer making a payment. To delay is sometimes equivalent to defer, but usually it is to act in a dilatory manner and thus lay something aside: to delay one's departure. To postpone a thing is to put it off to (usually) some particular time in the future, with the intention of beginning or resuming it then: to postpone an election. 3. procrastinate. You are still paying the money owed, just at a later time. It does not mean "no money down". We are not talking about buying a friggin car. |
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Post by xmradiodave on Aug 8, 2007 11:51:57 GMT -5
Your right Dave it is a big venue and nice at least nicer than where the outlaws play but not as comfey as the soverign center in Reading. There may have been that many on the Sunday game but not close on the last game on friday night. Anyway I hope there will be some football there again this coming year for you & Mr. D (I love that guy!) and if there is I'll let you know when I will be down. No argument about a few of the games attendance Farscape. I said they averaged that many attendees. I mean across the course of the season. Some games were less, some games were more. But yeah, you are correct. A few of the games were weak in attendance. That has to do with the night games and Sunday and Monday games. It is tough to get people go to a game when they have to work the next night. |
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