Franky T wrote:
Beardown wrote:
good dolphin wrote:
Banks will sometimes give you money in exchange for a promise to pay it back with interest
Thank you.
I don't think they're gonna ask for 2 billion from Chase. Also, in this climate, I don't think banks are giving out those big loans anymore. I know the team is the collateral. But the interest rate on paying off 2 billion wouldn't make it worth it for me.
It will be years before they are making money off that stadium.
The NFL prints money. The Washington Commanders just sold for $6 billion. I don't think they would have a problem getting a loan.
If Trump can get a loan from the Chubb insurance company for $91.6 million for an appeal bond in the case where he was found liable for defaming E. Jean Carroll after she accused him of rape than I think McCaskey's can get a loan from a number of financial intuitions without issue. The TV contracts are worth billions and its where most of the NFL teams make their money from. Each of the 32 NFL teams received 249 million U.S. dollars in the 2022 season just for the broadcast rights share of revenue. NFL total team sponsorship revenue rises 15% to US$2.35bn in 2023.. There is revenue from Broadcast rights, sponsorships, merchandising, tickets, parking, concessions, etc..