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Brian Gutekunst new Packers GM
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<blockquote data-quote="HardRightEdge" data-source="post: 758477"><p>I know of a billionaire who bought and built a whole bunch of golf courses, poured hundreds of millions of dollars into them, and still loses money on them. He loves golf. They are nice places to host his rich buddies and brag about all the money he doesn't actually have. That does not make it a good business.</p><p></p><p>Somebody just paid $400 million dollars for a Leonardo painting of dubious provenance and condition. That does not make it a good investment or a good painting.</p><p></p><p>And baseball is the worst place to make your case, where a $150 million guaranteed is paid for arm that could blow up tomorrow.</p><p></p><p>You can say whatever you want about the price of the Marlins, but nobody yet has figured out a way to make money off that franchise. Sports franchise ownership is a prime example of the ego involved when somebody who achieved success in one realm thinks they can achieve equal success in another. Being a Hall of Fame shortstop or a software mogul is no credential for running a ball club.</p><p></p><p>Sure, there are a few sports franchises that are highly profitable, but they are exceptions not the rule.</p><p></p><p>Jacksonville doesn't play in London because it's fun; it's because they struggle to fill seats. Oakland isn't moving to Las Vegas because they were making decent money in Oakland. The league in the aggregate makes a decent return but not any better than an average Fortune 500 company of comparable size of around $14 billion in revenue, which in the great scheme of things isn't all that big.</p><p></p><p>Players should be thankful these owners mix ego into the equation. Warren Buffett's cool and collected financial analysis would tell him not to touch one of these things.</p><p></p><p>I don't root for billionaires. I don't root for players to make more money. It's an ecosystem with unions and negotiations. He who negotiates best wins. Should players get better disability and pension programs? Perhaps, and that's up to the union to go get.</p><p></p><p>And frankly, what goes on in the NFL isn't that much different than what goes on in other businesses where you have a high concentration of highly competitive and highly compensated positions, like a high end law firm or a boutique investment bank. If you win cases and bill hours and earn partner, great. If you don't, get out. If your investments make money and earn fees, you get the bonus. If you lose money, get out.</p></blockquote><p></p>
[QUOTE="HardRightEdge, post: 758477"] I know of a billionaire who bought and built a whole bunch of golf courses, poured hundreds of millions of dollars into them, and still loses money on them. He loves golf. They are nice places to host his rich buddies and brag about all the money he doesn't actually have. That does not make it a good business. Somebody just paid $400 million dollars for a Leonardo painting of dubious provenance and condition. That does not make it a good investment or a good painting. And baseball is the worst place to make your case, where a $150 million guaranteed is paid for arm that could blow up tomorrow. You can say whatever you want about the price of the Marlins, but nobody yet has figured out a way to make money off that franchise. Sports franchise ownership is a prime example of the ego involved when somebody who achieved success in one realm thinks they can achieve equal success in another. Being a Hall of Fame shortstop or a software mogul is no credential for running a ball club. Sure, there are a few sports franchises that are highly profitable, but they are exceptions not the rule. Jacksonville doesn't play in London because it's fun; it's because they struggle to fill seats. Oakland isn't moving to Las Vegas because they were making decent money in Oakland. The league in the aggregate makes a decent return but not any better than an average Fortune 500 company of comparable size of around $14 billion in revenue, which in the great scheme of things isn't all that big. Players should be thankful these owners mix ego into the equation. Warren Buffett's cool and collected financial analysis would tell him not to touch one of these things. I don't root for billionaires. I don't root for players to make more money. It's an ecosystem with unions and negotiations. He who negotiates best wins. Should players get better disability and pension programs? Perhaps, and that's up to the union to go get. And frankly, what goes on in the NFL isn't that much different than what goes on in other businesses where you have a high concentration of highly competitive and highly compensated positions, like a high end law firm or a boutique investment bank. If you win cases and bill hours and earn partner, great. If you don't, get out. If your investments make money and earn fees, you get the bonus. If you lose money, get out. [/QUOTE]
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