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The trio of Gute, MLF and Russ Ball all get contract extensions...
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<blockquote data-quote="Heyjoe4" data-source="post: 964890" data-attributes="member: 13032"><p>Now this is very interesting and, at least for me, stuff I didn't know. I didn't know that guaranteed money had to be put in escrow, but that only makes sense. The player(s) and agent(s)would want to know that the amount has been set aside. I also didn't know an owner can borrow against his or her assets, no matter what or where they are to use in the football operation. But that also makes sense (as long as they can wrangle board approval from other companies).</p><p></p><p>So yeah, MM and the Board's investments in Lambeau, Titletown, etc. have increased the value of the franchise and provided a new source of income. Kinda like taking an old house, making improvements, and having the final value exceed the dollar amount of the improvements.</p><p></p><p>What I'm wondering is if the owner can borrow against assets and use those funds to cover guaranteed compensation in escrow. That's riskier because they are borrowed funds. Yeah they're collateralized, but other creditors may have first claims to those assets. (That's why we have lawyers.)</p><p></p><p>Anyway, this is a really good example of how a wealthy owner has an advantage. They can offer deals that a less-wealthy owner could not.</p><p></p><p>My last trip to Lambeau was in the 80s in December against Atlanta. Despite the Lambeau mystique, I remember looking around and thinking there's nothing special about the place and it oughta be razed to build a new facility. In the end that's what was done, it was just done very creatively. And a new stadium would NOT be Lambeau. That place is hallowed ground. Now it's the third largest NFL stadium by seating capacity. I grew up here, moved away, and came back to retire. Never stopped bleeding green and gold.</p><p></p><p>And there are probably other ways to monetize Lambeau. Do deals with local casinos and offer day trips to Titletown, the Packer HOF. I know from living in CA for 18 years that Packer fans are EVERYWHERE! A lot of them would make a pilgrimage to Green Bay, in season or not, just to see Lambeau. Yeah, it really is a special place.</p><p></p><p>Anyway Packer Fan, thanks so much for this info. Very interesting and good job!</p></blockquote><p></p>
[QUOTE="Heyjoe4, post: 964890, member: 13032"] Now this is very interesting and, at least for me, stuff I didn't know. I didn't know that guaranteed money had to be put in escrow, but that only makes sense. The player(s) and agent(s)would want to know that the amount has been set aside. I also didn't know an owner can borrow against his or her assets, no matter what or where they are to use in the football operation. But that also makes sense (as long as they can wrangle board approval from other companies). So yeah, MM and the Board's investments in Lambeau, Titletown, etc. have increased the value of the franchise and provided a new source of income. Kinda like taking an old house, making improvements, and having the final value exceed the dollar amount of the improvements. What I'm wondering is if the owner can borrow against assets and use those funds to cover guaranteed compensation in escrow. That's riskier because they are borrowed funds. Yeah they're collateralized, but other creditors may have first claims to those assets. (That's why we have lawyers.) Anyway, this is a really good example of how a wealthy owner has an advantage. They can offer deals that a less-wealthy owner could not. My last trip to Lambeau was in the 80s in December against Atlanta. Despite the Lambeau mystique, I remember looking around and thinking there's nothing special about the place and it oughta be razed to build a new facility. In the end that's what was done, it was just done very creatively. And a new stadium would NOT be Lambeau. That place is hallowed ground. Now it's the third largest NFL stadium by seating capacity. I grew up here, moved away, and came back to retire. Never stopped bleeding green and gold. And there are probably other ways to monetize Lambeau. Do deals with local casinos and offer day trips to Titletown, the Packer HOF. I know from living in CA for 18 years that Packer fans are EVERYWHERE! A lot of them would make a pilgrimage to Green Bay, in season or not, just to see Lambeau. Yeah, it really is a special place. Anyway Packer Fan, thanks so much for this info. Very interesting and good job! [/QUOTE]
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The trio of Gute, MLF and Russ Ball all get contract extensions...
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