bearrock Posted March 19, 2023 Share Posted March 19, 2023 17 minutes ago, SoCalSkins said: Harrris will need to put up 2 billion hard cash to complete the purchase barring a waiver from the NFL. He’s not going to get much if any public financing for the stadium. So he will need further waivers and debt at a time of increasing interest rates. He is spread too thin and has too many ventures for relatively limited resources. Jeff Lurie bought the eagles for $185 million. If Harris was playing the game with those economic conditions non issue. The economics of NFL ownership have completely changed. Harris is not a slam dunk given his financials. No one pays for stadium out of pocket. It's financed and collateralized by the stadium itself. But a stadium project done right will more than pay for itself (see Dallas). They have 12 billion at least. Harris has teams in the NBA and premier league, which rakes in money. I doubt getting a team in the NFL which rakes in even more money is all the sudden going to cause a liquidity problem. Link to comment Share on other sites More sharing options...
Riggo#44 Posted March 19, 2023 Share Posted March 19, 2023 9 minutes ago, Spaceman Spiff said: I hope everyone is having a great Saturday afternoon except Dan Snyder. Even the Nationals?! I knew it! Welcome to the good guys, buddy!! 1 1 Link to comment Share on other sites More sharing options...
Est.1974 Posted March 19, 2023 Share Posted March 19, 2023 10 minutes ago, Spaceman Spiff said: I hope everyone is having a great Saturday afternoon except Dan Snyder. I’m enjoying my Sunday 1 Link to comment Share on other sites More sharing options...
RVAskins Posted March 19, 2023 Share Posted March 19, 2023 59 minutes ago, SoCalSkins said: Harris comes with too much risk because he is not rich enough to play at this level. It’s as simple as that. This comment makes no sense. It's reported that Josh Harris is worth 5.7 billion. That's more than roughly 17 current NFL owners. 2 Link to comment Share on other sites More sharing options...
SoCalSkins Posted March 19, 2023 Share Posted March 19, 2023 Just now, bearrock said: No one pays for stadium out of pocket. It's financed and collateralized by the stadium itself. But a stadium project done right will more than pay for itself (see Dallas). They have 12 billion at least. Harris has teams in the NBA and premier league, which rakes in money. I doubt getting a team in the NFL which rakes in even more money is all the sudden going to cause a liquidity problem. Do you know who doesn’t have any potential financial or cash flow issues? The guy who spent 5 billion to spend a couple of minutes in low earth orbit. Link to comment Share on other sites More sharing options...
RVAskins Posted March 19, 2023 Share Posted March 19, 2023 Just now, Est.1974 said: I’m enjoying my Sunday Happy Thanksgiving! 1 Link to comment Share on other sites More sharing options...
Riggo#44 Posted March 19, 2023 Share Posted March 19, 2023 Just now, RVAskins said: This comment makes no sense. It's reported that Josh Harris is worth 5.7 billion. That's more than roughly 17 current NFL owners. Likewise local jurisdictions will be far more amenable to helping him build a stadium. 1 Link to comment Share on other sites More sharing options...
spjunkies Posted March 19, 2023 Share Posted March 19, 2023 Isn't Harris building a new billion dollar arena in Philly? I'm sure he'll be happy about spending more for new Commanders facilities. Link to comment Share on other sites More sharing options...
SoCalSkins Posted March 19, 2023 Share Posted March 19, 2023 Just now, RVAskins said: This comment makes no sense. It's reported that Josh Harris is worth 5.7 billion. That's more than roughly 17 current NFL owners. Those owners didn’t buy for 6 billion. He should have 30 to 60 billion at this price. Link to comment Share on other sites More sharing options...
RVAskins Posted March 19, 2023 Share Posted March 19, 2023 Just now, SoCalSkins said: Those owners didn’t buy for 6 billion. He should have 30 to 60 billion at this price. And Harris won't be writing a check for 6 billion. It just doesn't work that way. It's not cash and carry. Link to comment Share on other sites More sharing options...
bearrock Posted March 19, 2023 Share Posted March 19, 2023 1 minute ago, SoCalSkins said: Do you know who doesn’t have any potential financial or cash flow issues? The guy who spent 5 billion to spend a couple of minutes in low earth orbit. If you want to argue that Bezos is a better prospective owner, that's different. There are plenty of reasonable people who may agree with you. That's not what you're doing though. Harris doesn't have to be a bad prospective owner for Bezos to be a good one. From where I sit, it seems like both have very good potential and I would welcome either one. 2 1 Link to comment Share on other sites More sharing options...
CapsSkins Posted March 19, 2023 Share Posted March 19, 2023 All right guys, I'm getting to the bottom of this. I looked up Josh Harris in the Wharton alumni directory - gonna shoot him an email and see what's up. 😂 (Yes, it does actually list his email. No, I'm not actually going to do it) 1 2 Link to comment Share on other sites More sharing options...
hailer21 Posted March 19, 2023 Share Posted March 19, 2023 Just now, SoCalSkins said: Do you know who doesn’t have any potential financial or cash flow issues? The guy who spent 5 billion to spend a couple of minutes in low earth orbit. You dont know what potential cash flow issues the Harris/Rales group will have, your specualtion as to why they might doesn't make any sense, and as many have pointed out - Bezos immense wealth doesn't automatically mean he's spending it all on this team. You're infatuation with Bezos may be misguided. Stop trolling and enjoy this moment, please. 3 Link to comment Share on other sites More sharing options...
SoCalSkins Posted March 19, 2023 Share Posted March 19, 2023 1 minute ago, RVAskins said: And Harris won't be writing a check for 6 billion. It just doesn't work that way. It's not cash and carry. He has to write a check for 2 billion. None of it debt. He doesn’t have the resources. It’s a house of cards. Just like Dan. Link to comment Share on other sites More sharing options...
Est.1974 Posted March 19, 2023 Share Posted March 19, 2023 Andre the Giant is typing...news incoming.... 2 minutes ago, SoCalSkins said: He has to write a check for 2 billion. None of it debt. He doesn’t have the resources. It’s a house of cards. Just like Dan. Doesn’t Rales have an equal level of wealth to Harris ? 3 Link to comment Share on other sites More sharing options...
NoVaSkins21 Posted March 19, 2023 Share Posted March 19, 2023 I think Snider was right, although he's hardly a source. We might have to wait until mid-week to get news about the sale and planning a parade. Link to comment Share on other sites More sharing options...
Riggo#44 Posted March 19, 2023 Share Posted March 19, 2023 1 minute ago, Est.1974 said: Andre the Giant is typing...news incoming.... If it's Rick Snider again, I'm going to be very disappointed 3 Link to comment Share on other sites More sharing options...
Andre The Giant Posted March 19, 2023 Share Posted March 19, 2023 Ian Rappaport said on Pat McAfee recently that it would make some sense if Harris won the Commanders bid, because of his Pro Sports Ownership experience. Said the Commanders need a lot of help and competency throughout the organization (even mentioned Marketing as an example). Feel as a NFL Network Reporter, Ian often serves as a mouthpiece for the league. 3 Link to comment Share on other sites More sharing options...
Est.1974 Posted March 19, 2023 Share Posted March 19, 2023 ****ing Hell, decades of Snyder and we can’t be happy over a prospective new billionaire owner. That’s a bit odd to be honest. 6 2 2 Link to comment Share on other sites More sharing options...
RVAskins Posted March 19, 2023 Share Posted March 19, 2023 4 minutes ago, SoCalSkins said: He has to write a check for 2 billion. None of it debt. He doesn’t have the resources. It’s a house of cards. Just like Dan. So you are his accountant? 1 Link to comment Share on other sites More sharing options...
SoCalSkins Posted March 19, 2023 Share Posted March 19, 2023 4 minutes ago, CapsSkins said: All right guys, I'm getting to the bottom of this. I looked up Josh Harris in the Wharton alumni directory - gonna shoot him an email and see what's up. 😂 (Yes, it does actually list his email. No, I'm not actually going to do it) Have you seen the show the Americans? Have you ever seen Josh Harris and Putin in the same room? 5 minutes ago, Est.1974 said: Andre the Giant is typing...news incoming.... Doesn’t Rales have an equal level of wealth to Harris ? Doesn't matter. The lead owner needs to pony up 30% hard cash of the purchase price. Those are NFL rules. They can waive them but requires 24 votes. 3 minutes ago, RVAskins said: So you are his accountant? I understand basic math. Link to comment Share on other sites More sharing options...
CapsSkins Posted March 19, 2023 Share Posted March 19, 2023 1 minute ago, SoCalSkins said: Have you seen the show the Americans? Have you ever seen Josh Harris and Putin in the same room? I have, actually. They were playing gin rummy with Gandhi arguing over whether Sam Howell is a "legitimate" 5th round pick. 1 Link to comment Share on other sites More sharing options...
Spaceman Spiff Posted March 19, 2023 Share Posted March 19, 2023 15 minutes ago, Riggo#44 said: Even the Nationals?! I knew it! Welcome to the good guys, buddy!! Sure, even the Nats. Been downhill for them since the World Series. They need all the good stuff they can get. Link to comment Share on other sites More sharing options...
method man Posted March 19, 2023 Share Posted March 19, 2023 @SoCalSkins You do realize that publicly available “net worths” of individuals are oftentimes incorrect right, especially for a guy like Harris who has interests in a lot of illiquid private entities? 2 Link to comment Share on other sites More sharing options...
BatteredFanSyndrome Posted March 19, 2023 Share Posted March 19, 2023 Forbes does about as good of a job as possible with public information. But nobody aside from the billionaire himself and his accountants and bankers know how much these people are really worth. Let SoCal tell it and there’s only one man in America that can truly afford to buy an NFL team. So basically some broke ass is going to buy us, Bezos will buy the Seahawks and no team will ever be sold again from that point forward. 🤣 2 4 Link to comment Share on other sites More sharing options...
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