SunCityCarl
Hall of Famer
I think he writes this every year....
http://www.azcentral.com/sports/cheapseats/gambo/1215rant.html
http://www.azcentral.com/sports/cheapseats/gambo/1215rant.html
GAMBO Rant 12/15
- Thread starter SunCityCarl
- Start date
- Joined
- May 13, 2002
- Posts
- 9,775
- Reaction score
- 13
I just read that.
PS - I love your signature quote
While the Bidwillsmay have been sitting on a bunch of cash a few years ago - perhaps after the 98 playoff run, etc..I would speculate by summer of 2004 until the new stadium opens...cash may be kind of tight for them - but this is a guess.. Why?
1. Curious to know how much in signing bonuses they have shelled out in the past 12 months...I think the largest is SHelton - not sure what Davis received..while the offseason was obviousy not that much - they probably spent the budget on the re-signings..
2. They have a substantial commitment for the new stadium..I thought it was $75 - $80 Million. Granted - alot of this will be borrowed - but it does increase their debt significantly. They will have to fork over the $$ prior to gettting any benefit -- that will come later - and the value of the franchise will go up alot to offset the $$ borrowed - but that cannot really be realized until they sell - which is not going to happen IMO.
3. They will have to eat the contracts of the coaching staff and pay up for a new coach this offseason.
4. They will have a top 5 pick - even if they trade for 2 1st rounders - it will still be a bunch of dough. An overall #1 pick will cost a fortune in signing bonus.
5. We will sign a few free agents this offseason.
6. Attendance sucks....not that it matters much with TV contracts - but I am curious to know by how much they trail the rest of the NFL in ticket revenue..
7. I doubt incoming sponsorship $$ is very much.
Personally...I do not think that for 2003 and 2004 the bidwills will be rolling around in $$ like everyone thinks...I do not think that is entirely accurate. They have obviously $$ sitting around that came in mostly the tv contracts that is shared by all teams.. - but they have some big commitments coming up - and they will not really reap the benefits of being in the new stadium until 2006...
1. Curious to know how much in signing bonuses they have shelled out in the past 12 months...I think the largest is SHelton - not sure what Davis received..while the offseason was obviousy not that much - they probably spent the budget on the re-signings..
2. They have a substantial commitment for the new stadium..I thought it was $75 - $80 Million. Granted - alot of this will be borrowed - but it does increase their debt significantly. They will have to fork over the $$ prior to gettting any benefit -- that will come later - and the value of the franchise will go up alot to offset the $$ borrowed - but that cannot really be realized until they sell - which is not going to happen IMO.
3. They will have to eat the contracts of the coaching staff and pay up for a new coach this offseason.
4. They will have a top 5 pick - even if they trade for 2 1st rounders - it will still be a bunch of dough. An overall #1 pick will cost a fortune in signing bonus.
5. We will sign a few free agents this offseason.
6. Attendance sucks....not that it matters much with TV contracts - but I am curious to know by how much they trail the rest of the NFL in ticket revenue..
7. I doubt incoming sponsorship $$ is very much.
Personally...I do not think that for 2003 and 2004 the bidwills will be rolling around in $$ like everyone thinks...I do not think that is entirely accurate. They have obviously $$ sitting around that came in mostly the tv contracts that is shared by all teams.. - but they have some big commitments coming up - and they will not really reap the benefits of being in the new stadium until 2006...
Last edited:
He's just trolling,........ probably trying to stir up enough response to demonstrate to those who cut his paycheck that ANYONE even pays any attention to him to begin with.
I wonder if HIS contract expires this month?
I wonder if HIS contract expires this month?
JeffGollin
ASFN Icon
He's just trolling
Yup. I do believe, however, that some sort of major, visible shake up in the Cardinal management structure (from the Big Guy on down) will be necessary if we're to attract a really good coach.
The bonus in doing this is that the change (if legitimate) would (a) help the new coach be successful and (b) make it easier, in turn, to attract better FA's.
BTW - Does anyone else get the feeling that, if left unchecked, Gambo might leap out of the screen, bite someone and give them rabies?
Yup. I do believe, however, that some sort of major, visible shake up in the Cardinal management structure (from the Big Guy on down) will be necessary if we're to attract a really good coach.
The bonus in doing this is that the change (if legitimate) would (a) help the new coach be successful and (b) make it easier, in turn, to attract better FA's.
BTW - Does anyone else get the feeling that, if left unchecked, Gambo might leap out of the screen, bite someone and give them rabies?
Have you seen him? If he does jump out of the screen just swat him with a rolled up newspaper. That's about all it would take to send him yelping away, tail between his legs.
Anther typical effort by Gambo!
Sorry,
Missed your e-mail and posted this article myself.
My thoughts written in the other post...
I think the writer missed big-time on most of this article.
Yes, I am frustrated. Hate Bidwill??? Not even close. Upset, yes. Holding him accountable for his side, yes. But Bidwill has shown me that he is a good man and a asset to this community.
As an Owner of our Cardinal Team, he seems to leave a lot to be desired. But I would love to see him as owner AND have a Superbowl Championship. There is something SO right about that image...I just wish he would spend the money needed to enable it while the coaching and player effort / talent would be there to make it happen.
Remember, spending money is ONLY an enabler. Ask Snyder. Coaching has to be right, and players have to make plays.
Missed your e-mail and posted this article myself.
My thoughts written in the other post...
I think the writer missed big-time on most of this article.
Yes, I am frustrated. Hate Bidwill??? Not even close. Upset, yes. Holding him accountable for his side, yes. But Bidwill has shown me that he is a good man and a asset to this community.
As an Owner of our Cardinal Team, he seems to leave a lot to be desired. But I would love to see him as owner AND have a Superbowl Championship. There is something SO right about that image...I just wish he would spend the money needed to enable it while the coaching and player effort / talent would be there to make it happen.
Remember, spending money is ONLY an enabler. Ask Snyder. Coaching has to be right, and players have to make plays.
Last edited:
note to Gambo:
Every NFL owners driveway is filled with Hummers, Mercedes, Porsches, BMW's..as are the driveways of all of their kids and grandkids who are of driving age....
So are the driveways of most of the players, head coaches, and their spouses..I park next to the players lot at SDS...it looks like a combination of a Hummer, Escalade and Porsche new car lot.
All of the owners are rich beyond imagination...and I would speculate that the Bidwills are about the cash and asset poorest of the bunch...
Every NFL owners driveway is filled with Hummers, Mercedes, Porsches, BMW's..as are the driveways of all of their kids and grandkids who are of driving age....
So are the driveways of most of the players, head coaches, and their spouses..I park next to the players lot at SDS...it looks like a combination of a Hummer, Escalade and Porsche new car lot.
All of the owners are rich beyond imagination...and I would speculate that the Bidwills are about the cash and asset poorest of the bunch...
LVCARDFREAK
In the league 20 years!
Who cares if the owners are rich and get paid? I dont!
What he is saying though is why this team gives lip service to wanting to win, and needing a stadium, trying to get FA's etc, it doesnt really have to "squeeze their wallett" much because due to NFL revenus sharing, they will always make a profit!
I dont really like Gambo much, but explain to me how he is wrong in that sense? I dont havte the Bidwills, but unless they turn around their way of doing business, how can you argue with him?
What he is saying though is why this team gives lip service to wanting to win, and needing a stadium, trying to get FA's etc, it doesnt really have to "squeeze their wallett" much because due to NFL revenus sharing, they will always make a profit!
I dont really like Gambo much, but explain to me how he is wrong in that sense? I dont havte the Bidwills, but unless they turn around their way of doing business, how can you argue with him?
- Joined
- Jan 2, 2003
- Posts
- 92,995
- Reaction score
- 72,303
drink a lot of Kool-Aid! Honestly - we would all be jumping to the heavens for joy if the Bidwills sold this team and everyone here knows it - doesn't mean you have to hate the family - but they sure do suck as owners and a parade would be thrown in Phoenix if they ever sold.
Krangodnzr
Captain of Team Conner
The Cardinals DON'T make much of a profit. The financial documents clearly supports that notiong (and looking at attendance).
Gambo makes it out like this team is making a 30 million dollar profit, when it is really only making between 500,000- 1,000,000 dollars yearly.
- Joined
- Jan 2, 2003
- Posts
- 92,995
- Reaction score
- 72,303
Krang - where did the above info come from - not calling you out - I've just never seen where any kind of numbers for something like that have ever been published.
LVCARDFREAK
In the league 20 years!
But is that strickly from ticket sales and revenue sharing? What about concessions? merchandise, parking, etc etc?
In looking up the financials on the web (I dont know how accurate this is) it said AZ cards revenue for 2002 110 million dollars, net profit 3.8 million dollars.
And are 32 of 32 in franchise worth
the profit for the Cardinals is hard to determine.. When the league talks about losing money (mostly baseball - not so much football) - they give net income #'s...which includes non-cash items like depreciation, amortization of goodwill and non-recurring writeoffs, etc.....so while net income is technically the profit of the teams..it is not really the cash income and expenses that you would typically think of when you think of "profits". There was a court case against one of the pro sports team a few years ago - and they were trying to determine profits for the purposes of how much money they made and there was a big battle as to whether cash income expenses should be used as opposed to net income (which as previously includes alot of non-cash stuff)...
Krang: the only number I have ever heard was third of fourth hand..from someone who knew someone who had done some financial work for the bidwills in the mid-1990's...but I did not know the source directly and information could be way inaccurate....but the word I got was that the Bidwill family took home +- $4 - 5 million per year for the early 1990's..but you divide that among 3 or 4 families...and it is not as much as you would think.
Per yahoo..the revenue for 2002 was $110 million. See link attached. if someone spent the time trying to deduct all salaries (players and coaches are the bulk of it) and bonuses paid in 2002, and guessed at coaches salaries, home office overhead, rent, etc...you could probably get within a few million bucks of the actual number. If any of this info is close to accurate - the margin for error is not as much as you would think...but the opposite side of the coin is that you could get more revenue than the $110 million if the product was better (which would sell more tickets, sponsorships and merchandise).
link to yahoo info below..I did not punch in other nfl teams to see how we compare in revenue.
http://biz.yahoo.com/ic/46/46794.html
Krang: the only number I have ever heard was third of fourth hand..from someone who knew someone who had done some financial work for the bidwills in the mid-1990's...but I did not know the source directly and information could be way inaccurate....but the word I got was that the Bidwill family took home +- $4 - 5 million per year for the early 1990's..but you divide that among 3 or 4 families...and it is not as much as you would think.
Per yahoo..the revenue for 2002 was $110 million. See link attached. if someone spent the time trying to deduct all salaries (players and coaches are the bulk of it) and bonuses paid in 2002, and guessed at coaches salaries, home office overhead, rent, etc...you could probably get within a few million bucks of the actual number. If any of this info is close to accurate - the margin for error is not as much as you would think...but the opposite side of the coin is that you could get more revenue than the $110 million if the product was better (which would sell more tickets, sponsorships and merchandise).
link to yahoo info below..I did not punch in other nfl teams to see how we compare in revenue.
http://biz.yahoo.com/ic/46/46794.html
Last edited:
I'm not a fan of Gambo but I really can't argue with anything that he wrote. I think that the root of all of the Cardinals problems start with ownership and nothing will change until there is a change in ownership. The Cardinals will not be able to attract a high profile coach and will likely be choosing a coach after all the other teams coaching positions are filled.
Also, if the Bidwill's were only making 500,000 - 1,000,000 a year they would have sold the team along time ago. Owning the Cardinals is a very lucrative investment.
Krangodnzr
Captain of Team Conner
Well that's not what the financial documents showed when they were released due to the Raiders lawsuit against the NFL.
That year the Cards made an operating profit of $ 500,000. Second worst in the NFL.
But don't let facts like that get in the way of a good argument.
Originally posted by Krangthebrain
Well that's not what the financial documents showed when they were released due to the Raiders lawsuit against the NFL.
That year the Cards made an operating profit of $ 500,000. Second worst in the NFL.
But don't let facts like that get in the way of a good argument.
Did that financial statement show only football operations money or did it include the lucrative merchanidising money which never really hits the books? That is money that is not reported in the "health" of a football team generally speaking.
EDIT: Although on further thought, maybe the Cards do only make that much each year. I mean, they didn't bother getting jersey's for their best player into the Team Shop until about a week ago so...
Sorry, for as long as that family has owned that team, they really are high end wealthy.
Krangodnzr
Captain of Team Conner
I don't know. But $500,000 compared to the many millions that owners like Snyder makes is ridiculous.
Anyone with business savvy understands that a business looks to maximize profits. Bidwill is not maximizing profits. Is because he is greedy? HELL NO. Only someone who doesn't have a lick of business sense would say that. Incompetence, yeah, I think that's the problem.
LV, the Cards don't get money for the concessions and parking. That money stays with ASU. Also, think about this. If you had $350 to $400 million to invest (net worth of the team), would you be satisified with a 1% return on your investment ($3,800,000)? And that's considering you are right in your assessment of their net profit. I tend to agree with Krang that it's probably more realistic that they are only clearing $500,000.00 a year. Thats only .00125 %.
Krangodnzr
Captain of Team Conner
Whatever the real numbers are, this team is clearly not making much money, and it is the ultimate idiocy to say that they are raking in the dough like Gambodumbass is saying.
I'll admit it, I would be ecstatic if is radio show went down the tubes, and he was forced to move back to NY. He doesn't even like the local teams, and that's a slap in the face to all the local sports fans.
I sure did like when the D-Backs beat the Yanks in the WS.
Whatever the real numbers are, this team is clearly not making much money, and it is the ultimate idiocy to say that they are raking in the dough like Gambodumbass is saying.
Unless you read the entire financial statement you don't know how much money the Bidwills are making from the operation of a football team.
Remember that a businessman's number one goal is to maximize profits while producing financial statements that MINIMIZE profits for tax purposes.
Salary, depreciation and other items can reduce the bottom line shown on the financial while those funds find their way into the owners pocket. Bill might be taking a $50million annual salary for all we know.
I wonder if depreciation of players value is still allowed under US tax code?
Unless you read the entire financial statement you don't know how much money the Bidwills are making from the operation of a football team.
Remember that a businessman's number one goal is to maximize profits while producing financial statements that MINIMIZE profits for tax purposes.
Salary, depreciation and other items can reduce the bottom line shown on the financial while those funds find their way into the owners pocket. Bill might be taking a $50million annual salary for all we know.
I wonder if depreciation of players value is still allowed under US tax code?
MaoTosiFanClub
The problem
I think that's a big part of the reason his show is so successful. It's like the whole Howard Stern thing: people who hated Stern listened to his show just as much as people who liked him. Also ****** Gambo is just like many other transplants in the Valley: they have kept their old allegiances and hate on local teams.
