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Post by laaztec on Jan 16, 2016 12:03:16 GMT -8
Lol, Chargers fans desperately clinging to any shred of hope. Meanwhile all real Aztec fans know we're effectively in a no lose situation. Every option is an upgrade for us, just waiting to see WHICH upgrade. Exactly. I am done debating emotional Chargers fans. SDSU wins no matter what happens. It just depends to what degree. Everyone here is an SDSU so let's Go Aztecs.
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Post by AccessBowlTime on Jan 16, 2016 12:04:58 GMT -8
You should check out Kroenke's history of backstabbing partners. I'd be very wary of teaming up with him especially since he's already backstabbed him once! If Spanos moves, the only way he makes out on this is if he immediately sells, absorbs the 20% tax and the poor sap who buys the team inherits all the problems. You've grabbed at so many straws there are next to none left to grab. My wife and I really like where we live and are doing some remodeling right now. However, if somebody came along and offered us the opportunity to buy a new much nicer house a few blocks north while doubling our personal wealth in the process, once we confirmed that the offer was legit, it would take us no more than a week to begin moving.
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Post by AccessBowlTime on Jan 16, 2016 12:15:17 GMT -8
The Chargers will never gain traction in LA. Signed the Clippers. Using the Clippers model, it should only take the Chargers just over 25 to gain traction in LA. Good luck to them.In other words, even if the Spanos family is as devoid of business savvy as Donald Sterling, over 25 years they will still exponentially increase the value of their sports franchise by moving it to L.A.
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Post by jiggy on Jan 16, 2016 12:41:09 GMT -8
Lol, Chargers fans desperately clinging to any shred of hope. I agree it is laughable. Here's a little nugget from Kevin Acee who's says he is wowed the more he finds out about the LA scenario....he said that the Chargers make up to $50-80 million a year in San Diego but would make $300 million in LA as a partner in Inglewood. Kevin Acee reminds me of my pre teen sister on the phone spreading gossip and enuendo anytime she could so she could get a reaction out of somebody. Think about it. If the opportunity to make that much cash was actually there. Wouldn't you think Deano would have left 10 years ago. By Acee's math the Spano's have pissed away 2 billion+ the last 10 years because they where waiting on SD to build them a stadium. Kevin Acee = Gary Parish
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Post by aardvark on Jan 16, 2016 12:48:40 GMT -8
Using the Clippers model, it should only take the Chargers just over 25 to gain traction in LA. Good luck to them. In other words, even if the Spanos family is as devoid of business savvy as Donald Sterling, over 25 years they will still exponentially increase the value of their sports franchise by moving it to L.A. As I said--good luck to them.
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Post by ab on Jan 16, 2016 12:50:38 GMT -8
The Chargers will never gain traction in LA. Signed the Clippers. Exactly why Spanos shouldn't go to LA.
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Post by ab on Jan 16, 2016 12:52:25 GMT -8
Lol, Chargers fans desperately clinging to any shred of hope. I agree it is laughable. Here's a little nugget from Kevin Acee who's says he is wowed the more he finds out about the LA scenario....he said that the Chargers make up to $50-80 million a year in San Diego but would make $300 million in LA as a partner in Inglewood. Only a fool would believe that Acee has a clue what he writes about. How the hell they going to make that much with only 40k plus or minus in the stands? :rotflmao
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Post by legkick on Jan 16, 2016 12:52:39 GMT -8
In other words, even if the Spanos family is as devoid of business savvy as Donald Sterling, over 25 years they will still exponentially increase the value of their sports franchise by moving it to L.A. Not at all. Putting aside the ridiculousness of comparing Sterling (moved to LA in 1984) to Spanos (theoretically moving in 2016 or 2017), if the Spanoses are as devoid of business savvy as Donald Sterling, then they will likely have to sell the team early. They have to take on a substantial amount of debt simply to move to LA, and even more if they go in 50/50 on a stadium. They don't have that cash, and will have to borrow pretty much everything. If they don't generate significant revenue quickly, or worse, lose big because they underdeliver on getting PSLs and advertisers (a significant risk for a team with ZERO brand in LA), they might not be able to make debt payments.
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Post by jiggy on Jan 16, 2016 13:01:48 GMT -8
In other words, even if the Spanos family is as devoid of business savvy as Donald Sterling, over 25 years they will still exponentially increase the value of their sports franchise by moving it to L.A. Not at all. Putting aside the ridiculousness of comparing Sterling (moved to LA in 1984) to Spanos (theoretically moving in 2016 or 2017), if the Spanoses are as devoid of business savvy as Donald Sterling, then they will likely have to sell the team early. They have to take on a substantial amount of debt simply to move to LA, and even more if they go in 50/50 on a stadium. They don't have that cash, and will have to borrow pretty much everything. If they don't generate significant revenue quickly, or worse, lose big because they underdeliver on getting PSLs and advertisers (a significant risk for a team with ZERO brand in LA), they might not be able to make debt payments. Throw in a huge tax liability upon A.G's death and I could see them losing the team if they did make the move to LA. Exactly what happened to Joe Robbie of the Miami Dolphins.
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Post by legkick on Jan 16, 2016 13:04:06 GMT -8
Throw in a huge tax liability on A.G's death and I could see them losing the team if they did make the move to LA. Exactly what happened to Joe Robbie of the Miami Dolphins. I would imagine that for all of their faults, the Spanos family has been working on this issue for years. Trusts, gifts, grants, etc. to minimize tax liability. How much they will have been able to avoid the tax hit is an open question.
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Post by jiggy on Jan 16, 2016 13:10:35 GMT -8
Throw in a huge tax liability on A.G's death and I could see them losing the team if they did make the move to LA. Exactly what happened to Joe Robbie of the Miami Dolphins. I would imagine that for all of their faults, the Spanos family has been working on this issue for years. Trusts, gifts, grants, etc. to minimize tax liability. How much they will have been able to avoid the tax hit is an open question. I think it would be difficult to manage tax liabilities of asset that increased $500m in the past couple of years. There's no way possible to plan for that type of increase.
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Post by legkick on Jan 16, 2016 13:21:24 GMT -8
I think it would be difficult to manage tax liabilities of asset that increased $500m in the past couple of years. There's no way possible to plan for that type of increase. Not if you've been transferring portions of that asset for years. The increase can then be proportionally attributed to the transferred off portions. How much? Who knows at this point.
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Post by AccessBowlTime on Jan 16, 2016 13:34:12 GMT -8
Acee does sound like a pre-teen girl when he speaks. Not just the timber of his voice but the substance of what he says. And the way he cowers from Scott Kaplan's criticism, just like a pre-teen girl, he clearly has no balls.
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Post by jiggy on Jan 16, 2016 13:41:16 GMT -8
I think it would be difficult to manage tax liabilities of asset that increased $500m in the past couple of years. There's no way possible to plan for that type of increase. Not if you've been transferring portions of that asset for years. The increase can then be proportionally attributed to the transferred off portions. How much? Who knows at this point. Who knows. My only experience has been with my wife's and my parents estates that were stable and managed for a long period of time prior to their deaths. Estates which were summarily gutted by current tax laws upon their deaths. Make no mistake, Uncle Sam will be getting his.
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Post by laaztec on Jan 16, 2016 13:43:05 GMT -8
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Post by Area51 Aztec on Jan 16, 2016 14:17:19 GMT -8
Lol, Chargers fans desperately clinging to any shred of hope. Meanwhile all real Aztec fans know we're effectively in a no lose situation. Every option is an upgrade for us, just waiting to see WHICH upgrade. How do you figure. If the Dolts leave and when the lease between SDSU and the City expires the City will realize it's to expensive to maintain the Q. If it's torn down and SDSU & the state can't or won't buy the MV to build a new stadium what happens? And or SDSU / the state can't build an on campus stadium where does SDSU play football? At USD? At Escondido High stadium? Please tell us? I for one could care less if the Dolts leave. But if they do I sure as hell hope SDSU has a plan and some $$$, otherwise SDSU football will go the way of Long Beach & Pacific.
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Post by aztecbolt on Jan 16, 2016 14:23:04 GMT -8
Using the Clippers model, it should only take the Chargers just over 25 to gain traction in LA. Good luck to them. In other words, even if the Spanos family is as devoid of business savvy as Donald Sterling, over 25 years they will still exponentially increase the value of their sports franchise by moving it to L.A. Spanos is not a visionary, is very indecisive and does not take risks. If he was, he would have gone to LA years ago when he could have waltzed in without any competition but he's just not an aggressive businessman. He didn't even do the heavy lifting with the Carson project. Maybe taking the easy way into LA through Kroenke works for him but it's going to cost him dearly. I do think this is more than just about the money but money is of course the main factor. People can project x amount of dollars they'll be making all day long but one fact that is not debatable is that they're going to be the red-headed stepchild of LA and that is a very risky move to make when you might be borrowing one and a half billion dollars and that goes against Spanos' very conservative nature.
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Post by SDSU-Alum2003 on Jan 16, 2016 15:27:17 GMT -8
Lol, Chargers fans desperately clinging to any shred of hope. Meanwhile all real Aztec fans know we're effectively in a no lose situation. Every option is an upgrade for us, just waiting to see WHICH upgrade. How do you figure. If the Dolts leave and when the lease between SDSU and the City expires the City will realize it's to expensive to maintain the Q. If it's torn down and SDSU & the state can't or won't buy the MV to build a new stadium what happens? And or SDSU / the state can't build an on campus stadium where does SDSU play football? At USD? At Escondido High stadium? Please tell us? I for one could care less if the Dolts leave. But if they do I sure as hell hope SDSU has a plan and some $$$, otherwise SDSU football will go the way of Long Beach & Pacific. "In the short term, SDSU has been in discussions with the city and will be pursuing several options/opportunities that will provide a long term, permanent home for football. While the Chargers are taking the time to evaluate their options, we will continue to push forward with our “Rise to 25” campaign that we launched last year." -Jim Sterk
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Post by aztecfanatico on Jan 16, 2016 15:47:22 GMT -8
Not at all. Putting aside the ridiculousness of comparing Sterling (moved to LA in 1984) to Spanos (theoretically moving in 2016 or 2017), if the Spanoses are as devoid of business savvy as Donald Sterling, then they will likely have to sell the team early. They have to take on a substantial amount of debt simply to move to LA, and even more if they go in 50/50 on a stadium. They don't have that cash, and will have to borrow pretty much everything. If they don't generate significant revenue quickly, or worse, lose big because they underdeliver on getting PSLs and advertisers (a significant risk for a team with ZERO brand in LA), they might not be able to make debt payments. Throw in a huge tax liability upon A.G's death and I could see them losing the team if they did make the move to LA. Exactly what happened to Joe Robbie of the Miami Dolphins. Wouldn't be disappointed if this happened. Go Aztecs! Beat Boise
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Post by AccessBowlTime on Jan 16, 2016 16:23:41 GMT -8
Agree with those who suggest the Spanos family deserves to lose the team. They've led the citizens of SD on a wild goose chase which they have not deserved. The NFL will never admit to it but they know it's the truth and that's among the reasons I think SD will eventually get another NFL franchise.
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