Author Topic: Jaguars New Stadium?  (Read 9781 times)

civil42806

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Re: Jaguars New Stadium?
« Reply #45 on: January 14, 2019, 10:32:10 AM »
Based on comments from friends and family, who are huge Jags fans, this idea is dead on arrival.

Never go full Pauline Kael

Kerry

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Re: Jaguars New Stadium?
« Reply #46 on: January 14, 2019, 11:26:38 AM »
Khan doesn't care if it costs $100 million to leave Jax.  The team will instantly be worth billions more in London.  Revenue streams from the Jags are currently rent and concessions, we need to tap into the real money - team value.  Khan preaches about partnerships - put his money where his mouth is and give the City 10% of the profit when he eventually sells the team.
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Jagsdrew

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Re: Jaguars New Stadium?
« Reply #47 on: January 14, 2019, 11:34:04 AM »
The stadium in Jacksonville wasn't "built" when the other stated stadiums were.  It's actually a re-build of the old municipal stadium or Gator Bowl.

The only part that was left was the upper deck of the west side of the stadium which included the ramps.  The rest was built from the ground up.
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KenFSU

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Re: Jaguars New Stadium?
« Reply #48 on: January 14, 2019, 11:51:32 AM »
The stadium in Jacksonville wasn't "built" when the other stated stadiums were.  It's actually a re-build of the old municipal stadium or Gator Bowl.

The only part that was left was the upper deck of the west side of the stadium which included the ramps.  The rest was built from the ground up.

Yep, it was practically a total rebuild.

Here she is a year before the Jags first season.


Jagsdrew

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Re: Jaguars New Stadium?
« Reply #49 on: January 14, 2019, 11:53:01 AM »
Khan doesn't care if it costs $100 million to leave Jax.  The team will instantly be worth billions more in London.  Revenue streams from the Jags are currently rent and concessions, we need to tap into the real money - team value.  Khan preaches about partnerships - put his money where his mouth is and give the City 10% of the profit when he eventually sells the team.

1. He's not going to sell the team. The enterprise value of the franchise has increased two/three fold for him since he bought it. Would be foolish for him to do that.
    1b. The monetary value of him breaking the lease for say $100 mil like you stated, is probably not a wise business decision either. If it was $10 mil than yeah, he could break it.
2. London is such a logistical nightmare at the moment and until they can work with the league on finances, scheduling, facilites, etc. it is never happening.
    2b. Consider this, the tax rate is higher in the UK than the US, so players would be giving up 10-15% of their paycheck to UK taxes since they are playing in London. What player would want that? Lose out on 10-15% of money especially with how short player's careers are in the NFL.
    2c. Wembley, which is the holy sports mecca of stadiums in the UK, likes hosting a few games. But when you think of the grand scheme of events they host, they would prefer a few NFL games rather than 8 or more. Soccer is what it's built for. Worldwide concerts acts is second. Khan did make an attempt to purchase it, and ultimately didn't happen as there was a strong opposition by the FA.
3. The Jags have a shared model of revenue with the city from concessions, tax surcharge on tickets, parking (most are city owned surface lots, managed by the Jaguars), all the hotels booked for the weekend from fans attending the game.  All of this generates a good amount of revenue for the city.
Twitter: @Jagsdrew

Jagsdrew

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Re: Jaguars New Stadium?
« Reply #50 on: January 14, 2019, 12:03:55 PM »
The stadium in Jacksonville wasn't "built" when the other stated stadiums were.  It's actually a re-build of the old municipal stadium or Gator Bowl.

The only part that was left was the upper deck of the west side of the stadium which included the ramps.  The rest was built from the ground up.

Yep, it was practically a total rebuild.

Here she is a year before the Jags first season.



Upper Deck only bud.
Twitter: @Jagsdrew

Kerry

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Re: Jaguars New Stadium?
« Reply #51 on: January 14, 2019, 12:24:03 PM »
Khan doesn't care if it costs $100 million to leave Jax.  The team will instantly be worth billions more in London.  Revenue streams from the Jags are currently rent and concessions, we need to tap into the real money - team value.  Khan preaches about partnerships - put his money where his mouth is and give the City 10% of the profit when he eventually sells the team.

1. He's not going to sell the team. The enterprise value of the franchise has increased two/three fold for him since he bought it. Would be foolish for him to do that.
    1b. The monetary value of him breaking the lease for say $100 mil like you stated, is probably not a wise business decision either. If it was $10 mil than yeah, he could break it.
2. London is such a logistical nightmare at the moment and until they can work with the league on finances, scheduling, facilites, etc. it is never happening.
    2b. Consider this, the tax rate is higher in the UK than the US, so players would be giving up 10-15% of their paycheck to UK taxes since they are playing in London. What player would want that? Lose out on 10-15% of money especially with how short player's careers are in the NFL.
    2c. Wembley, which is the holy sports mecca of stadiums in the UK, likes hosting a few games. But when you think of the grand scheme of events they host, they would prefer a few NFL games rather than 8 or more. Soccer is what it's built for. Worldwide concerts acts is second. Khan did make an attempt to purchase it, and ultimately didn't happen as there was a strong opposition by the FA.
3. The Jags have a shared model of revenue with the city from concessions, tax surcharge on tickets, parking (most are city owned surface lots, managed by the Jaguars), all the hotels booked for the weekend from fans attending the game.  All of this generates a good amount of revenue for the city.

Revenue means squat.  The City should make a profit from the stadium.  Of course, if stadium ownership was profitable in Jax Khan would have already built his own or offered to buy the current one.
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fieldafm

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Re: Jaguars New Stadium?
« Reply #52 on: January 14, 2019, 12:42:45 PM »
Khan doesn't care if it costs $100 million to leave Jax.  The team will instantly be worth billions more in London.  Revenue streams from the Jags are currently rent and concessions, we need to tap into the real money - team value.  Khan preaches about partnerships - put his money where his mouth is and give the City 10% of the profit when he eventually sells the team.

1. He's not going to sell the team. The enterprise value of the franchise has increased two/three fold for him since he bought it. Would be foolish for him to do that.
    1b. The monetary value of him breaking the lease for say $100 mil like you stated, is probably not a wise business decision either. If it was $10 mil than yeah, he could break it.
2. London is such a logistical nightmare at the moment and until they can work with the league on finances, scheduling, facilites, etc. it is never happening.
    2b. Consider this, the tax rate is higher in the UK than the US, so players would be giving up 10-15% of their paycheck to UK taxes since they are playing in London. What player would want that? Lose out on 10-15% of money especially with how short player's careers are in the NFL.
    2c. Wembley, which is the holy sports mecca of stadiums in the UK, likes hosting a few games. But when you think of the grand scheme of events they host, they would prefer a few NFL games rather than 8 or more. Soccer is what it's built for. Worldwide concerts acts is second. Khan did make an attempt to purchase it, and ultimately didn't happen as there was a strong opposition by the FA.
3. The Jags have a shared model of revenue with the city from concessions, tax surcharge on tickets, parking (most are city owned surface lots, managed by the Jaguars), all the hotels booked for the weekend from fans attending the game.  All of this generates a good amount of revenue for the city.

Revenue means squat.  The City should make a profit from the stadium.  Of course, if stadium ownership was profitable in Jax Khan would have already built his own or offered to buy the current one.

Just like Chesapeake Energy Arena in OKC throws off a massive profit, right Comrade?

Don't have the actual numbers at hand... but Jags-related rent and ticket/concession revenues amounts to somewhere around $14mm/year... and about $2mm 'profit' gets directed back into the stadium's maintenance fund each year.

KenFSU

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Re: Jaguars New Stadium?
« Reply #53 on: January 14, 2019, 01:03:18 PM »
The stadium in Jacksonville wasn't "built" when the other stated stadiums were.  It's actually a re-build of the old municipal stadium or Gator Bowl.

The only part that was left was the upper deck of the west side of the stadium which included the ramps.  The rest was built from the ground up.

Yep, it was practically a total rebuild.

Here she is a year before the Jags first season.



Upper Deck only bud.


Wow, great pic!

fieldafm

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Re: Jaguars New Stadium?
« Reply #54 on: January 14, 2019, 01:08:09 PM »
Via Times Union archives


Jagsdrew

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Re: Jaguars New Stadium?
« Reply #55 on: January 14, 2019, 01:22:47 PM »
There's a great photo at Russ Doe's right around the corner from the stadium of a sunset and the sun is shining through the skeleton of the upper deck left standing.  That's if you can find the photo at his establishment which he has tons of framed photos from over the years.
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Kerry

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Re: Jaguars New Stadium?
« Reply #56 on: January 14, 2019, 02:32:37 PM »
Khan doesn't care if it costs $100 million to leave Jax.  The team will instantly be worth billions more in London.  Revenue streams from the Jags are currently rent and concessions, we need to tap into the real money - team value.  Khan preaches about partnerships - put his money where his mouth is and give the City 10% of the profit when he eventually sells the team.

Just like Chesapeake Energy Arena in OKC throws off a massive profit, right Comrade?

Don't have the actual numbers at hand... but Jags-related rent and ticket/concession revenues amounts to somewhere around $14mm/year... and about $2mm 'profit' gets directed back into the stadium's maintenance fund each year.

I don't know the profitability of Chesapeake Arena.
 However, it wasn't built for the Thunder.  It opened 6 years BEFORE the Thunder came to Oklahoma City.  There was an expansion in 2008 that was basically a give away to the team but 2 wrongs don't make a right.
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fieldafm

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Re: Jaguars New Stadium?
« Reply #57 on: January 14, 2019, 02:40:06 PM »
And Fairfield Stadium/Gator Bowl/TIAA Bank Field has been around in some form since the 1920's (preceding the Jaguars by almost two lifetimes), so what's your point? (insert half-baked Jacksonville sucks rant here)
« Last Edit: January 14, 2019, 02:43:04 PM by fieldafm »

Snaketoz

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Re: Jaguars New Stadium?
« Reply #58 on: January 14, 2019, 02:45:04 PM »
The stadium in Jacksonville wasn't "built" when the other stated stadiums were.  It's actually a re-build of the old municipal stadium or Gator Bowl.

The only part that was left was the upper deck of the west side of the stadium which included the ramps.  The rest was built from the ground up.
Did you forget about the land the stadium sits on?  Parking lots, infrastructure, etc.?  Still much cheaper than most of the other cities had to shell out.

JBTripper

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Re: Jaguars New Stadium?
« Reply #59 on: January 14, 2019, 02:46:31 PM »
At some point Jacksonville will grow weary of Khan's and Lamping's veiled threats and blackmail. This whole story plant is about greasing the taxpayer for more "partnership".

I'm already there.  I will volunteer to help them load the moving van for London.  The two happiest days in Jax history #1 The day the Jags arrived.  #2 The day the Jags leave.

Placing a permanent NFL franchise in London is no more logistically feasible than moving said franchise there in a van.