Jump to content

What would it take for Snyder to sell the team?


TOUCAN

Recommended Posts

Just now, Thaiphoon said:

He can literally get a new stadium right where Fed Ex field is now. He won't be turned down for permits and IMHO, it makes the most sense for him to stay right there.

 Additionally, neither MD or VA have been on record as that as a precondition for him getting a stadium. DC on the other hand has said he needs to change the name first, so...

But his hubris wants it to be in DC does it not?

Link to comment
Share on other sites

Just now, JoshstraDaymus said:

But his hubris wants it to be in DC does it not?

Kinda. He also wants to be liked. So "bringing it back to DC" would get a lot of fans feeling nostalgic again back to the glory days.

So he might prefer the location to be DC. But just like with JKC, he may end up in MD at the same site.

  • Like 1
Link to comment
Share on other sites

18 hours ago, MikeT14 said:

Sorry, the latter. Money always talks, and someone will get their pockets lined with $, and can help make it happen.

But he needs to have a winning team for it to happen.  Right now, no one is playing ball with him because he has no leverage.  With the way things are going, he's going to be stuck paying for it himself and tearing down Fed Ex.  

  • Like 3
Link to comment
Share on other sites

15 hours ago, JoshstraDaymus said:

But his hubris wants it to be in DC does it not?

His hubris wants a stadium like Jerry World, so he can host Super Bowls, National Championships, Wrestlemania, etc, and wants it on the taxpayer's dime.  In my opinion, it doesn't matter if that's in DC, Maryland or Virginia, as long as he isn't footing the bill for it.  

  • Like 4
Link to comment
Share on other sites

On 11/21/2019 at 3:40 PM, MKnight82 said:

It won't be that, he will threaten to move the team to a city that will give him a stadium.  

My first reaction when reading that: "well ... that'd suck ... but okay then. Bye."

Seriously, I couldn't even get the least bit indignant or angry about it if he tried. I'm that tired of this rodeo circus.

  • Like 4
Link to comment
Share on other sites

On 11/21/2019 at 4:52 PM, turtle28 said:

Nothing, the league would have to force him to sell it and I don't see that happening bc despite the poor product on the field the team is still worth $3.4 billion - the 7th highest in the league - and that will increase when Snyder builds his new stadium in a few years.

https://www.google.com/amp/s/www.cbsnews.com/amp/pictures/nfl-teams-list-most-valuable-ranked/

Quote

7. Washington Redskins, $3.4 billion

The Redskins' franchise value jumped 10% since 2018. That value could increase even more if the Redskins get a new stadium in the near future.

 

Quote

Despite poor results on the field, Washington is still one of the biggest-earning franchises, with $493 million in projected revenue this year.

https://www.forbes.com/sites/mikeozanian/2012/09/05/dallas-cowboys-lead-nfl-with-2-1-billion-valuation/#46275c8e7eb0

In 2012

  1. Dallas = $2.10B
  2. New England = $1.64B
  3. Washington = $1.60B
  4. NY Giants = $1.47B
  5. Houston = $1.31B
  6. NY Jets = $1.28B
  7. Philadelphia = $1.26B
  8. Chicago = $1.19B
  9. San Francisco = $1.18B
  10. Green Bay = $1.16B
  11. Baltimore = $1.16B
  12. Indianapolis = $1.15B
  13. Denver = $1.13B
  14. Pittsburgh = $1.10B
  15. Miami = $1.06B
  16. Carolina = $1.05B
  17. Seattle = $1.04B
  18. Tampa Bay = $1.03B
  19. Tennessee = $1.01B
  20. Kansas City = $1.01B
  21. Cleveland = $987M
  22. Minnesota = $975M
  23. New Orleans = $971M
  24. San Diego = $936M
  25. Arizona = $922M
  26. Cincinnati = $871M
  27. Detroit = $855M
  28. Atlanta = $837M
  29. Buffalo = $805M
  30. Oakland = $785M
  31. St. Louis = $780M
  32. Jacksonville = $770M

So change in franchise values in 7 years (bolded teams have opened or will open a new stadium since then, italicized and underlined teams had done some renovations in the timeframe (as listed on the stadium Wikipedia page); not all of them are major renovations)

  1. St. Louis/LA Rams = 387%
  2. Oakland = 269%
  3. Atlanta = 229%
  4. Jacksonville = 202%
  5. San Francisco = 197%
  6. Chicago = 190%
  7. Minnesota = 177%
  8. San Diego/LA Chargers = 167%
    Seattle = 167%
  9. Denver = 165%
    NY Giants = 165%
  10. Dallas = 162%
  11. Miami = 160%
  12. Pittsburgh = 155%
  13. NY Jets = 150%
    New England = 150%
  14. Green Bay = 146%
  15. Arizona = 144%
  16. Philadelphia = 142%
  17. Baltimore = 137%
  18. Buffalo = 136%
    Houston = 136%
  19. New Orleans = 134%
  20. Cincinnati = 130%
    Indianapolis = 130%
  21. Carolina = 129%
  22. Detroit = 128%
    Kansas City = 128%
  23. Cleveland = 120%
  24. Tampa Bay = 114%
  25. Tennessee = 113%
    Washington = 113%

 

Thus, a few things:

  1. Washington, as one of the traditional premiere franchises of the NFL, is lagging badly in terms of valuations relative to the rest of the league.
  2. A new stadium would catapult the value.
  3. New stadia take a long time to happen, just from a construction point. Snyder isn't even to that point (or anywhere close).
  4. Even if he never got a new stadium, he would still make money hand over fist (how many of us would love to have an asset that doubled in value over seven years?).

 

So, the "high valuation" that gets bandied about is basically leftover trajectory from when Jack Kent Cooke owned the team. That's now starting to peter out. However, turtle and the rest of the "he'll never sell" crowd are right: being an NFL owner is just a money mint. Unless someone like Jeff Bezos goes WAY over the top ($5.1B, 150% valuation from where Washington is right now, is probably the floor at which Snyder would even consider selling ... probably need to start at $5.5B or $6B), Snyder is owning the team until he's dead (barring a Donald Sterling scenario).

  • Like 2
Link to comment
Share on other sites

On 11/21/2019 at 5:06 PM, Thaiphoon said:

Kinda. He also wants to be liked. So "bringing it back to DC" would get a lot of fans feeling nostalgic again back to the glory days.

So he might prefer the location to be DC. But just like with JKC, he may end up in MD at the same site.

I think DC is also trying to get the land around RFK rezoned for housing. That's probably going to be a hard sell with the Park Service, but that's their wish. A NFL stadium isn't going to gentrify like Nats Park or CapitalOne Arena would (since those have events ~22-25% of the year), so the name can be used as a block for DC.

  • Like 1
Link to comment
Share on other sites

On 11/22/2019 at 8:56 AM, naptownskinsfan said:

But he needs to have a winning team for it to happen.  Right now, no one is playing ball with him because he has no leverage.  With the way things are going, he's going to be stuck paying for it himself and tearing down Fed Ex.  

Yes.

On 11/22/2019 at 8:59 AM, naptownskinsfan said:

His hubris wants a stadium like Jerry World, so he can host Super Bowls, National Championships, Wrestlemania, etc, and wants it on the taxpayer's dime.  In my opinion, it doesn't matter if that's in DC, Maryland or Virginia, as long as he isn't footing the bill for it.  

And yes.

So ,he's not getting his JerruhWorld unless he shells out for it.

Link to comment
Share on other sites

8 hours ago, Woz said:

https://www.forbes.com/sites/mikeozanian/2012/09/05/dallas-cowboys-lead-nfl-with-2-1-billion-valuation/#46275c8e7eb0

In 2012

  1. Dallas = $2.10B
  2. New England = $1.64B
  3. Washington = $1.60B
  4. NY Giants = $1.47B
  5. Houston = $1.31B
  6. NY Jets = $1.28B
  7. Philadelphia = $1.26B
  8. Chicago = $1.19B
  9. San Francisco = $1.18B
  10. Green Bay = $1.16B
  11. Baltimore = $1.16B
  12. Indianapolis = $1.15B
  13. Denver = $1.13B
  14. Pittsburgh = $1.10B
  15. Miami = $1.06B
  16. Carolina = $1.05B
  17. Seattle = $1.04B
  18. Tampa Bay = $1.03B
  19. Tennessee = $1.01B
  20. Kansas City = $1.01B
  21. Cleveland = $987M
  22. Minnesota = $975M
  23. New Orleans = $971M
  24. San Diego = $936M
  25. Arizona = $922M
  26. Cincinnati = $871M
  27. Detroit = $855M
  28. Atlanta = $837M
  29. Buffalo = $805M
  30. Oakland = $785M
  31. St. Louis = $780M
  32. Jacksonville = $770M

So change in franchise values in 7 years (bolded teams have opened or will open a new stadium since then, italicized and underlined teams had done some renovations in the timeframe (as listed on the stadium Wikipedia page); not all of them are major renovations)

  1. St. Louis/LA Rams = 387%
  2. Oakland = 269%
  3. Atlanta = 229%
  4. Jacksonville = 202%
  5. San Francisco = 197%
  6. Chicago = 190%
  7. Minnesota = 177%
  8. San Diego/LA Chargers = 167%
    Seattle = 167%
  9. Denver = 165%
    NY Giants = 165%
  10. Dallas = 162%
  11. Miami = 160%
  12. Pittsburgh = 155%
  13. NY Jets = 150%
    New England = 150%
  14. Green Bay = 146%
  15. Arizona = 144%
  16. Philadelphia = 142%
  17. Baltimore = 137%
  18. Buffalo = 136%
    Houston = 136%
  19. New Orleans = 134%
  20. Cincinnati = 130%
    Indianapolis = 130%
  21. Carolina = 129%
  22. Detroit = 128%
    Kansas City = 128%
  23. Cleveland = 120%
  24. Tampa Bay = 114%
  25. Tennessee = 113%
    Washington = 113%

 

Thus, a few things:

  1. Washington, as one of the traditional premiere franchises of the NFL, is lagging badly in terms of valuations relative to the rest of the league.
  2. A new stadium would catapult the value.
  3. New stadia take a long time to happen, just from a construction point. Snyder isn't even to that point (or anywhere close).
  4. Even if he never got a new stadium, he would still make money hand over fist (how many of us would love to have an asset that doubled in value over seven years?).

 

So, the "high valuation" that gets bandied about is basically leftover trajectory from when Jack Kent Cooke owned the team. That's now starting to peter out. However, turtle and the rest of the "he'll never sell" crowd are right: being an NFL owner is just a money mint. Unless someone like Jeff Bezos goes WAY over the top ($5.1B, 150% valuation from where Washington is right now, is probably the floor at which Snyder would even consider selling ... probably need to start at $5.5B or $6B), Snyder is owning the team until he's dead (barring a Donald Sterling scenario).

Snyder wouldn't even sell for an overpriced bid - which won't happen businessmen are mostly rich bc they are smart w/ $, not dumb w/ money - Snyder is a billionaire, as you said the NFL teams are these owners toys, Dan isn't selling out on his favorite NFL team that reminds him of time with his dad as a child when the team was winning. He doesn't need a few extra billion, he's not selling the team.

Link to comment
Share on other sites

8 hours ago, Woz said:

I think DC is also trying to get the land around RFK rezoned for housing. That's probably going to be a hard sell with the Park Service, but that's their wish. A NFL stadium isn't going to gentrify like Nats Park or CapitalOne Arena would (since those have events ~22-25% of the year), so the name can be used as a block for DC.

Snyder will just buy off the council, especially the council person in that district if he really wants the team to return to the RFK sight. 

Still, my guess is they'll end up in Loudon County. There's more land out there, Redskins Park is there, Snyder now lives there as do most of the team employees and of course the players.

I want them in DC bc I like going to the City for big games/events in those arenas but I just don't see it happening.

It's like with my job, we moved from DC to Fairfax in 99 and most of the people moves around the building. Then, we moved to Triangle, VA in 2010 and a lot of the old heads retired, the new people we have working there now live in Woodbridge, Stafford or even Fredericksburg.

Edited by turtle28
Link to comment
Share on other sites

On 11/21/2019 at 2:53 PM, JoshstraDaymus said:

 

That he's not willing to change the name or that he can get a stadium without the name change?

Virginia is all on board with him building the stadium there. The Reps, State Senators and Governor are on board to my knowledge. 
 

Maryland didn’t want to give him new land but he can build something new right next to Fed Ex.

Link to comment
Share on other sites

On 11/26/2019 at 1:56 PM, turtle28 said:

Virginia is all on board with him building the stadium there. The Reps, State Senators and Governor are on board to my knowledge. 
 

Maryland didn’t want to give him new land but he can build something new right next to Fed Ex.

McAuliffe maybe, but Northam isn't and he's in charge until 2021. VA governors cannot run for consecutive terms, but can run non-consecutively. McAuliffe is mulling running again. Problem is by the time Terry would be back in charge is that they would need to be a lot further along in the planning stages before the FedEx lease expires.

I also think you're overselling the interest in the General Assembly, especially with the turn it has taken of late. A lot of the new faces down in Richmond from up in NoVa won on a "fix the traffic problems" mission. Adding a stadium up here would be the antithesis of that.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...