Private equity rule passed by 31-1 vote, with only the Bengals opposed
August 28, 2024
Thoughts?
15 comments
1) I’m glad to see the Bengals opposed 2) who voted yes for Green Bay?
Good on em. Fuck private equity firms. A parasite on society.
This won’t end badly. /s
I honestly haven’t given it much thought, but the Browns, the poorest owners in the league, being the lone objection to a rule that would allow an injection of private capital is funny to me
Honestly, I know we clown on Mike Brown for being cheap… but I’m glad he voted no. Private equity firms, even if they own only 10%, could start to manipulate owner decisions because they have “company equity.” The Browns only ever care about football. Unfortunately they’ve just never had the money to invest and attract top talent up until now.
“As one source with knowledge of the dynamics remarked, the Bengals consistently oppose anything that contributes to modernizing the league’s financial infrastructure.”
This kinda pissed me off lmao they’re simply trying to keep football about football and not have it destroyed by greedy little money grabbers like all other industries private equity has touched.
I can’t wait to see how many teams that partake in this start leaving small markets. These firms only care about one thing and it isn’t the fans.
I was afraid this was going to happen, and of course the owners chose greed. You can pretty much guarantee ticket and concession prices are going to at least double. There’s literally nothing that private equity firms have touched that hasn’t gone to complete shit. For a great local example, look at Frisch’s. They’ve run it into the ground and are probably going to end up closing all of the locations, since they’ve alienated their customers with high prices and garbage service.
Every thing is going to be owned by Saudis now
The based department is always short-staffed.
LIV NFL incoming…
“Sorry Mr. GM, but the shareholders voted to trade our first round draft pick.”
15 comments
1) I’m glad to see the Bengals opposed
2) who voted yes for Green Bay?
Good on em. Fuck private equity firms. A parasite on society.
This won’t end badly. /s
I honestly haven’t given it much thought, but the Browns, the poorest owners in the league, being the lone objection to a rule that would allow an injection of private capital is funny to me
Honestly, I know we clown on Mike Brown for being cheap… but I’m glad he voted no. Private equity firms, even if they own only 10%, could start to manipulate owner decisions because they have “company equity.” The Browns only ever care about football. Unfortunately they’ve just never had the money to invest and attract top talent up until now.
“As one source with knowledge of the dynamics remarked, the Bengals consistently oppose anything that contributes to modernizing the league’s financial infrastructure.”
This kinda pissed me off lmao they’re simply trying to keep football about football and not have it destroyed by greedy little money grabbers like all other industries private equity has touched.
I can’t wait to see how many teams that partake in this start leaving small markets. These firms only care about one thing and it isn’t the fans.
I was afraid this was going to happen, and of course the owners chose greed. You can pretty much guarantee ticket and concession prices are going to at least double. There’s literally nothing that private equity firms have touched that hasn’t gone to complete shit. For a great local example, look at Frisch’s. They’ve run it into the ground and are probably going to end up closing all of the locations, since they’ve alienated their customers with high prices and garbage service.
Every thing is going to be owned by Saudis now
The based department is always short-staffed.
LIV NFL incoming…
“Sorry Mr. GM, but the shareholders voted to trade our first round draft pick.”
Who dey!
Fuck yeah
Private equity is a cancer to the economy.