Bears
- Thread starter Wassup13
- Start date
I just want to tell all of you who have complained about the Bears picking Trubisky instead of Mahomes. It doesn't matter how good a QB is, if he's getting pressured and sacked all night his performance will suffer and he won't win.
Last night, we all saw what life would have been like week after week for Patrick Mahomes if the Bears had drafted him and if he played here. Same thing happened against TB when he faced them in that SB.
One thing is for sure. If Mahomes was here he wouldn't have five SB appearances and three rings...period. Same for Terry Bradshaw. He wouldn't have four SB rings, a bust in Canton and he probably wouldn't have the TV gig either. The Bears franchise is cursed. BUT, hopefully things will change. LOL!
Last night, we all saw what life would have been like week after week for Patrick Mahomes if the Bears had drafted him and if he played here. Same thing happened against TB when he faced them in that SB.
One thing is for sure. If Mahomes was here he wouldn't have five SB appearances and three rings...period. Same for Terry Bradshaw. He wouldn't have four SB rings, a bust in Canton and he probably wouldn't have the TV gig either. The Bears franchise is cursed. BUT, hopefully things will change. LOL!
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8 QB hurries
2 QB Hits (one massive)
Part of DL that completely dominated the game.
I imagine he was double teamed consistently which allowed other guys opportunities.
You and I are talking about two different bottom lines. You are talking about value. Value is wealth on paper, and it can't be spent. I am talking about net profit. Net profit is what the clubs derive from their operations after all the gross revenue and expenses are accounted for. It's what owners pay themselves with.
Phrased differently, you are talking about a balance sheet, and I am talking about an income statement.
Have you ever heard people say that they are house rich and cash poor? It means they have equity (value) built up in their house, but they don't have the cash to do what they want or should be doing. They can't spend their house. It is an illiquid asset. Not a good situation.
All I am saying is that I want an owner wealthy enough so that the club is not his or her primary source of income. Of course, the owner is going to be concerned with profitability. I just don't want that concern to be born from a primary reliance on team profits to support their lifestyle.
Very true. From the Chiefs' point of view, the game reminded me of many Bears' games this year where Caleb was running for his life on most pass plays. It all starts upfront. If you can't block to the the extent the Chiefs could not, there is no offense or QB that can overcome it. It also reminded me of some HS games I've seen where one team is so physically superior to the other. Made me wonder how the Chiefs even made the SB. I guess the Eagles had the personnel upfront on defense to expose the Chiefs' glaring weaknesses on the Oline. It was also a reminder that Vic Fangio is a very good DC.
How NFL Teams and Owners Make Their Money
The NFL’s 32 teams generated an estimated $20.5 billion in revenue last year, 70% higher than what NBA and MLB teams made. TV is the driving force.
www.sportico.com
This is a good post and I agree with your last paragraph. Pretty crazy how and what the NFL teams make as compared to other leagues.
Even after "all" of those people declared the NFL was dead and that they would stop watchingHow NFL Teams and Owners Make Their Money
The NFL’s 32 teams generated an estimated $20.5 billion in revenue last year, 70% higher than what NBA and MLB teams made. TV is the driving force.
This is a good post and I agree with your last paragraph. Pretty crazy how and what the NFL teams make as compared to other leagues.
I hear what you’re saying but if you can’t live off the income you make being an NFL team owner you need to adjust your lifestyle. Just saying.
When the Bears decide to sell, it will be interesting to see who is interested but more importantly how the owners react. Remember they have to approve and they are a fickle bunch.
Respectfully-Have a feeling things are going to operate differently now that she’s no longer around. Bret they bring on a PE firm soon
Can't see how they operate that much differently. Don't think she's been calling any of the shots for years now.
Off course you can’t.
Just have a hunch that as long as she was around she wanted to run things a certain way to honor her father. Family business have a way of doing that. Again, just a hunch.
I have read statements where Virginia said she wanted the team to stay in the family even after her death. I also read where some in the family members said the same thing. However, those statements were made while Virginia was still living. Her death will change things of course. How much is really anyone's guess because we don't have the luxury of knowing exactly how things are on paper. A plan is definitely in place.
Just my guess but it seems to me the family may keep the team at least until a new stadium is built. But it is just a guess. If they would let me look at the paperwork I could tell everyone what the plan really is. LOL. 😄😄
Just my guess but it seems to me the family may keep the team at least until a new stadium is built. But it is just a guess. If they would let me look at the paperwork I could tell everyone what the plan really is. LOL. 😄😄
Last year we were all talking about the number 1 pick. Now we the Bears are at 10. What is your guys most realistic pick there? I've seen some wild mocks seeing the Bears getting Jeanty after getting some line help in FA. Personally, I'd love to see Banks from Texas or Campbell from LSU.
It's kinda tough before the first wave of FA happens when you sit at 10.
OL or DL depending on how FA and top of draft shakes out. I would expect a RB in 2nd or 3rd.
Agree. No sense in getting too deep into draft talk until we see what they do in free agency. Obviously OL is top priority, but if they address that before the draft it opens a lot of possibilities including trading back.
Yeah I don't see anything happening in the near future. Virginia was the face of the franchise, but she represented 13 family members who all have a piece. Good luck getting 13 family members to agree on anything.
The big question I have is what it would cost them to sell the team. We all know that the family's wealth is tied to the Bears and that's about it. If they did decide to sell what would the tax burden be in terms of estate, inheritance, and capital gains taxes? I mean the team is worth $6 billion and George bought the team for $100. Where my accountants at? 🤣
😄 😄Yes, I did read where George Halas paid $100 to get the team. But didn't he also pay $5,000 to the league? Seems like I read that too. But $100? DANG! If you were working at the time and you were making, say $15-$20 a week and you were able to save $5 a week it would take 20 weeks to have the cash in hand. I personally don't know anyone today who can save $300,000,000 a week to come up with $6 billion in 20 weeks. It's insane when you start actually looking at these figures.
I do agree that it can be quite hard to get 13 people to agree on anything. Family or not. And if you have some family members who don't get along with some of the others the job becomes 10 times harder. Having a lot of money doesn't mean everyone agrees or gets along. You make a good point there.
One thing I know from personal experiences of being a trustee for a few estates is this. When it comes to money, sometimes some people get crazy. And even though things are usually spelled out there is always someone who isn't happy for some reason. That just makes things so much worse.
You raise an interesting question. I know just enough to be dangerous here.
Capital gains tax really doesn't apply in this particular case. Now that Virgina is gone, the cost basis/valuation of the asset resets to what it was worth on the day of her death. If she were the sole owner, and she sold it before she died, she would owe capital gains tax on the gain between the sale amount and what it was valued at when her father died (not the $100 he paid for it) and left it to her.
As for estate tax, wow. Technically, the federal government is able to charge approx 40% in estate tax on any estate assets over the first $14 million (that number will be decreased to roughly half as much next year if the law is allowed to sunset at the end of this year). In Illinois, the exemption amount and estate tax rates are lower, but not insignificant.
If she has been advised well, and took that advice, she took steps long ago through trusts, family partnerships, etc. to minimize her estate tax exposure.
Interesting . I wonder what the franchise was valued at when Halas Sr. died ? Any idea ?
Can't find anything that far back. The ealiest valuation I can find was from 1993, ten years after Halas died, and it was $130 million. So it's safe to say the team was valued at less than $100 million ten years prior. Current valuation is $6.4 billion.
It would go for more. Probably close to 8b or more. That AH property is a gold mine
Not undeveloped it's not. As it stands now, they're a team that does not own their own stadium. Can't see a buyer paying a premium to deal with all the headaches of working with the park district.
Washington, and all their headaches, sold for 6.05 billion. Broncos sold for 4.65 billion in 2022. The value of these NFL teams are going up exponentially, not slowly. Just had the most watched Super Bowl again.
Saying undeveloped land doesn't hold that much value is rather odd given where real estate is at as well. Future value and income generation of these things is massive. It's as significant of an asset as any other in the NFL. That's why Warren and his talk of keeping the stadium by the lake is just so silly.
Finally the Bears, despite all their faults, is a storied franchise. It's also in one of the largest markets.
Really, either of us could be right, but there's only one way of finding out. This sale would be a year or 2 down the road and that would be if things go quickly. That base value will keep changing.
