Jaguars Owner Wayne Weaver Discusses Financial State Of Team
In a Q&A with Vito Stellino of the FLORIDA TIMES-UNION, Jaguars Owner Wayne Weaver
said despite reducing capacity of Alltel Stadium this season by about 10,000 seats,
it still “appears we will have a few blackouts.” Weaver, when asked why he would
not move the team to L.A. where its “value would probably double,” said, “Because
of my commitment to make it work in Jacksonville. I said that it is not my intention
to move the team. Having said that, no business can lose money year after year
after year and sustain itself.” Weaver added, “It’s been reported that we made
[$78M from ‘95-99], but people don’t understand a profit-and-loss statement. Below
the operating profit line are other costs. We spent $56[M] in cash over cap (money
spent above the salary cap that counts against the cap in future years) from [that
period] and debt service. It made it look like we put $78[M] in our pocket. We
weren’t making a lot of money.” Weaver, on whether he will sell the team in a
few years: “That’s not my plan. The plan is for the team to stay in the family”
(FLORIDA TIMES-UNION, 7/27). Meanwhile, in Daytona Beach, Randy Rorrer
notes the Jaguars are offering a new plan “featuring half-season ticket deals
with different sets of games on each of two plans” (Daytona Beach NEWS-JOURNAL,
7/27).
 |
|
Jaguars Several Thousand Tickets Shy Of Sellouts
For Upcoming Season
|
|
Related Stories By Company
|
Related Stories By Sport
|
Touchdown Jacksonville Revived To Aid Jags
November 5, 2009 :
SportsBusiness Daily
Ed Roski Discusses L.A. Stadium Efforts
October 19, 2009 :
SportsBusiness Daily
Dolphins Nix Lottery Deal With Bucs, Jags
October 13, 2009 :
SportsBusiness Daily
Jaguars' Stadium Needs New Revenue Stream
October 12, 2009 :
SportsBusiness Daily
First Time, Long Time With Frank Frangie
October 2, 2009 :
SportsBusiness Daily
|
NFL, Union Holding CBA Talks In DC Today
November 24, 2009 :
SportsBusiness Daily
Titans-Texans "MNF" Up 7% From '08
November 24, 2009 :
SportsBusiness Daily
Vince Young Merch Back In Demand
November 24, 2009 :
SportsBusiness Daily
Metrodome's Flaws Pointed Out During Tour
November 24, 2009 :
SportsBusiness Daily
South Florida SB Host Committee Debuts Ad
November 24, 2009 :
SportsBusiness Daily
|
|
