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RichieW2001 · #21 11-08-2005, 07:48 PM

Quote:

Originally Posted by eriK

But of course you are right about that you have to spread your investments, but that's common sense.

this was the only point i was trying to make and seemed you were trying to contradict.

eriK · #22 11-08-2005, 07:51 PM

Quote:

Originally Posted by RichieW2001

this was the only point i was trying to make and seemed you were trying to contradict.

Oh sorry...

I'm such a stupid person (did you get that ponrauil??).

JoviForever · #23 11-08-2005, 08:45 PM

I read a quote from Jon saying that he has never invested in stocks and shares, because he wouldn't put his money in to something he dosen't understand!
I also an article recently that all the profits from the Soul goes towards local good causes, but I'm not sure how accurate that was!

ajs_jovi · #24 11-08-2005, 08:51 PM

I read somewere a few years ago that he said by the age of 25 he had 1 million, and by the age of 35 he had 100 million.

RichieW2001 · #25 11-08-2005, 08:54 PM

Quote:

Originally Posted by ajs_jovi

I read somewere a few years ago that he said by the age of 25 he had 1 million, and by the age of 35 he had 100 million.

yup, i saw that aswell, which makes the figure of 200million seem fairly accurate.

eriK · #26 11-08-2005, 09:06 PM

Quote:

Originally Posted by RichieW2001

yup, i saw that aswell, which makes the figure of 200million seem fairly accurate.

Damn it! I wish I was jon sometimes...

bjcrazycpa · #27 11-08-2005, 09:24 PM

Quote:

Originally Posted by RichieW2001

i wasn't. the point i was making is that the likelihood of making vast profits in your second year of business are slim. i'd be interested to see last year's financial statements, i may try and dig them out.

Yea, I'd like to see them too. I used to do the accounting and tax for the now defunct AFL team, Carolina Cobras. They lost money every year they were in existance which was only about 4 years. However, the Soul has the highest attendance record and moves a lot of merchandise. Jon had said in the first year they broke even which is phenomonal for a first year franchise. I'm guessing though the profit margin is quite small.

You'll be hard pressed though to get your hands on financial statements since the Soul isn't a publicly traded company but more likely than not a limited liability company of some sort.

deb

RichieW2001 · #28 11-08-2005, 09:33 PM

Quote:

Originally Posted by bjcrazycpa

Yea, I'd like to see them too. I used to do the accounting and tax for the now defunct AFL team, Carolina Cobras. They lost money every year they were in existance which was only about 4 years. However, the Soul has the highest attendance record and moves a lot of merchandise. Jon had said in the first year they broke even which is phenomonal for a first year franchise. I'm guessing though the profit margin is quite small.

You'll be hard pressed though to get your hands on financial statements since the Soul isn't a publicly traded company but more likely than not a limited liability company of some sort.

deb

yeh, tis what i thought. are any of your big teams actually traded or all just private limited companies? i know over here the trend is for big football teams to float but didn't know if it was the same over there. as for breaking even, it just goes to show what a big name behind a side will do. many people who had never been to an american football game in their life became fans overnight.

bjcrazycpa · #29 11-08-2005, 09:45 PM

Quote:

Originally Posted by RichieW2001

yeh, tis what i thought. are any of your big teams actually traded or all just private limited companies? i know over here the trend is for big football teams to float but didn't know if it was the same over there. as for breaking even, it just goes to show what a big name behind a side will do. many people who had never been to an american football game in their life became fans overnight.

In the US even the huge NFL is not a public company but a big tiered partnership. Yep, having Jon's name behind the Soul has no doubt insured that it stays a float for at least while. Most of the AFL teams have a hard time not folding since they don't have the same revenue sharing contracts and paid advertising behind them that the NFL has.

deb

RichieW2001 · #30 11-08-2005, 09:53 PM

Quote:

Originally Posted by bjcrazycpa

In the US even the huge NFL is not a public company but a big tiered partnership. Yep, having Jon's name behind the Soul has no doubt insured that it stays a float for at least while. Most of the AFL teams have a hard time not folding since they don't have the same revenue sharing contracts and paid advertising behind them that the NFL has.

deb

ah yeh, they're all franchises aren't they? never saw the logic behind that but then again it'll be in english football soon i would guess.

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