2019 Offseason Thread

[mgarbowski]

Same revenue as we would have from those who are getting special deals, but less from those who aren't. Unless I'm misunderstanding. We'd hope to make up for that lost revenue from new taxpayers tho.

Most likely you get more medium size firms who lack the clout to get deals, but are to big for SBA type help. Some of them might even grow to become big 25k employers like Amazon.

 

[Ulrich]

Instead of the Amazon subsidy, New York state could reduce the Corporate tax rate for all companies by 1.4%.

https://thehill.com/opinion/finance/417654-amazon-subsidies-defy-left-right-political-thinking

Drop all special deals, with similar tax reductions and we have the same revenue but a fair system for all, less corruption and become competitive with Texas and Florida on taxes.

The problem with that, is that after enacted to be competitive with other states, officials will still offer sweetheart deals which will further erode the tax revenue. The majority of Politicians have it in their DNA to wheel/deal with subsidies (look as DeBlasio who was supposed to be against all and yet here he is) as a horsetrade for what they want.

 

[Christopher Jee]

The problem with that, is that after enacted to be competitive with other states, officials will still offer sweetheart deals which will further erode the tax revenue. The majority of Politicians have it in their DNA to wheel/deal with subsidies (look as DeBlasio who was supposed to be against all and yet here he is) as a horsetrade for what they want.

Yup, which is where the recommendations from the Mercatus article I linked to come in.

 

[LionNYC]

Muggate!

 

[Kjbert]

Muggate!
View attachment 9331

Is this only for new members?

If so, fuck off.

 

[Ulrich]

Is this only for new members?

If so, fuck off.

We’ll get another scarf/seat

 

[Christopher Jee]

Muggate!
View attachment 9331

 

[FredMertz]

We’ll get another scarf/seat

8GB memory stick..

 

[Ulrich]

8GB memory stick..

I have no idea where my club-branded battery charger is from last season... beginning to wonder if it was like an On Demand rented movie where 48hours after the initial use, it disappears.

 

[EganSoccerWords]

Both Boston and Atlanta are bigger tech capitals on the east at the moment. NYC has Google and some other companies, but Atlanta and Boston both have the HQ1's of most tech companies instead of HQ2's.

I've actually been of the belief now for a while that once we are out of YS, that the Yankees will look to sell their stake. (This is strictly a gut feeling and I have no knowledge one way or another on the subject) Just looking at everything, I feel the Yankees would get more value in let's say 5-10 years (assuming this is when we get our stadium), than if they were to hold onto it.

The team was purchased at $100,000,000. Assuming they paid 20% of that for their part, they paid $20,000,000.

In contrast, Cincy FC is paying $150,000,000 and if we were to go off of that evaluation for current selling prices, that would make the Yankees share around $30,000,000 for NYCFC, at the evaluation.

Now if we did a true market value of the team at Forbes new list of $278,000,000 and match the Yankees 20%, it would be worth $55,600,000. (This is typically how teams values are calculated for sale so for arguments sake, using this example here.)

Now going forward with this, again with absolutely no knowledge of how the structure of their partnership works, I'd have to think the Yankees get most of the in stadium revenue (food, in stadium merch sales, etc.) where CFG get the league revenue shares, player sales revenue, etc. Now does YS make enough during the seasons to equal the amount they paid after accounting for staff, extra product being brought in (beer, food, etc.) and general operating costs? Probably not.

I'd have to think once NYCFC move out of YS and the Yankees lose that revenue from game day, they'd look to sell, unless CFG pulled a move with them and are going to have YS operate our new stadium and take the revenue like they are (again, complete speculation here) already doing. And the valuation will only increase as the league gets bigger, where in stadium revenue will stagnate over a period of time. Will be interesting to see where they go with it.

NYC startups raised 11.5 billion last year. Only the Bay Area did better.

 

[canchon]

8GB memory stick..

That charger basically charged my phone for about 2 min before crapping out and didn’t work again. High quality stuff there.

I’ve given up on expecting anything more than a crappy scarf to go on a shelf and the cards. It’s been all downhill since the “Ogio” bags.

 

[Korker]

NYC startups raised 11.5 billion last year. Only the Bay Area did better.

Start-ups aren't all tech companies. Never said anything about general business

 

[EganSoccerWords]

Start-ups aren't all tech companies. Never said anything about general business

Good because I'm not talking about general business.

 

[Korker]

Good because I'm not talking about general business.

Do you have any source material for it? I'm actually really big into the tech sector so would love to read about it. (this may come off as being dickish, but I'm being serious. Would love to read whatever source articles you have on the matter)

 

[Mario]

Good because I'm not talking about general business.

good.

 

[gbservis]

 

[Kjbert]

 

[Fantazma]

is today the deadline to announce?

 

[Kjbert]

Yes

 

[Fantazma]

Yes

that shit is being announced at 11:59PM then