Stadium Discussion

Where Do You Want The Stadium?

  • Manhattan

    Votes: 54 16.7%
  • Queens

    Votes: 99 30.6%
  • Brooklyn

    Votes: 19 5.9%
  • Staten Island

    Votes: 7 2.2%
  • Westchester

    Votes: 18 5.6%
  • The Bronx

    Votes: 113 34.9%
  • Long Island

    Votes: 6 1.9%
  • Dual-Boroughs

    Votes: 3 0.9%
  • Etihad Island

    Votes: 5 1.5%

  • Total voters
    324
CFG buys the land, pays for the infrastructure improvements and builds a stadium on the land
I don’t think anyone would complain too much about that, but I also think there’s very little chance that all three of those things would ever be on the table.

I think most teams would define self-funded as just the construction of the stadium, and maybe the purchase of the land as well.

Even Met Life Stadium, which is frequently referred to as privately financed, got hundreds of mullions of public dollars for infrastructure and development rights.
 
I don’t think anyone would complain too much about that, but I also think there’s very little chance that all three of those things would ever be on the table.

I think most teams would define self-funded as just the construction of the stadium, and maybe the purchase of the land as well.

Even Met Life Stadium, which is frequently referred to as privately financed, got hundreds of mullions of public dollars for infrastructure and development rights.
Yeah, nobody does the infrastructure improvements. That’s a city/municipality cost every time.
 
Why would they do that????

First rule of being rich? Take low interest loans and make money off of other people.
 
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We had all this oil money, but all along we were just waiting on that sweet, sweet California-based PE


huh
Have always wondered about “oil money” from the Middle East. How liquid is it versus being tied up in stable equity that won’t fluctuate quickly or have the potential to free-fall??? Does their vast “wealth” come from the valuation that scientists/engineers put on their fossil reserves yet to be extracted, this making their energy companies insanely valuable, or do these guys have bank accounts overflowing with zeros because they’ve sold off so much to the market and have been socking it away?

Saudi Aramco is going public and I’ve assumed it’s because they want liquidity/flexibility that’s associated with cashing out.
 
Aramco going public so they can invest in different lines of revenue for the Kingdom.

Highly recommend the movie Syriana. Eventually, the oil runs out and the Conservatives chop your heads off otherwise.
 
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Saudi Aramco is going public and I’ve assumed it’s because they want liquidity/flexibility that’s associated with cashing out.

No. They are selling like 2-3% of the ownership to hopefully fund a modernization of the rest of their economy. They see the writing on the wall — it may be 25, 50 or 100 years out, but oil will eventually be obsolete. If they want to survive and thrive they need to upskill their younger generations.

They are only selling $25 billion of equity in what they believe is a company worth $1.6 to 1.7 trillion.

Now back to stadium news...
 
Aramco going public so they can invest in different lines of revenue for the Kingdom.

Highly recommend the movie Syriana. Eventually, the oil runs out and the Conservatives chop your heads off otherwise.
No. They are selling like 2-3% of the ownership to hopefully fund a modernization of the rest of their economy. They see the writing on the wall — it may be 25, 50 or 100 years out, but oil will eventually be obsolete. If they want to survive and thrive they need to upskill their younger generations.

They are only selling $25 billion of equity in what they believe is a company worth $1.6 to 1.7 trillion.

Now back to stadium news...
Syrians is a great work. Yeah, I know all about the fossils running out and needing to diversify (Russia is in the same boat) - hence comment about cashing out. One can’t fund what they need with private company stock transfers to contractors and suppliers and a workforce, hence the need for liquidity.

They’re also funding skirmishes in the region and again, and cash goes farther buying loyalty and proxies than a Schwab account transfer.