gbill2004 Posted December 30, 2014 Report Posted December 30, 2014 @garylawless: Bombers announce they have made a $4.5 million payment on stadium debt. Miller said he was serious about this and he delivered #bn
iso_55 Posted December 30, 2014 Report Posted December 30, 2014 This debt will cripple this team over time. Glad they made their payment but sigh, imagine if that money went back into football ops or the bank.
Atomic Posted December 30, 2014 Report Posted December 30, 2014 This debt will cripple this team over time. Glad they made their payment but sigh, imagine if that money went back into football ops or the bank. Without the new stadium that money wouldn't even exist Atomic, Westy Sucks, sweep the leg and 5 others 8
gbill2004 Posted December 30, 2014 Author Report Posted December 30, 2014 This debt will cripple this team over time. Glad they made their payment but sigh, imagine if that money went back into football ops or the bank. You couldn't be more wrong in your assessment. The new stadium has so many revenue streams. And the stadium debt is a fixed cost, so as the years go by when revenue goes up due to inflation etc, the debt payment goes down proportionally, as a percentage of overall costs. The Bombers are in a very healthy financial position going forward. As part of the debt repayment agreement, the Bombers put $500,000 in the bank before paying down the stadium debt. And where do you propose spending more on football ops? We had the highest number of coaches last season in the entire league, and each team has a salary cap, so you can only spend so much on players. sweep the leg, Al Bundy, Rich and 3 others 6
Mr Dee Posted December 30, 2014 Report Posted December 30, 2014 This is part of the very change in the culture of the team that we have been aspiring to. Make a statement, and stick to it. Making that payment when so many have criticized the whole procedure must be very rewarding for those involved. "It won't be done", many had said, and I'm glad the Bombers, led by Miller, proved them wrong. Besides, it's going to drive Nate nuts, and that alone is worth it. blitzmore and SPuDS 2
Jpan85 Posted December 30, 2014 Report Posted December 30, 2014 A lot of egg on faces today. Remember a lot of people saying that the club would never make a single payment. SPuDS 1
gbill2004 Posted December 30, 2014 Author Report Posted December 30, 2014 A lot of egg on faces today. Remember a lot of people saying that the club would never make a single payment. Yep, this is a huge success story. Well done Mr. Miller and the entire Bomber organization! If the Bombers ever have a winning season, the organization will turn into a cash cow with increased attendance etc. SPuDS 1
Mike Posted December 30, 2014 Report Posted December 30, 2014 Isn't there some kind of event next year at the stadium that should make us some money? Some kind of annual thing where they give out some cup?
gbill2004 Posted December 30, 2014 Author Report Posted December 30, 2014 Isn't there some kind of event next year at the stadium that should make us some money? Some kind of annual thing where they give out some cup?Grey Cup should bring in $10 million in profits for the Bombers plus $5 million in profit like this year as part of regular revenue streams. Bombers will be set on their stadium debt payments for the next three years. Wade must be laughing. We're gonna start seeing Evander Kane type pictures of Wade on Twitter! Wade doing sit-ups with no shirt on and stacks of cash on his stomach! lol
Blueandgold Posted December 30, 2014 Report Posted December 30, 2014 Isn't there some kind of event next year at the stadium that should make us some money? Some kind of annual thing where they give out some cup?Grey Cup should bring in $10 million in profits for the Bombers plus $5 million in profit like this year as part of regular revenue streams. Bombers will be set on their stadium debt payments for the next three years. Wade must be laughing.We're gonna start seeing Evander Kane type pictures of Wade on Twitter! Wade doing sit-ups with no shirt on and stacks of cash on his stomach! lol This just sounds unpleasant for all.
Mr Dee Posted December 30, 2014 Report Posted December 30, 2014 If he does something similar, it would be in a wading pool.
Westy Sucks Posted December 30, 2014 Report Posted December 30, 2014 Isn't there some kind of event next year at the stadium that should make us some money? Some kind of annual thing where they give out some cup? not to mention the women's world cup games. I'll never go to watch Soccer, ever. But it's cool that part of this event is here.
Westy Sucks Posted December 30, 2014 Report Posted December 30, 2014 Isn't there some kind of event next year at the stadium that should make us some money? Some kind of annual thing where they give out some cup?Grey Cup should bring in $10 million in profits for the Bombers plus $5 million in profit like this year as part of regular revenue streams. Bombers will be set on their stadium debt payments for the next three years. Wade must be laughing.We're gonna start seeing Evander Kane type pictures of Wade on Twitter! Wade doing sit-ups with no shirt on and stacks of cash on his stomach! lol This just sounds unpleasant for all. The only way to get Wade to do sit ups is if you dangle some hot dogs over him so he has to actually get up...
rebusrankin Posted December 30, 2014 Report Posted December 30, 2014 Good to see. Nice to see us making so much money. Good that the club is paying for some of the stadium and its not all public money.
gbill2004 Posted December 30, 2014 Author Report Posted December 30, 2014 I suspect we may see Mr. Miller "making it rain" at some local gentleman type drinking establishments in the near future. Let the good times roll for the Bombers!
iso_55 Posted December 30, 2014 Report Posted December 30, 2014 This debt will cripple this team over time. Glad they made their payment but sigh, imagine if that money went back into football ops or the bank. Without the new stadium that money wouldn't even exist I know. Just sayin'. No other team has the debt situation we have. It took that in order for our politicians to build it.
DR. CFL Posted December 30, 2014 Report Posted December 30, 2014 Should be all good as long as the soccer , hockey and concerts keep rolling through.
Captain Blue Posted December 30, 2014 Report Posted December 30, 2014 Are we really complaining? This is a good thing. It shows the Bombers are going to be able to make those payments and that they are making enough to afford them. Somehow, despite so many media members screaming, the sky didn't fall.
gbill2004 Posted December 30, 2014 Author Report Posted December 30, 2014 Are we really complaining? This is a good thing. It shows the Bombers are going to be able to make those payments and that they are making enough to afford them. Somehow, despite so many media members screaming, the sky didn't fall. Pretty sure only iso was complaining. Where's Paul Friesen? SPuDS 1
kelownabomberfan Posted December 31, 2014 Report Posted December 31, 2014 pretty sure that's $4.5 million more than the BC Lions paid this year towards their stadium renovations. Way to go Wade! Good job. Let's see if the Ti-Cats write a cheque next year for their stadium.
kelownabomberfan Posted December 31, 2014 Report Posted December 31, 2014 not to mention the women's world cup games. I'll never go to watch Soccer, ever. But it's cool that part of this event is here. that being said, if this was how they celebrated every goal, their ratings would be a lot higher!
Tracker Posted December 31, 2014 Report Posted December 31, 2014 Miller and even the board before him deserved credit (along with the provincial government) for the leap of faith and foresight to build the True North arena as well as the new stadium. The Jets get a lot of attention and play in the big NHL, but the Bombers are (in my opinion) much more an integral part of Winnipeg and Manitoba culture. It is far and away the best stadium in the league and will be for several more years- something to be proud of. The financial plan seems to be working and good on all involved.
kelownabomberfan Posted December 31, 2014 Report Posted December 31, 2014 Miller and even the board before him deserved credit (along with the provincial government) for the leap of faith and foresight to build the True North arena as well as the new stadium. The Jets get a lot of attention and play in the big NHL, but the Bombers are (in my opinion) much more an integral part of Winnipeg and Manitoba culture. It is far and away the best stadium in the league and will be for several more years- something to be proud of. The financial plan seems to be working and good on all involved. having been in both stadiums I have to give the edge to BC Place. But of course, BC Place cost $500 million.
gbill2004 Posted December 31, 2014 Author Report Posted December 31, 2014 Miller and even the board before him deserved credit (along with the provincial government) for the leap of faith and foresight to build the True North arena as well as the new stadium. The Jets get a lot of attention and play in the big NHL, but the Bombers are (in my opinion) much more an integral part of Winnipeg and Manitoba culture. It is far and away the best stadium in the league and will be for several more years- something to be proud of. The financial plan seems to be working and good on all involved.having been in both stadiums I have to give the edge to BC Place. But of course, BC Place cost $500 million. I much prefer an outdoor stadium for a football game. I take IGF over BC Place every day. Rich 1
17to85 Posted December 31, 2014 Report Posted December 31, 2014 This debt will cripple this team over time. Glad they made their payment but sigh, imagine if that money went back into football ops or the bank. Did you complain that much and consider it a waste when you made your mortgage payments? SPuDS 1
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