GCn20

JCon is correct. Even the secured creditors are unlikely to get everything back. The "assets" that are reported will be sold for pennies on the dollar as is the case with all bankruptcy sales. No one pays full value for assets from a bankruptcy claim.

Just an unbelievably unfortunate turn of events for these poor players. Just completely classless. Not only are they not going to pay them their contracted amounts but they are going to prevent anyone that has a contract with them, other than the miniscule number of players signed by the NFL, from making a living by playing football. Either pay them or let them go Dundon...FFS!

Mekale McKay is on our neg list I believe. He looked good in the AAF.

I can't take the credit for that one. I read it in a media piece literally hours after the week 2 bail out was announced. Some dude in the States saw through the smoke really quick on that and I just regurgitated it.

No, if he went to XFL he wouldn't be available for a CFL HCing gig until the 2022 season because it's a spring league. Further to that, it's not about the money with Lapo...he and his family genuinely love Winnipeg. I know that your BC sensibilities struggle with that, but it's a straight up fact.

I think there were a few guys who went to the AAF knowing they would be back in time for CFL training camp.

He did. The 250m was the amount he would finance if the league went 2 or 3 years and needed some help. Hard cash....he's in for about 50-60 million. When the league reaches insolvency he will get the rights to the gambling app that has a value of around 100 million and will be much higher once it is actually operational. Dundon was never buying a football league, he was buying a sports gambling app with the pesky annoyance of a football league attached to it that he would have to fold after awhile.

That is my understanding as well.

This league was founded on the assumption/hope that the NFL owners would help keep it afloat. Polian is a 2x loser when it comes to the business side of football.

Dundon is cutting his losses long before 250 million goes up in smoke. Plain and simple and also very wise. Create a bad guy in the narrative so that his stock holders don't question how he could make such a reckless investment in the first place.

Rod Pederson is so impressed by the AAF, that he thinks it would make total sense for the CFL to have the Grey Cup in Orlando in the near future. I am not making this up...it's on his blog. He also thinks that the Eskimos should hire Kavis Reed as CEO. That boy has taken leave of his senses methinks.

I can imagine the Carl's drive thru today... Car pulls up to order box: Drive thru guy " Hi Welcome to Carl's may I take your order?" Customer " I'll have the $5 fatboi special" DTG " Ok sir...that also comes with two free tickets to the next AAF game" Customer " Can I get a free gravy for my fries instead of the tickets?" DTG "I'm sorry sir, that substitution is not allowed." Customer "Ok then....I was just trying to get something of actual value instead." DTG " I understand sir and don't blame you for trying" Customer " keep the tickets....it's your tip" DTG (grumbles under his breath) " Some tip I can't even give these things away."

Exactly my point. There is a vast difference between having cash to spare and selling assets to generate cash.

Even the CFL Birmingham team had better attendance than that and it was regarded as one of the biggest failures of CFL expansion.

It is as bad as it looks because optics and bandwagoning is EVERYTHING to this league right now to this league. 38000 fans for 4 games is terrible attendance no matter what the reason is. Teams papering the crowd with a pair of tickets with a 5 dollar happy meal will not create positive buzz for this league. At the end of the day for this league to be successful EVERY team is going to need to average high teens or low twenties attendance because EVERY team has a 9 million dollar player payroll and huge overhead. There is not a single break even franchise in this league at this point, and most are bleeding cash.

50 million for the rights to the name XFL....lmao....does anyone out there still think that Ebersol and Polian are good businessmen.

If you are selling assets are you making money? He is financing the XFL by selling assets. Assets are finite, and he will only sell so much of his WWE stock where the bulk of his wealth is tied up.

Smart move by the CFL because there is zero chance the CFLPA is going to ask for or even wants that and now they can't let CBA negs drag out or the lesser compensated will put pressure on the union to make this happen. Divide and conquer. Pit the muckers against the Nats and upper echelon IMPs. Weaken the union's resolve a week or so before negs begin.

He doesn't have money to burn. Most of his personal wealth is not liquid, it is tied to the WWE who has capped this little adventure at 100 million.

True. However it's all about profit. McMahon could run a profitable small time football league if he's smarter then the shmucks running the AAF who blew their brains out when they decided on taking on 52 million a year in payroll for players. That's before benefits which will cost them a fortune.

If you book your room direct with the hotel and can somehow get tickets without going through tour operators, and don't mind eating at non peak hours or taking charter buses back to your hotel before events are finished...you should be fine. If any of that doesn't suit you go to Calgary would be my recommendation. Crappy football venue but a very nice city with a lot of amenities and infrastructuire.

I honestly hope that Regina has sorted this stuff out because it was a complete joke. The touring company booked about 75% of the hotel rooms in Regina and then gouged everyone for a room. I even heard stories on our bus trip of some guys being double booked into rooms with strangers.

Vince will pay his players peanuts compared to the AAF. Their salary structure is completely out of whack.

Of the dozen or so Grey Cups I've been to around Canada, Regina was the only one that I did not enjoy. From the collusion between hotels and bus tours to completely rip people off, to having to walk back to my hotel because I made the mistake thinking that taking a cab was a possibility, to 3 hour waits in line for restaurants it was a complete fiasco from start to finish. NEVER AGAIN REGINA!!!

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