Goalie Posted July 25, 2018 Report Share Posted July 25, 2018 This is good news for the Bombers. wbbfan, FrostyWinnipeg, The Unknown Poster and 1 other 2 1 1 Link to comment Share on other sites More sharing options...
Booch Posted July 25, 2018 Report Share Posted July 25, 2018 So does this mean that all revenue generated that remains after football operation costs goes into the team's bank account/rainy day fund?? Link to comment Share on other sites More sharing options...
Blueandgold Posted July 25, 2018 Report Share Posted July 25, 2018 We all knew this day would come eventually. There's no way the Bombers could ever pay off the principal of that loan. The interest payments alone were enough. DR. CFL 1 Link to comment Share on other sites More sharing options...
The Unknown Poster Posted July 25, 2018 Report Share Posted July 25, 2018 Its not the Bombers debt being written off JCon and FrostyWinnipeg 2 Link to comment Share on other sites More sharing options...
brett_c_b Posted July 25, 2018 Report Share Posted July 25, 2018 5 minutes ago, Blueandgold said: We all knew this day would come eventually. There's no way the Bombers could ever pay off the principal of that loan. The interest payments alone were enough. did you read the article? The portion of the loan this is referring to is the portion that was supposed to be paid from property tax from development of the old stadium site. Not the portion the Bombers are paying and will continue to pay. JCon and The Unknown Poster 2 Link to comment Share on other sites More sharing options...
The Unknown Poster Posted July 25, 2018 Report Share Posted July 25, 2018 9 minutes ago, Booch said: So does this mean that all revenue generated that remains after football operation costs goes into the team's bank account/rainy day fund?? No. Bombers are still obligated to pay their debt JCon 1 Link to comment Share on other sites More sharing options...
Blueandgold Posted July 25, 2018 Report Share Posted July 25, 2018 Just now, brett_c_b said: did you read the article? The portion of the loan this is referring to is the portion that was supposed to be paid from property tax from development of the old stadium site. Not the portion the Bombers are paying and will continue to pay. Nope twitter is blocked at work. With that being said, I stand by my statement. That Bomber debt will have to be "forgiven" eventually. Link to comment Share on other sites More sharing options...
brett_c_b Posted July 25, 2018 Report Share Posted July 25, 2018 (edited) 6 minutes ago, Blueandgold said: Nope twitter is blocked at work. With that being said, I stand by my statement. That Bomber debt will have to be "forgiven" eventually. I saw it was Brodbeck and almost didn't read it, so be glad twitter is blocked Edited July 25, 2018 by brett_c_b Link to comment Share on other sites More sharing options...
The Unknown Poster Posted July 25, 2018 Report Share Posted July 25, 2018 43 minutes ago, Blueandgold said: Nope twitter is blocked at work. With that being said, I stand by my statement. That Bomber debt will have to be "forgiven" eventually. Ive advocated this for a long time. Broadbeck makes the point that its not a "public building" but its really a red herring anyway. Im not sure what benefit there would be to the public to have it owned by the province. The profit the team would generate without paying the debt would be tremendous and make them one of the wealthiest teams in the league. But since they have made their debt obligations, I suppose there is nothing wrong with continuing to insist they do so. At some point, the Bombers will have some down years and there will be a movement to have the debt wiped out I think. probably not for awhile though. If they ever discuss private ownership again, it would surely have to happen. Perhaps True North would add the Bombers & IGF to their portfolio without the debt. Link to comment Share on other sites More sharing options...
Fraser Posted July 25, 2018 Report Share Posted July 25, 2018 I get that the city and province are overlapping but different tax bases. I do not feel like the money being paid from the province as opposed to city taxes on the redeveloped land are two sources of payments that are drastically different ends of the spectrum. Link to comment Share on other sites More sharing options...
JuranBoldenRules Posted July 25, 2018 Report Share Posted July 25, 2018 I’m not sure why it’s tragic that the province does not own the stadium. They don’t want to operate a stadium and honestly it’s almost more of a liability than an asset in terms of maintenance vs the actual value of it in terms of finances in the long run. That said, the province does have a huge say in Triple B and the Blue Bombers board. It’s actually a very good arms length kind of setup. IGF is most definitely a public building. Brodbeck is being obtuse. What does he want? To be able to walk his dog there whenever he wants? Bigblue204 1 Link to comment Share on other sites More sharing options...
Tony Fresco Posted July 25, 2018 Report Share Posted July 25, 2018 Bombers still on the hook for their share. Thread title is very misleading. Noeller and FrostyWinnipeg 1 1 Link to comment Share on other sites More sharing options...
Tracker Posted July 25, 2018 Report Share Posted July 25, 2018 3 hours ago, JuranBoldenRules said: I’m not sure why it’s tragic that the province does not own the stadium. They don’t want to operate a stadium and honestly it’s almost more of a liability than an asset in terms of maintenance vs the actual value of it in terms of finances in the long run. That said, the province does have a huge say in Triple B and the Blue Bombers board. It’s actually a very good arms length kind of setup. IGF is most definitely a public building. Brodbeck is being obtuse. What does he want? To be able to walk his dog there whenever he wants? Brodbeck is famous for his interpretations of reality and his history of trying to look informed and intelligent. He has failed at both. Link to comment Share on other sites More sharing options...
The Unknown Poster Posted July 26, 2018 Report Share Posted July 26, 2018 19 hours ago, JuranBoldenRules said: I’m not sure why it’s tragic that the province does not own the stadium. They don’t want to operate a stadium and honestly it’s almost more of a liability than an asset in terms of maintenance vs the actual value of it in terms of finances in the long run. That said, the province does have a huge say in Triple B and the Blue Bombers board. It’s actually a very good arms length kind of setup. IGF is most definitely a public building. Brodbeck is being obtuse. What does he want? To be able to walk his dog there whenever he wants? Isnt the general formular for public ownership of sports buildings that they are "owned" but the "management" (ie. sports team owners) get a 100 year lease (or whatever) and retain all the revenue anyway? The public doesnt get anything but the retention of ownership puts them on the hook for capital expenses, no? The make up of Triple B probably provides more oversight and decision making than "owning" the stadium would. Its a silly argument designed to make people mad who dont really think about it. "We dont even own it!". Its not like Triple B is planning to sell the damn stadium. Its not even like the arena where the team ownership is very rich. The Bombers are not rich at all and have far fewer potential revenue streams. But if the public believes government should not invest in buildings such as this, then they essentially believe we should not have a world-class stadium at all. And you know what, add that to the ballot and we wouldn't. Tracker 1 Link to comment Share on other sites More sharing options...
17to85 Posted July 26, 2018 Report Share Posted July 26, 2018 Columnists like Brodbeck care less about accurate facts and more about manufacturing outrage. yogi, JCon, B-F-F-C and 5 others 3 5 Link to comment Share on other sites More sharing options...
do or die Posted July 26, 2018 Report Share Posted July 26, 2018 Which is why he and the Sun, are a good fit Noeller, JCon and Tracker 2 1 Link to comment Share on other sites More sharing options...
SpeedFlex27 Posted July 27, 2018 Report Share Posted July 27, 2018 Wish they'd write off the Bomber portion of the debt. Noeller and Fred C Dobbs 2 Link to comment Share on other sites More sharing options...
FrostyWinnipeg Posted July 27, 2018 Report Share Posted July 27, 2018 54 minutes ago, SpeedFlex27 said: Wish they'd write off the Bomber portion of the debt. Hope the Bombers are buying lottery tickets. Cause that's 200m with interest right? Link to comment Share on other sites More sharing options...
Jacquie Posted July 27, 2018 Report Share Posted July 27, 2018 1 hour ago, FrostyWinnipeg said: Hope the Bombers are buying lottery tickets. Cause that's 200m with interest right? The Bombers portion of the debt was $85 million plus interest. Noeller and MC 1 1 Link to comment Share on other sites More sharing options...
FrostyWinnipeg Posted July 27, 2018 Report Share Posted July 27, 2018 29 minutes ago, Jacquie said: The Bombers portion of the debt was $85 million plus interest. 85 mil +interest over 45 years = 175 mil. Hey I was pretty close to 200. Don't forget Lotto Max! Oh and source. Link to comment Share on other sites More sharing options...
Eternal optimist Posted July 28, 2018 Report Share Posted July 28, 2018 On 2018-07-25 at 9:24 AM, The Unknown Poster said: If they ever discuss private ownership again, it would surely have to happen. Perhaps True North would add the Bombers & IGF to their portfolio without the debt. This is a terrible idea, the Jets would absolutely let the Bombers wither and die as they are in direct competition with the Jets for entertainment revenue. blue_gold_84 1 Link to comment Share on other sites More sharing options...
JuranBoldenRules Posted July 28, 2018 Report Share Posted July 28, 2018 5 minutes ago, Eternal optimist said: This is a terrible idea, the Jets would absolutely let the Bombers wither and die as they are in direct competition with the Jets for entertainment revenue. They wouldn't be in competition if True North owned them. Your point doesn't really make any sense. Link to comment Share on other sites More sharing options...
Eternal optimist Posted July 28, 2018 Report Share Posted July 28, 2018 46 minutes ago, JuranBoldenRules said: They wouldn't be in competition if True North owned them. Your point doesn't really make any sense. You're right, Maple Leafs Entertainment (which also owns the Toronto Maple Leafs) has done wonders for the Argonauts franchise. They haven't neglected the Argonauts at all. SPuDS and blue_gold_84 1 1 Link to comment Share on other sites More sharing options...
WBBFanWest Posted July 28, 2018 Report Share Posted July 28, 2018 6 minutes ago, Eternal optimist said: You're right, Maple Leafs Entertainment (which also owns the Toronto Maple Leafs) has done wonders for the Argonauts franchise. They haven't neglected the Argonauts at all. In fairness, marketing the Argos in Toronto is like trying to sell snow shovels in Hawaii. Nobody wants them, nobody needs them. Link to comment Share on other sites More sharing options...
Eternal optimist Posted July 28, 2018 Report Share Posted July 28, 2018 2 minutes ago, WBBFanWest said: In fairness, marketing the Argos in Toronto is like trying to sell snow shovels in Hawaii. Nobody wants them, nobody needs them. Exactly - and MLSE has recognized that, and focused advertising towards more profitable revenue streams (like the Toronto Maple Leafs). As a private business, there isn't anything legally wrong with this, it just sucks for the Argos. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now