Daeveed wrote: Bainaman wrote: Thank You Pancho!!! I think some people here think that I don't like soccer......It's not that at all.......I just don't like the deal we're getting.......specially when it OUR money that's being put forward to do it!
well booo-fuCking-whooo, just bacause you think that just putting up a soccer stadium is going to ruin your precious baseball league doesn't give you the right to come here... chill I'm just playing man hahahaa. I actually read a bit about the whole deal today, and the only thing I don't agree with is the MLSE putting those $10M for naming rights. That means they can profit off of that forever (as opposite to the City, which will only spend), and even if they can't sell the name, the deal is that they still get some money back so they can at least break even. but I'm still up for the stadium!!!
Thank You Pancho!!! I think some people here think that I don't like soccer......It's not that at all.......I just don't like the deal we're getting.......specially when it OUR money that's being put forward to do it!
well booo-fuCking-whooo, just bacause you think that just putting up a soccer stadium is going to ruin your precious baseball league doesn't give you the right to come here... chill I'm just playing man hahahaa.
I actually read a bit about the whole deal today, and the only thing I don't agree with is the MLSE putting those $10M for naming rights. That means they can profit off of that forever (as opposite to the City, which will only spend), and even if they can't sell the name, the deal is that they still get some money back so they can at least break even.
I think in order to have a Soccer Stadium has to be Profitable....Look at it from the biz perspective, who is going to Invest on a team, stadium , maintenance and all the cost of a Soccer franchise, when it doesn't look profitable. That's would be a good way to avoid taxpayer foot the bill, Look montrealers...they still paying for the Olympic stadium ...... I love soccer but I don't think is a good biz for Investors.
Thank You Pancho!!!
I think some people here think that I don't like soccer......It's not that at all.......I just don't like the deal we're getting.......specially when it OUR money that's being put forward to do it!
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"Most of us fall short much more by omission than by commission."
El Duro wrote: Pancho Cachondo wrote: Bainaman wrote: Ecuasteelo wrote: Bainaman wrote: @ Ecua - There are 12 stadiums in Germany that are gonna host the world cup in 2006. I don't think our 1 will cut it. Just out of curiousity.....How many of you go to watch Toronto Lynx games???? Last time I checked......they weren't being sold out. I HAVE A DREAM!!! Bainaman ....don't shatter it!! lol! but realistically Toronto does not have a chance. As for exibition games that is definitely possible. On a side note I was talking to my supervisor at work about this and the dude has the nerve to say that soccer is a 3rd World sport. I was about to lose it on him but then again I do want to come back to a job Monday morning. Just shows how ignorant some indivduals are about soccer. There is no denying that soccer is a World Class Game.........It's just not a north american game.....canada/usa......though it's starting to gain momentum. I'd go watch some exhibition games.......I'm sure i'd be fun.......Just not any games with teams from England........I wanna live to see another day!!! Damn Right Dude....Would you pay to see Toronto Linx......noooooooo I would pay to see some world class teams like Man U, Arsenal, Liverpool, Bayer Mun, Chelsea, Barca, Ac/Inter Milan...pero Toronto Linx......naaaaah u forgot real madrid i would love to see them play here
I don't like'em ...lol that why I didn't put 'em .......
Bainaman wrote: Ecuasteelo wrote: Bainaman wrote: @ Ecua - There are 12 stadiums in Germany that are gonna host the world cup in 2006. I don't think our 1 will cut it. Just out of curiousity.....How many of you go to watch Toronto Lynx games???? Last time I checked......they weren't being sold out. I HAVE A DREAM!!! Bainaman ....don't shatter it!! lol! but realistically Toronto does not have a chance. As for exibition games that is definitely possible. On a side note I was talking to my supervisor at work about this and the dude has the nerve to say that soccer is a 3rd World sport. I was about to lose it on him but then again I do want to come back to a job Monday morning. Just shows how ignorant some indivduals are about soccer. There is no denying that soccer is a World Class Game.........It's just not a north american game.....canada/usa......though it's starting to gain momentum. I'd go watch some exhibition games.......I'm sure i'd be fun.......Just not any games with teams from England........I wanna live to see another day!!! Damn Right Dude....Would you pay to see Toronto Linx......noooooooo I would pay to see some world class teams like Man U, Arsenal, Liverpool, Bayer Mun, Chelsea, Barca, Ac/Inter Milan...pero Toronto Linx......naaaaah
u forgot real madrid i would love to see them play here
Bainaman wrote: Ecuasteelo wrote: Bainaman wrote: @ Ecua - There are 12 stadiums in Germany that are gonna host the world cup in 2006. I don't think our 1 will cut it. Just out of curiousity.....How many of you go to watch Toronto Lynx games???? Last time I checked......they weren't being sold out. I HAVE A DREAM!!! Bainaman ....don't shatter it!! lol! but realistically Toronto does not have a chance. As for exibition games that is definitely possible. On a side note I was talking to my supervisor at work about this and the dude has the nerve to say that soccer is a 3rd World sport. I was about to lose it on him but then again I do want to come back to a job Monday morning. Just shows how ignorant some indivduals are about soccer.
There is no denying that soccer is a World Class Game.........It's just not a north american game.....canada/usa......though it's starting to gain momentum. I'd go watch some exhibition games.......I'm sure i'd be fun.......Just not any games with teams from England........I wanna live to see another day!!!
Damn Right Dude....Would you pay to see Toronto Linx......noooooooo I would pay to see some world class teams like Man U, Arsenal, Liverpool, Bayer Mun, Chelsea, Barca, Ac/Inter Milan...pero Toronto Linx......naaaaah
I think in order to have a Soccer Stadium has to be Profitable....Look at it from the biz perspective, who is going to Invest on a team, stadium , maintenance and all the cost of a Soccer franchise, when it doesn't look profitable.
That's would be a good way to avoid taxpayer foot the bill, Look montrealers...they still paying for the Olympic stadium ......
I love soccer but I don't think is a good biz for Investors.
GENIE wrote: Bainaman wrote: @ Ecua - There are 12 stadiums in Germany that are gonna host the world cup in 2006. I don't think our 1 will cut it. Just out of curiousity.....How many of you go to watch Toronto Lynx games???? Last time I checked......they weren't being sold out. i went a few times last year with some of my old soccer kids good games noting wow about them i also knew one of the palyer go packed a few time but lack of advertising and promo!!! You’re right GENIE, they don’t promote it … apply for the job, girl! P.S.: Are you talking about the SAME KIDS you were wanting to (use so you could) get free tickets to go to WONDERLAND??? LOL
hey im gonna seriously think about this shiat my family is amazing in soccer the mottas use to rule the flats so ZIPOTE knows right!!! lol
Toronto has basically everything except a true soccer staduim. I think once this thing is built, this city can host a good amount of good matches on Canadian soil! I sang the national anthem for a Toronto Lynx game once and it wasn't that impressive at all. MLS is making big bucks. So if Toronto ends up having an expansion team for that league, why not?!? This is a multicultural city. Soccer is probably the only multicultural sport being played on all continents. I think it would be a great idea. We need we need!
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Bainaman wrote: @ Ecua - There are 12 stadiums in Germany that are gonna host the world cup in 2006. I don't think our 1 will cut it. Just out of curiousity.....How many of you go to watch Toronto Lynx games???? Last time I checked......they weren't being sold out. I HAVE A DREAM!!! Bainaman ....don't shatter it!! lol! but realistically Toronto does not have a chance. As for exibition games that is definitely possible. On a side note I was talking to my supervisor at work about this and the dude has the nerve to say that soccer is a 3rd World sport. I was about to lose it on him but then again I do want to come back to a job Monday morning. Just shows how ignorant some indivduals are about soccer.
There is no denying that soccer is a World Class Game.........It's just not a north american game.....canada/usa......though it's starting to gain momentum.
I'd go watch some exhibition games.......I'm sure i'd be fun.......Just not any games with teams from England........I wanna live to see another day!!!
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"Most of us fall short much more by omission than by commission."
GENIE wrote: Bainaman wrote: @ Ecua - There are 12 stadiums in Germany that are gonna host the world cup in 2006. I don't think our 1 will cut it. Just out of curiousity.....How many of you go to watch Toronto Lynx games???? Last time I checked......they weren't being sold out. i went a few times last year with some of my old soccer kids good games noting wow about them i also knew one of the palyer go packed a few time but lack of advertising and promo!!! You’re right GENIE, they don’t promote it … apply for the job, girl! P.S.: Are you talking about the SAME KIDS you were wanting to (use so you could) get free tickets to go to WONDERLAND??? LOL
no no these are actual soccer kids i used to assist coach too!! lol malo!!!
Bainaman wrote: @ Ecua - There are 12 stadiums in Germany that are gonna host the world cup in 2006. I don't think our 1 will cut it. Just out of curiousity.....How many of you go to watch Toronto Lynx games???? Last time I checked......they weren't being sold out. I HAVE A DREAM!!! Bainaman ....don't shatter it!! lol! but realistically Toronto does not have a chance. As for exibition games that is definitely possible. On a side note I was talking to my supervisor at work about this and the dude has the nerve to say that soccer is a 3rd World sport. I was about to lose it on him but then again I do want to come back to a job Monday morning. Just shows how ignorant some indivduals are about soccer.
I HAVE A DREAM!!! Bainaman ....don't shatter it!! lol! but realistically Toronto does not have a chance. As for exibition games that is definitely possible. On a side note I was talking to my supervisor at work about this and the dude has the nerve to say that soccer is a 3rd World sport. I was about to lose it on him but then again I do want to come back to a job Monday morning. Just shows how ignorant some indivduals are about soccer.
FIRE HIM for being soooo STUPID…
Donanld Trump style: “You’re fired” and do that finger pointing move!
No, wait, he’s the supervisor… don’t bother!
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Not everything I post or say on foro are necesarily true facts. <- THAT is a fact! :blankstare:
@ Ecua - There are 12 stadiums in Germany that are gonna host the world cup in 2006. I don't think our 1 will cut it. Just out of curiousity.....How many of you go to watch Toronto Lynx games???? Last time I checked......they weren't being sold out.
I HAVE A DREAM!!! Bainaman ....don't shatter it!! lol! but realistically Toronto does not have a chance. As for exibition games that is definitely possible.
On a side note I was talking to my supervisor at work about this and the dude has the nerve to say that soccer is a 3rd World sport. I was about to lose it on him but then again I do want to come back to a job Monday morning. Just shows how ignorant some indivduals are about soccer.
The plan is to bring an MLS soccer team to Toronto. So in theory........They could potentialy take over the Leafs for the number 1 team in the city......right???
The plan is to bring an MLS soccer team to Toronto. So in theory........They could potentialy take over the Leafs for the number 1 team in the city......right???
right....
... same chance I had to hit the 40 million jackpot on 6/49 on wednesday!!
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Not everything I post or say on foro are necesarily true facts. <- THAT is a fact! :blankstare:
Bainaman wrote: @ Ecua - There are 12 stadiums in Germany that are gonna host the world cup in 2006. I don't think our 1 will cut it. Just out of curiousity.....How many of you go to watch Toronto Lynx games???? Last time I checked......they weren't being sold out. i went a few times last year with some of my old soccer kids good games noting wow about them i also knew one of the palyer go packed a few time but lack of advertising and promo!!!
You’re right GENIE, they don’t promote it … apply for the job, girl!
P.S.: Are you talking about the SAME KIDS you were wanting to (use so you could) get free tickets to go to WONDERLAND??? LOL
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Not everything I post or say on foro are necesarily true facts. <- THAT is a fact! :blankstare:
I've been to 2 lynx games with my son.. both time they lost, but for my son whose a soccer fanatic (LIKE HIS DAD) he enjoyed it, but if if mle brings a mls team her in toronto it will sell out..
@ Ecua - There are 12 stadiums in Germany that are gonna host the world cup in 2006. I don't think our 1 will cut it. Just out of curiousity.....How many of you go to watch Toronto Lynx games???? Last time I checked......they weren't being sold out.
i went a few times last year with some of my old soccer kids good games noting wow about them i also knew one of the palyer go packed a few time but lack of advertising and promo!!!
Thumbs up to the NEW STADIUM: My tax dollars at work!
Hopefully soccer within the city will create more exposure and expand popularity of the sport – it’s ONLY the number ONE – MOST POPULAR sport in the WORLD already!!!
I have gone to only ONE Lynx game – why? Cause I got free tickets, dammit, … but really, they don’t play in the downtown core, mostly on the outside parts of the city, right? See, If they promoted themselves at least, I would know where they play for real!
I think MAPLE LEAS SPORTS and ENTERTAINMENT would bring a TEAM and actullay PROMOTE it, do some business, create jobs, and get more people excited about soccer again… GOAAAAAAAAAAAAAAAAAAAAAAL!
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Not everything I post or say on foro are necesarily true facts. <- THAT is a fact! :blankstare:
I'm definitely FOR a soccer stadium. With this Stadium many more friendly games can take place, like Man U, Madrid, Juventus etc coming down to Toronto. I'm probably jumping the gun but anything is possible once Toronto's Soccer stadium is officially up and running. The dream of hosting a venue like the World Cup in Toronto is probably a little far fetched. We would need at least another stadium, but who knows. I hope i'm proved wrong. The beautiful sport of soccer needs to be promoted a lot more in Canada and what better way with this stadium and a Toronto team in the MLS.
I agree with u here Ecuasteelo it about time we have a real soccer stadium in toronto we have to pave the way so new soccer generation to make your national soccer team look good and by having this stadium we are investing in a sport where canada can come on top..
I'm definitely FOR a soccer stadium. With this Stadium many more friendly games can take place, like Man U, Madrid, Juventus etc coming down to Toronto. I'm probably jumping the gun but anything is possible once Toronto's Soccer stadium is officially up and running. The dream of hosting a venue like the World Cup in Toronto is probably a little far fetched. We would need at least another stadium, but who knows. I hope i'm proved wrong. The beautiful sport of soccer needs to be promoted a lot more in Canada and what better way with this stadium and a Toronto team in the MLS.
I don't dislike soccer. I'm not a fanatic....but I'm not against it.
I don't agree with the price we had to pay for the Skydome.....eeehhhhemm......excuse me....the Roger's Centre.......And I don't believe that we should have paid for it either.
@ Genie - Yeah....You're right......I'm sure all those teams from underdeveloped countries that make the cup.....have massive stadiums to learn how to play a game..........even when all they have around.......ARE OPEN FIELDS!!!!!!
Hey......I'm sure I'll attend a game or two.....like I said.....I'm not anti soccer......I just like to get ripped off.....that's all.
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"Most of us fall short much more by omission than by commission."
Daeveed wrote: GENIE wrote: AND THEN TORONTO MIGHT QUALIFY FOR HOSTING THE WORLD CUP!!!! WIPPEEE holy ShIt..........i think i just came.... That's all it takes ah?!?!? Sorry to hear that......You know....there are clinics for that sort of problem Have you wondered why Canada has never really had much international soccer success......with all the immigrants in this country....from soccer crazy nations? Hey....I'm up for a good soccer game and stadium....whatever.......BUT not when the same government builds a city for the natives on troubled land....knowing about it......and waiting 'till something goes terribly wrong to try to fix it now. Just me.... I know the same arguement can be made about anything...really......but I think......that if a corporation wants to have a team and a stadium......why can't they pay for it themselves? Are they gonna send me a cheque every month when they start to make money out of it???
Yeah well baseball sucks - lmao!!! You are just not a soccer fan! If you loved soccer than you would be all for it! I agree about the natives and the troubled land but like you said that can be said about anything. How about we eliminate baseball and bring on soccer? I can't even give Blue Jay tickets away when I get them at work! I have tried going to watch them but I just end up getting all wasted cuz I tune out right away and start drinking
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Daeveed wrote: GENIE wrote: AND THEN TORONTO MIGHT QUALIFY FOR HOSTING THE WORLD CUP!!!! WIPPEEE holy ShIt..........i think i just came.... That's all it takes ah?!?!? Sorry to hear that......You know....there are clinics for that sort of problem Have you wondered why Canada has never really had much international soccer success......with all the immigrants in this country....from soccer crazy nations? Hey....I'm up for a good soccer game and stadium....whatever.......BUT not when the same government builds a city for the natives on troubled land....knowing about it......and waiting 'till something goes terribly wrong to try to fix it now. Just me.... I know the same arguement can be made about anything...really......but I think......that if a corporation wants to have a team and a stadium......why can't they pay for it themselves? Are they gonna send me a cheque every month when they start to make money out of it???
THE reason toronto never has qualified is our stadiums dont meet the qualifications for this the dome is good but too big of a field and the turf not the best! the acc doenst have a turf and to put one in well!!
have u ever been to lamport that thing is falling apart! the UofT stadium on bloor and dundas is ok but not big enough!
as much as there is soccer fanatics here i dont understand why the government is not sure about building one?? you know the money that would bring in?? but then again look at how under promoted it is! look at the toronto team does anyone know there name?? nope!
That's all it takes ah?!?!? Sorry to hear that......You know....there are clinics for that sort of problem Have you wondered why Canada has never really had much international soccer success......with all the immigrants in this country....from soccer crazy nations? Hey....I'm up for a good soccer game and stadium....whatever.......BUT not when the same government builds a city for the natives on troubled land....knowing about it......and waiting 'till something goes terribly wrong to try to fix it now. Just me.... I know the same arguement can be made about anything...really......but I think......that if a corporation wants to have a team and a stadium......why can't they pay for it themselves? Are they gonna send me a cheque every month when they start to make money out of it???
Hey, you have your nice baseball stadium with a hugea$$ Jumbotron, overpriced beerstands, and clean washrooms.
GENIE wrote: AND THEN TORONTO MIGHT QUALIFY FOR HOSTING THE WORLD CUP!!!! WIPPEEE holy ShIt..........i think i just came....
That's all it takes ah?!?!?
Sorry to hear that......You know....there are clinics for that sort of problem
Have you wondered why Canada has never really had much international soccer success......with all the immigrants in this country....from soccer crazy nations?
Hey....I'm up for a good soccer game and stadium....whatever.......BUT not when the same government builds a city for the natives on troubled land....knowing about it......and waiting 'till something goes terribly wrong to try to fix it now. Just me....
I know the same arguement can be made about anything...really......but I think......that if a corporation wants to have a team and a stadium......why can't they pay for it themselves? Are they gonna send me a cheque every month when they start to make money out of it???
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"Most of us fall short much more by omission than by commission."
Daeveed wrote: I FuCkInG care!!! I want a soccer stadium so I can go oleeee ole ole oleeeeeeeee oleeeeeee oleeeeeeee!!! Salta en el tabloooooonnn, salta en el tablooooooooon salta en el tabloon que vamo'a salir campeooooonnn!!!! that's what i pay taxes for dammit!! DITTO!!!!!
AND THEN TORONTO MIGHT QUALIFY FOR HOSTING THE WORLD CUP!!!! WIPPEEE
I FuCkInG care!!! I want a soccer stadium so I can go oleeee ole ole oleeeeeeeee oleeeeeee oleeeeeeee!!! Salta en el tabloooooonnn, salta en el tablooooooooon salta en el tabloon que vamo'a salir campeooooonnn!!!! that's what i pay taxes for dammit!!
DITTO!!!!!
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I have a problem with this. Just wondering if any of you care at all....
Attached is an article I just read about the proposed deal for the new soccer stadium at the Exhibition grounds......Just wondering if any of you care about how your tax dollars get spent...when there are far better thing we could use that money for......In MY opinion....
The Proposed Stadium at the Ex
It might be a good deal…but not for us.
Let’s make something perfectly clear as we begin. I’ve got problems with this deal from a couple of different, but related, perspectives.
1. Having lived through the fiscal debacles that were the construction of the Olympic Stadium in Montreal and then the Skydome (now Rogers Centre) in Toronto, the mere notion of any government handing out millions more for another stadium, like it was Halloween candy, defies all logic. John Q. Taxpayer was left with a billion dollar bill in the sixties and another half billion in the late eighties. Oh, we have a few memories, but today the Big O stands virtually unused and doubtless would have been bulldozed by now, except the prospect is too embarrassing to contemplate.
In Toronto, the Skydome cost more than four times the pre-construction estimate and was spewing red ink at an undamable rate when the government surrendered. The 600 million dollar concrete convertible was sold for about 100 million a few years ago to a group of unsuspecting Americans (who, by the way, lost their shirts on the deal) and then to Ted Rogers for $25 million. At the current rate, Ted will have to pay someone to take it off his hands. But the point is, stadium deals don’t work when taxpayers dollars are in play.
2. Maybe more concerning in the Exhibition Stadium deal is the proposed cuddling of the government and Maple Leaf Sports and Entertainment. In general terms, here is the deal. Your federal taxes are poured into the stadium with no equity, no interest, no payback, no nothing in return. To get a more tangible concept of how this works, take a five dollar bill and a match and go outside. Strike the match and light the bill. When the bill has been reduced to soot and is being dispersed by the wind, the deal has been concluded. The money is gone and you are left standing there with your…well, not your five dollar bill in your hand. Same principle as the stadium deal. Now, repeat above to represent the provincial contribution. By this point you should be getting the message.
Now the city of Toronto, being either, a) smarter, or b) dumber, than their federal and provincial brothers, will also throw about $20 million into this apparent abyss. (I suppose I can’t be sure it is an abyss, but since I know there is going to be a hole, and I’m not convinced there is going to be a bottom to the hole, let’s go with the aforementioned.)
If the deal actually makes money (gasp!!!), then the city will realize some return on their investment and therefore the correct answer will be, a) smarter.
On the other hand, should the soon to be shoveled hole prove unfillable, no matter how much currency is poured in (based on historical data available at the time of this writing, the more predictable outcome) well then, the correct answer will be, b) dumber.
One other thing is predictable. If a) is true, not only will MLSE stick around, they will find a way to take over the whole damn thing, offering something approximating the value of a Larry Hillman rookie card as fair compensation. However, if b) becomes the reality and red ink becomes visible, MLSE will close up its “soccer shop” faster than you can say “Teacher’s Pension Fund,” shrug its collective shoulders and return to the hockey machine that has powered MLSE’s profits to date.
While the outcome may be uncertain, I know that I, John Q. Taxpayer, upon consideration of this deal as a part of my retirement portfolio, would run…not walk in another direction. Of course, when governments are involved in determining the fate of our funds, they are not inclined to ask our opinion.
The Deal
Federal Government $27.0M
Provincial Government $ 8.0M
City of Toronto (cash) $ 9.8M
(land) $10.0M
MLSE $ 8.0M
Naming rights $10.0M
Total $72.8M
Notes:
When the city talks about its contribution, they use the figure $9.8 million, downplaying the value of the land, as if to say, “Well, you have to have land before you can build anything, so that really isn’t part of our investment, so forget about that. And besides, we have spent 20 years and millions of dollars trying to figure out what to do with that land and haven’t manage to come to any conclusions until now, so this really is just another migraine that we won’t have to deal with, so let’s all collectively develop amnesia just concentrate on the $9.8 million.”
Oh, by the way, real estate people have all raised a “Spockian” eyebrow when I have suggested that the value of the land in question is 10 mill. They seem to think it is worth more. Lots more! But…what the hell…let’s not nit-pick.
And let us examine those naming rights. True enough, MLSE will kick in 10 big ones for that. But if you consider this to be a magnanimous gesture, reconsider. In return, the Leaf guys will be able to sell these rights for the next 20 years and John Q.’s piece of this pie will be…zip! That’s right, MLSE gets every scratched loonie.
To get some kind of idea what this little gem might be worth, I made a few phone calls to people who know this stuff. Well, apparently, this is an inexact science, since estimates I received varied from a low of $500,000 per year to a high of $3 million per year. But if you do the math you quickly discover that, at the low end, MLSE breaks even…no pain no gain…and their risk is zero. But on the upside, they could make out like bandits! I suppose it is unrealistic to talk about $60 million over the life of the deal, but would you be surprised if it turned out to be, say, half that? Me neither.
Oh, and one other point. If it so happens that the sign for the stadium, for some reason, can’t be big enough or bright enough or gaudy enough to be seen from the Gardiner and, as such, MLSE can’t recoup its ten million, then they get it back and are off the hook. WHO they get it back from isn’t exactly clear, but my guess would be same as your guess…The City!!!
And just to put it in perspective, this is kind of like going to the racetrack and walking up to the window and saying, “First race, Woodbine, two dollars to win, on the winner,” and having them hand you the ticket. If the race is actually run, you win. The worst that can happen is that the horses go on strike and you get your money back. This amounts to a wager without risk, which isn’t a wager at all.
But there is more. You have doubtless heard it ballyhooed by promoters of this deal, that MLSE will cover any cash shortfalls in the construction of the stadium. Well, that’s pretty good. Except, upon closer examination we discover that the Leaf guys have agreed only to assume the first $250,000 in overruns. Anything over that is split with the city. That’s not so good.
MLSE will pay $300,000 in rent for 16-20 MLS soccer games. I’m told that figure is pretty low. They’ll also scoop 33-40% of parking revenues and $200 grand for management services, plus “an undisclosed incentive fee from positive stadium cashflows”, although I can’t figure out what in the name of Turk Broda that might be, except that I’m certain it will be something and probably not an insignificant something.
MLSE will run the food and beverage operation, but there is a catch. The stadium itself is responsible for all costs associated with food and beverages and the Leaf guys will scoop 25% off the top, regardless of the profitability of the enterprise. Well…nice deal!
MLSE also boasts that 55% of all user fees from the sale of tickets, 20% of team and stadium net sponsorship dollars, 15% of gross merchandise revenues and 55% of premium seat revenues will all be handed over to “the stadium” as part of the deal. Of course, one might want to remember that MLSE will hold 50% of the equity in “the stadium”, so half of their contribution will, effectively be, to themselves.
And one more goodie. Should the Toronto Argonaut owners take leave of their senses, as they did last year when they started this whole stadium mess, and decide they want to leave the Rogers Center for “Soccer World,” MLSE will have secured “most favoured nation” status and as such will get a hunk of Argo-related revenues, like rent and food and beverage and merchandise.
I guess it’s only reasonable. No point plundering just some of the conquered masses. Get ‘em all!
So there is the deal. (Oh, there is plenty more, but I think you have the general landscape.)
Yet, if you are still unsure about the wisdom and viability of this proposal, consider the following query... if this was such a good deal, why wouldn’t MLSE just do it themselves? I mean, they could probably fund the whole damn thing with one year of net revenue from the Air Canada Center and not have to share a nickel with anyone.
The fact that they aren’t, may tell you and I more about the viability of this deal than any of the above.
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"Most of us fall short much more by omission than by commission."