Cash On Hand

AsylumGuido · 03-10-2014, 08:55 PM

Originally Posted by ChrisXVI

You really think Benson couldn't get the money if he needed it?

He could come up with $100M tomorrow if he wanted. Chill.

ScottF · 03-10-2014, 08:56 PM

Originally Posted by TheOak

None of which means he has $15m in cash around. See all the places where it says payment(s)?

Benson is an investor. It is very foolish to have $15m sitting in a checking or savings account earning 1%.

In the last 3-4 years he has written $50m in checks to just Brees and Evans.

yes, and after he wrote the checks he still had $31,000,000 in profit each year

ChrisXVI · 03-10-2014, 08:59 PM

In one of the most corrupt cities in America we're speculating that a billionaire might not be able to come up with a few extra million LOL.

AsylumGuido · 03-10-2014, 09:01 PM

Originally Posted by ChrisXVI

In one of the most corrupt cities in America we're speculating that a billionaire might not be able to come up with a few extra million LOL.

Yup, pretty dumb, huh?

TheOak · 03-10-2014, 09:04 PM

Originally Posted by ScottF

yes, and after he wrote the checks he still had $31,000,000 in profit each year

Which still means absolutely zero in in terms of cash on hand. Profit doesn't automatically go into a mattress. Generally it gets rolled over into something else. Perhaps another car dealership, charity, motel... Even the filthy rich don't just let the ledger on the check book register roll up to $15m.

TheOak · 03-10-2014, 09:08 PM

A billion dollar corporation can easily be cash broke due to cash flows. Just because you have a multi-million dollar contract, doesn't mean your getting paid faster than you are spending or investing.

Payable vs Recieveable

hagan714 · 03-10-2014, 10:45 PM

this is why we raised season tickets prices, ya think

AsylumGuido · 03-10-2014, 10:59 PM

Originally Posted by TheOak

A billion dollar corporation can easily be cash broke due to cash flows. Just because you have a multi-million dollar contract, doesn't mean your getting paid faster than you are spending or investing.

Payable vs Recieveable

Originally Posted by hagan714

this is why we raised season tickets prices, ya think

My God, are you two crazy?

Last year Benson was worth $1.2 billion. This year he is worth $1.5 billion. That is $300 million in net growth over the past 12 months. Right now he is looking for ways to distribute cash to offset the revenue to defray taxes. Current year spending in the form of a bonus would be a help.

As for ticket prices, you charge what you can get and he can get the tiny bit if the increase easily.

And, yes, I do have a degree in accounting in case you are wondering.

foreverfan · 03-11-2014, 04:32 AM

Does this look like a guy that can't come up with a few million?

TheOak · 03-11-2014, 07:34 AM

Originally Posted by AsylumGuido

My God, are you two crazy?

Last year Benson was worth $1.2 billion. This year he is worth $1.5 billion. That is $300 million in net growth over the past 12 months. Right now he is looking for ways to distribute cash to offset the revenue to defray taxes. Current year spending in the form of a bonus would be a help.

As for ticket prices, you charge what you can get and he can get the tiny bit if the increase easily.

And, yes, I do have a degree in accounting in case you are wondering.

Nothing of what has been said in this thread speaks to liquidity, only assets or net worth.

Net Worth = assets - liabilities. Cash is only a portion of assets and since you are so confident in his cash holdings what are they?

Back to my original point; bonuses cant be paid to claim a tax deduction if there is not enough cash on hand to do so.

In regards to "can get", sure he can get, but at what cost?

I wasn't wondering, but thanks. I do not have a degree in accounting, I did sleep at a Holiday Inn Express though.

"Dumb" and "Crazy".. I see why you are the "Ambassador"

One question still remains... With all the incentive to restructure and give bonuses to get a tax break... Why haven't some of the most beneficial to the team contracts not been restructured?

03-10-2014, 08:55 PM	#11
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 24,391	Re: Cash On Hand Originally Posted by ChrisXVI You really think Benson couldn't get the money if he needed it? He could come up with $100M tomorrow if he wanted. Chill.

03-10-2014, 08:56 PM	#12
ScottF 5000 POSTS! + Join Date: Feb 2007 Location: Atlanta Posts: 6,324	Re: Cash On Hand Originally Posted by TheOak None of which means he has $15m in cash around. See all the places where it says payment(s)? Benson is an investor. It is very foolish to have $15m sitting in a checking or savings account earning 1%. In the last 3-4 years he has written $50m in checks to just Brees and Evans. yes, and after he wrote the checks he still had $31,000,000 in profit each year

03-10-2014, 08:59 PM	#13
ChrisXVI 10000 POST CLUB Join Date: Aug 2011 Location: Madison, WI Posts: 11,482	Re: Cash On Hand In one of the most corrupt cities in America we're speculating that a billionaire might not be able to come up with a few extra million LOL.

03-10-2014, 09:01 PM	#14
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 24,391	Re: Cash On Hand Originally Posted by ChrisXVI In one of the most corrupt cities in America we're speculating that a billionaire might not be able to come up with a few extra million LOL. Yup, pretty dumb, huh?

03-10-2014, 09:04 PM	#15
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 18,978	Re: Cash On Hand Originally Posted by ScottF yes, and after he wrote the checks he still had $31,000,000 in profit each year Which still means absolutely zero in in terms of cash on hand. Profit doesn't automatically go into a mattress. Generally it gets rolled over into something else. Perhaps another car dealership, charity, motel... Even the filthy rich don't just let the ledger on the check book register roll up to $15m.

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03-10-2014, 09:08 PM	#16
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 18,978	Cash On Hand A billion dollar corporation can easily be cash broke due to cash flows. Just because you have a multi-million dollar contract, doesn't mean your getting paid faster than you are spending or investing. Payable vs Recieveable
	Last edited by TheOak; 03-10-2014 at 09:28 PM..

03-10-2014, 10:45 PM	#17
hagan714 LB Mentallity Join Date: Dec 2005 Posts: 15,870 Blog Entries: 68	Re: Cash On Hand this is why we raised season tickets prices, ya think

03-10-2014, 10:59 PM	#18
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 24,391	Re: Cash On Hand Originally Posted by TheOak A billion dollar corporation can easily be cash broke due to cash flows. Just because you have a multi-million dollar contract, doesn't mean your getting paid faster than you are spending or investing. Payable vs Recieveable Originally Posted by hagan714 this is why we raised season tickets prices, ya think My God, are you two crazy? Last year Benson was worth $1.2 billion. This year he is worth $1.5 billion. That is $300 million in net growth over the past 12 months. Right now he is looking for ways to distribute cash to offset the revenue to defray taxes. Current year spending in the form of a bonus would be a help. As for ticket prices, you charge what you can get and he can get the tiny bit if the increase easily. And, yes, I do have a degree in accounting in case you are wondering.

03-11-2014, 04:32 AM	#19
foreverfan 12,000 BS Posts Join Date: Mar 2006 Location: Metairie, LA Posts: 13,457 Blog Entries: 5	Re: Cash On Hand Does this look like a guy that can't come up with a few million? ScottF and Rugby Saint II like this.

03-11-2014, 07:34 AM	#20
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 18,978	Re: Cash On Hand Originally Posted by AsylumGuido My God, are you two crazy? Last year Benson was worth $1.2 billion. This year he is worth $1.5 billion. That is $300 million in net growth over the past 12 months. Right now he is looking for ways to distribute cash to offset the revenue to defray taxes. Current year spending in the form of a bonus would be a help. As for ticket prices, you charge what you can get and he can get the tiny bit if the increase easily. And, yes, I do have a degree in accounting in case you are wondering. Nothing of what has been said in this thread speaks to liquidity, only assets or net worth. Net Worth = assets - liabilities. Cash is only a portion of assets and since you are so confident in his cash holdings what are they? Back to my original point; bonuses cant be paid to claim a tax deduction if there is not enough cash on hand to do so. In regards to "can get", sure he can get, but at what cost? I wasn't wondering, but thanks. I do not have a degree in accounting, I did sleep at a Holiday Inn Express though. "Dumb" and "Crazy".. I see why you are the "Ambassador" One question still remains... With all the incentive to restructure and give bonuses to get a tax break... Why haven't some of the most beneficial to the team contracts not been restructured?
	It's not what you look at that matters, it's what you see. ~ Henry David Thoreau Last edited by TheOak; 03-11-2014 at 09:11 AM..

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