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Re: Cash On Hand

Quote:

Originally Posted by ChrisXVI (Post 581807)

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

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

Re: Cash On Hand

Quote:

Originally Posted by TheOak (Post 581799)

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

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.

Re: Cash On Hand

Quote:

Originally Posted by ChrisXVI (Post 581822)

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?

Re: Cash On Hand

Quote:

Originally Posted by ScottF (Post 581820)

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.

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

Re: Cash On Hand

this is why we raised season tickets prices, ya think

Re: Cash On Hand

Quote:

Originally Posted by TheOak (Post 581828)

Quote:

Originally Posted by hagan714 (Post 581847)

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.

Re: Cash On Hand

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

http://media.nola.com/saints_impact/...6907-large.jpg

Re: Cash On Hand

Quote:

Originally Posted by AsylumGuido (Post 581849)

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":rolleyes:

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?