The state can't afford paying

ScottyRo · 02-03-2005, 12:11 PM

But, if it comes down to it, I want Benson to get his money if it comes down to the Saints leaving.

Loved the article 67, it just confirmed the gut feeling I have been having for a while about LA. as a potential place for the Saints.

Gumbo, why don\'t we just make Benson Dictator of Louisiana and get it over with? Then he wont move the team, I\'m sure.

Look at this...

Benson has profitted handsomely every year he has owned the team...maybe not as much as others, but maybe that\'s his fault.

Benson bought the team for about $70 mil. By the time he has owned it for 20 years, it may be worth 10 times that much. Do you have any idea how much someone can reasonably expect money to grow over the course of 10 years? 7 to 10 percent. Thus for 20 we\'re looking at 20% max for reasonably good growth. That is 1.2 as opposed to the 10 Benson actually has gotten or can anticipate getting.

I can\'t fault him for making a wise investment. But for him to cry like he\'s not even solvent on the Saints while refusing to divulge the actual figures, is petty, dishonest, and down right dirty.

02-03-2005, 12:11 PM	#21
ScottyRo 1000 Posts + Join Date: Jun 2002 Location: Williamsburg, VA (ugh, the food here) Posts: 1,704	The state can't afford paying But, if it comes down to it, I want Benson to get his money if it comes down to the Saints leaving. Loved the article 67, it just confirmed the gut feeling I have been having for a while about LA. as a potential place for the Saints. Gumbo, why don\'t we just make Benson Dictator of Louisiana and get it over with? Then he wont move the team, I\'m sure. Look at this... Benson has profitted handsomely every year he has owned the team...maybe not as much as others, but maybe that\'s his fault. Benson bought the team for about $70 mil. By the time he has owned it for 20 years, it may be worth 10 times that much. Do you have any idea how much someone can reasonably expect money to grow over the course of 10 years? 7 to 10 percent. Thus for 20 we\'re looking at 20% max for reasonably good growth. That is 1.2 as opposed to the 10 Benson actually has gotten or can anticipate getting. I can\'t fault him for making a wise investment. But for him to cry like he\'s not even solvent on the Saints while refusing to divulge the actual figures, is petty, dishonest, and down right dirty.