Falconwhit Posted August 29, 2016 Share Posted August 29, 2016 OK, I just read this article. http://www.ajc.com/news/sports/football/falcons-close-on-850m-in-stadium-financing/nsNXY/ Falcons brass is all excited about how $850M in new long term financing "came a year earlier than expected due to the great enthusiasm of the new stadium." Cough, cough. Um....I heard recently that only about 55% of the PSLs have been sold. It seems that this loan and refinancing was done because they had to. Due to the lethargic (and justified) response from season ticket holders and their lack of buy-in for forking over the dough for PSLs. When will this organization get out of complete denial? Especially with the product that may be gracing us this year..... Quote Link to comment Share on other sites More sharing options...
Big_Dog Posted August 29, 2016 Share Posted August 29, 2016 And if the team doesn't shape up to a better than an 8-8 season, Blank will have snow white hair or even worse, no hair. Quote Link to comment Share on other sites More sharing options...
A Dog Named Brian Posted August 29, 2016 Share Posted August 29, 2016 Some of you guys should just stick to internet forums. They got the money earlier because banks saw it as a good investment, which happens in the world of finance by the way Quote Link to comment Share on other sites More sharing options...
WOR Posted August 29, 2016 Share Posted August 29, 2016 11 minutes ago, A Dog Named Brian said: Some of you guys should just stick to internet forums. They got the money earlier because banks saw it as a good investment, which happens in the world of finance by the way Hyuck Hyuck, havent you heard? Falcons gonna go broke cause Ryan sucks. Quote Link to comment Share on other sites More sharing options...
FentayeJones Posted August 29, 2016 Share Posted August 29, 2016 ok Quote Link to comment Share on other sites More sharing options...
youngbloodz Posted August 29, 2016 Share Posted August 29, 2016 1 hour ago, Falconwhit said: OK, I just read this article. http://www.ajc.com/news/sports/football/falcons-close-on-850m-in-stadium-financing/nsNXY/ Falcons brass is all excited about how $850M in new long term financing "came a year earlier than expected due to the great enthusiasm of the new stadium." Cough, cough. Um....I heard recently that only about 55% of the PSLs have been sold. It seems that this loan and refinancing was done because they had to. Due to the lethargic (and justified) response from season ticket holders and their lack of buy-in for forking over the dough for PSLs. When will this organization get out of complete denial? Especially with the product that may be gracing us this year..... Wrong sir. Not how financing works Quote Link to comment Share on other sites More sharing options...
hjerry Posted August 29, 2016 Share Posted August 29, 2016 1 hour ago, A Dog Named Brian said: Some of you guys should just stick to quit internet forums. They got the money earlier because banks saw it as a good investment, which happens in the world of finance by the way fixed Quote Link to comment Share on other sites More sharing options...
brewman Posted August 29, 2016 Share Posted August 29, 2016 (edited) From what I read the refinancing is simply a customary conversion of the construction loans (short-term) to longer term (lower interest rate) loans. The Falcon's had anticipated doing this next year, but were able to get such favorable rates now that they went ahead with it. AJC Article Edited August 29, 2016 by brewman Quote Link to comment Share on other sites More sharing options...
birdz4i Posted August 29, 2016 Share Posted August 29, 2016 Quote Link to comment Share on other sites More sharing options...
Duff_Man Posted August 30, 2016 Share Posted August 30, 2016 Yet another in a long line of AFMB examples where being negative take precedence over being right. Quote Link to comment Share on other sites More sharing options...
Mr.11 Posted August 30, 2016 Share Posted August 30, 2016 (edited) 16 hours ago, Falconwhit said: OK, I just read this article. http://www.ajc.com/news/sports/football/falcons-close-on-850m-in-stadium-financing/nsNXY/ Falcons brass is all excited about how $850M in new long term financing "came a year earlier than expected due to the great enthusiasm of the new stadium." Cough, cough. Um....I heard recently that only about 55% of the PSLs have been sold. It seems that this loan and refinancing was done because they had to. Due to the lethargic (and justified) response from season ticket holders and their lack of buy-in for forking over the dough for PSLs. When will this organization get out of complete denial? Especially with the product that may be gracing us this year..... Obviously the people that financed the deal aren't as concerned as you are. In fact, quite the opposite. You seem to forget that this stadium will also be home to the Atlanta United MLS team, and will also host numerous major sporting events including the Super Bowl. Mercedes Benz wants to put their name on it, so that's already a steady of income coming in for the next 5-10 years. These investors seem confident that this stadium will be around for awhile and that the debt will be paid off, and in a timely manner. So, unless you have all the details of how and where this stadium will be generating its income from (and what I mentioned is just a few), what good reason do you have to be such a negative nancy about this financing deal? Edited August 30, 2016 by JerseyNo12 Quote Link to comment Share on other sites More sharing options...
kevykev21 Posted August 30, 2016 Share Posted August 30, 2016 4 hours ago, Duff_Man said: Yet another in a long line of AFMB examples where being negative take precedence over being right. ^^^ Quote Link to comment Share on other sites More sharing options...
trubirdfan4life Posted August 30, 2016 Share Posted August 30, 2016 Because of a hard salary cap and revenue sharing, all nfl teams turn a profit...any lender would jump at the opportunity Quote Link to comment Share on other sites More sharing options...
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