I don't post in the horse racing thread. I also took a guess that it was GK when the profile said woo pig and took an educated guess it was him.
The real crime here would be not getting Goodfellas-era Ray Liotta to play GK in the inevitable film adaptation of this saga
I still think about “your da man in da hole” sometimes. There is no possible meaning. Adding this to the list.
why would they finance that? 38M per year is like one superstar salary. Seems like they could afford that.
Pay 380 million now of let’s say $1b in cash for simplicity sake. That means you have 620mm left. Let’s say you have a range of investments and you expect a 10% return, again that number for simplicity sake. So you pay out 380mm and then make 10% from your remaining 620mm at end of year so now you’re got 682 mm. Let’s say the bank is charging you 10% on your loan, so you owe the bank 41.8mm year one. But you only took 41.8 mm from your 1b. So that 10% from investment is of 938.2mm instead of 620mm. So by financing through the bank you are making over 30mm additional dollars by not paying it off. you can extract this over 10 years if you want to, but long story short is that you can make more money with what you’ve got in your pocket than what you payoff as long as your returns are greater than your interest rate. isnt capitalism cool and fair for all!! Also I don’t think the raiders org or Davis family have 1b lying around, and I realize 10% is a huge number.
I know you know this but just to add - if Jeff Bezos owned the Raiders he wouldn’t pay cash out of pocket either for all the reasons you just explained.