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Sportsbook Willing to Bridge 30 Million Dollar Gap

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That's the biggest problem I see with this - the naming rights were supposed to be a revenue stream for the team (and I might be wrong about this, but a part of the $192 mil in rent payments they were to give), and by putting the naming rights money into the stadium the Marlins would essentially be increasing their contribution, which they've said they won't do.

779232[/snapback]

yup.

 

i'm not exactly sure who would be getting the money for naming rights (since the team won't own the stadium), but i'd imagine that revenue stream was already accounted for when each side decided how much they'd contribute.

 

betcris.com got some nice free pub though.

That's the biggest problem I see with this - the naming rights were supposed to be a revenue stream for the team (and I might be wrong about this, but a part of the $192 mil in rent payments they were to give), and by putting the naming rights money into the stadium the Marlins would essentially be increasing their contribution, which they've said they won't do.

779232[/snapback]

yup.

 

i'm not exactly sure who would be getting the money for naming rights (since the team won't own the stadium), but i'd imagine that revenue stream was already accounted for when each side decided how much they'd contribute.

 

betcris.com got some nice free pub though.

780300[/snapback]

 

well, if they up the price for the naming rights, then they can bridge at least SOME of the gap and still keep the rest as the revenue stream.

The county will be the owner of the stadium, and therefore the naming rights money would most likely be theirs. Of course, there could be a proportional split of the money among all involved since there would not be a stadium if all three parties were not cooperating. If they could find a decent non-gambling sponsor that could pay to have their name on the stadium, it could ease the economic burden of all involved and we could have our stadium for 2008!!!!

From what I understand, the Marlins would recieve the bulk of the revenues, while the county owns the equity in the stadium. The team would recieve the Naming rights, luxury suites, etc. The stadium would be an asset on the county's Balance sheet.

How about, we asked them to pay for the cost of the over runs plus the 30 or 45 we need?

780485[/snapback]

That would be absolutly GOLDEN.

780501[/snapback]

I agree

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