Message Board Basketball Forum - InsideHoops

Go Back   Message Board Basketball Forum - InsideHoops > NBA Team Forums > New Orleans Pelicans Forum

New Orleans Pelicans Forum New Orleans Pelicans message board - New Orleans Pelicans Forum

Reply
 
Thread Tools
Old 01-24-2014, 05:07 PM   #1
Copperhead
Local High School Star
 
Copperhead's Avatar
 
Join Date: Nov 2006
Posts: 1,391
Copperhead has decent reputationCopperhead has decent reputation
Default New Orleans Pelicans owner Tom Benson picked the right time to invest in the NBA

Quote:
If you could make an investment that increased in value by 24 percent over the course of a year, you'd likely scratch together whatever capital you had and dive in head-first.

According to Forbes Magazine, that's the percentage of gain made by the New Orleans Pelicans franchise over the past year.

The financial journal says the Pelicans, purchased for $338 million by Tom Benson in April 2012, are now worth $420 million.

Do the math.

If the magazine's numbers are to be believed, the owner has realized an appreciation of $82 million in less than two years.

Ah, life is good.

Forbes speculates that the Pelicans generated $116 million in revenue last year and earned, before interest, taxes depreciation and amortization, $11.2 million in profit.

Obviously not all that money was generated by ticket sales last season, a year when New Orleans ranked 29th, or second-to-last, in the NBA, averaging 13,803 fans per game.

Rather, Forbes concludes, the new collective bargaining agreement, in which the players' share of league revenues shrunk from the previous 57 percent to 50 percent, along with $120 million that was distributed from the higher-earning teams to the less-monied clubs revenue sharing helped make all but four of the league's 30 teams money-makers a year ago.

http://www.nola.com/pelicans/index.s...iver_d efault
Copperhead is offline   Reply With Quote
Old 01-31-2014, 03:08 AM   #2
veilside23
alternick = loser :D
 
veilside23's Avatar
 
Join Date: Aug 2007
Location: P.I.
Posts: 3,666
veilside23 is popular on this boardveilside23 is popular on this boardveilside23 is popular on this boardveilside23 is popular on this board
Default Re: New Orleans Pelicans owner Tom Benson picked the right time to invest in the NBA

future is bright as long as they Keep Davis.. dude is a monster i hope he gets enough support
veilside23 is offline   Reply With Quote
This NBA Basketball News Website Sponsored by:
Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -4. The time now is 02:32 AM.




NBA Basketball Forum Key Links:
InsideHoops Home
NBA Rumors
Basketball Blog
NBA Daily Recaps
NBA Videos
Fantasy Basketball
NBA Mock Draft
NBA Free Agents
All-Star Weekend
---
High School Basketball
Streetball
---
InsideHoops Twitter
Search Our Site













Powered by vBulletin Version 3.5.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd. Terms of Use/Service | Privacy Policy