So I don’t get it....all these outlets have been touting this league as being different and able to survive due to how it’s not trying to outdo the NFL or replace it. However, they couldn’t budget for the first season, let alone first two weeks?!? I simply can’t understand how that even happens....from season one to two, sure, but after week two of your first season?!?
They had a pretty solid TV package and must have budgeted for salaries. How the heck did this happen? Holy heck.....
>>“I think what happened is an original investor sort of led us (Ebersol and the Alliance) into believing he could come up with the money to get us through the first year, and then he sort of bailed out,” Spurrier said. “He didn’t have it (the money), and we found Tom Dundon. I think he (Dundon) liked the idea so much , he became the majority owner (of the league) and now we’re all set to go for quite a while.<<
>>“After that first week of games, we were at the height of our valuation and were able to dictate our future,” Ebersol said when asked by the Sentinel if the league was in a financial bind before Dundon bought in. “We are a start-up, and start-ups usually raise money in pieces — there’s a Series A piece, Series B, Series C, etc. After the success of the first week, we had a number of investors come to us and offer us all kinds of different investments. Tom Dundon showed up and said, ‘Do you want to continue to raise Series B, Series C and Series D or do you want to raise Series Infinity right now and be taken care of from now on.’ That was an offer I was not going to refuse.”<<
I take the reverse view. Its surprising they were able to get any such insurance in the other states. Under current laws, the court system and our court oriented culture, could you ever have enough insurance unless you are the NFL?