Free Essay

Dallas Cowboys

In:

Submitted By Georgy1987
Words 325
Pages 2
Final Case Study
Financial Management
Done by Georgy Volkov
Topic:
Dallas Cowboys Stadium

In order to complete the task, I first write out the financial information:

The team value - 851 000 000 $
Total Revenues in year 2002 – 198 000 000 $
The cost of construction of the new stadium - 650 000 000 $
Time to build the stadium - 2 years (2003 and 2005).
Costs will be paid in two parts of 325 000 000 $ in year 2004 and year 2005
Rights of the name - 18 000 000 $ per year until year 2035.
Stadium rent - 8% of the stadium revenue
Private funds - 500 000 000 $, amortization is 15 years, interest rate is 10%
They also took a loan from G-3 - 150 000 000 $, amortization is 15 years, interest rate is 7%.
Inflation rate is 2,5 %
The tax rate is 20 % (I took it so, because there was no information about the tax rate in the case and at that time NFL was tax-exempt. However, this exempt will end in 2015, according to WSJ - http://www.wsj.com/articles/nfl-to-end-tax-exempt-status-1430241845 )
Depreciation is 15 years at 43.33 000 000 $ per year
The maintenance costs will be 7 000 000 $ per year

In the conclusion I would like to say, that without the help of City of Arlington, the loan form G-3, it would practically impossible for Dallas Cowboys and its owner Jerri Jones to build the stadium. Even the Texas governor passed the bill for people to vote in order to decide, whether to raise the taxes or not to pay for a stadium complex for Dallas Cowboys.
Also, I would like to add, that if the city would not help the team, the was a possibility to move to another town. And that would be a great loss for Dallas, because Cowboys now rank as the 3 most valuable Sport Team in the world according to Forbes.

Similar Documents

Free Essay

Dallas Cowboys

...He received a scholarship to Fordham University in 1933. There he studied law but in his heart he always wanted to coach football. His first coaching job was at ST. Cecilla High School in 1939, where he coached basketball, football, and baseball; he had championship seasons with all of them. He later left there and became an assistant coach at the United States Military Academy at West Point. He told all of his teams: “winning isn’t everything; it’s the only thing” (Norwood). This means, if you do not win, no one will remember who you are. He taught his players that winning is the only thing and losing is not an option. Tom Landry had a different past, but he also always wanted to coach all of his life. He always dreamed of becoming a Dallas Cowboy’s football player, ever since he was a boy. When Landry played football in high school, he learned everything about the game of football and became a great quarterback....

Words: 1167 - Pages: 5

Premium Essay

Dallas Cowboys Research Paper

...Dallas Cowboys Flashback: All About the 17 #17 Jersey Wearers for the Dallas Cowboys 1.QB Don Meredith- (1960-1968) SMU In his nine season with the Cowboys, he threw for 17,199 yards and 135 touchdowns. His accolades with Dallas include 3 time pro-bowler and 2 time all-pro. He was known for his passing attack. After taking a beating on the field, Meredith retired from the NFL prior to the 1969 season. The Dallas Cowboys honored his career by naming him to the Ring of Honor in 1976. 2.QB Jason Garrett- (1993-1999) Princeton Everyone knows Garrett as the current Dallas Cowboys head coach, but he also had a successful playing career as a back up for Dallas. In his seven years, he only started nine games, but he threw for 2,042 yards for 11...

Words: 643 - Pages: 3

Premium Essay

Dallas Cowboys Research Paper

...Describe the Dallas Cowboys football game The Dallas cowboys are a professional American football team located in the Dallas – Fort Worth metroplex. The Cowboys compete in the National Football League as a member club of the league’s National Football Conference East division. The cowboys are one of the many teams that compete in Nationals. They also have it rough, working out for a living, also hurting other people for a paycheck that’s wrong. The Cowboys are 4th in the NFC East. The last game the Cowboys played was last Sunday, September 11 2016 with the loss of just one point 20-19. The Dallas Cowboys were formed as a franchise in 1960, and were known as the Dallas Steers and the Dallas Rangers before settling on “Cowboys” prior to the...

Words: 257 - Pages: 2

Free Essay

Dallas Cowboy Stadium Analysis

...sales and personal seat licensing, to numerous types of media coverage, to sports apparel, to performance effects, to even beverage endorsements, the valuation of a professional sports team is not a simple task. In 2010, the 32 teams in the NFL generated over $8 billion dollars in revenue and were valued at a collective $33 billion. Those staggering numbers are generated through a multitude of different econometric analysis and different approaches to valuing the net worth of a team. Cost-asset based approach, income approach, and market/sales comparisons are a few ways that analysts and investors can value a team. For purpose of specificity, I plan to focus on the novelty effects of the Dallas Cowboys new Cowboys Stadium on revenues and the overall value of their organization. (Dallas Cowboys are privately owned, thus public financial information is not available so other resources were used) Does a new stadium have a positive effect of an NFL team? Well, that question kind of seems vague and challenging to answer. Inevitably it would seem that players would want to play harder in a newer facility, thus improving the performance of their game, in turn spurring larger attendance rates which would generate more revenues. However, it is not as simple as that, as there is much to analyze in term of costs that would affect an owner to make such a decision. In regards to a specific method of valuation to analyze the question at hand, the Income Approach is the most efficient measurement...

Words: 2017 - Pages: 9

Premium Essay

Dallas Cowboys Team

...However, I find the Dallas Cowboys to a great example of a team. Especially the 1995 SuperBowl team. Jimmy Johnson and owner Jerry Jones loaded this team with talent that had been built. Although Jimmy Johnson wasn’t the head coach any longer, their Cowboys were still championship ready. They had stars like Emmitt Smith, Try Aikman, and Deion Sanders on the 1995 championship team. Although they started out with a major loss to San Francisco who were the new revival to the Cowboys, who beat them the year before in the NFC Championship game. The Cowboys seem to have lost their swagger that year, but with a team effort came back at the end of the season to regain their title. Larry Brown said called Troy Aikman their leader was a pure protection (America’s Game 1995,N.D 2016). However, this team fell apart after Jimmy Johnson left. On the other hand, they were able to become goal oriented again and followed their leader late in December after losing a few big time games and won the1995 Super Bowl against the Pittsburg Steelers...

Words: 429 - Pages: 2

Premium Essay

Richman Investments

...about the Dallas Cowboys being Americas Team. A controversial issue about the Dallas Cowboys being Americas Team. DALLAS COWBOYS AMERICAS TEAM By Daniel Alvarado Jr. DALLAS COWBOYS AMERICAS TEAM By Daniel Alvarado Jr. ITT Tech Comp I Shelly Dwelly August 31, 2012 DALLAS COWBOYS then and now How the Dallas Cowboys Became Known as “America's Team” The Dallas Cowboys were dubbed, “ America’s Team” however as time passed from the 1960’s to present date there has been so much controversy over why they continue with that crown. The Dallas Cowboys originated in Kansas, the team was known as the “Steers.” After a few weeks, however, the name was changed to “Rangers.” At the same time, a baseball team operated in Dallas under that name, but was supposed to fold before the 1960 football season. However,” when the baseball team decided to play one more season, Clint Murchison Jr. and Bedford Wynne, owners of the new NFL (National Football League) team, selected the name of Cowboys to avoid confusion. Most games in that time were being played in Florida where the Steelers and the Cowboys met for the Cotton Bowl. “(Chris Creamer's December 5, 2011Dallas Cowboys 1960’s to present.) Now that the Dallas Cowboys were created there would be no confusion and it would now distinguish who was who. The Cowboys have been in the NFL for many years, under different ownership to different management. One thing that many fans look at today when it comes to the Dallas Cowboys is the coaching...

Words: 1621 - Pages: 7

Free Essay

Deion Sanders

...to hit a homerun and score a touchdown in the same week. What a way to start your professional career as an athlete. After five seasons with the Falcons in 1994 Sanders signed one year with the San Francisco 49ers. That year Sanders set the NFL record for the most ever yards returned after an interception, with 303, a record that still stands today. He also tied the record for interceptions returned for a touchdown, with three that season. That year he was deservedly voted the NFL Defensive Player of the Year, and his team won Super Bowl XXIX against the San Diego Chargers. After one season with the 49ers Sanders signed with the Dallas Cowboys during week 2 of the season, making him at the time the highest paid defensive player in the NFL, and in 1995 helped them defeat the Pittsburgh Steelers to win Super Bowl XXX. In five seasons with the Cowboys, Sanders earned Pro Bowl berths in every single one. Sanders entered retirement at the end of the 2000 season. In 2004 however he signed a one year deal with the Baltimore Ravens and ended up tying the record for the second highest intercepted return touchdowns in a career with nine. Sanders also played a...

Words: 600 - Pages: 3

Premium Essay

Cowboys

...The Dallas Cowboys are a professional American football team in the Eastern Division of the National Football Conference (NFC) in the National Football League (NFL). They are based in the Dallas suburb of Irving, Texas. The team currently plays their home games at Texas Stadium in Irving, but they are scheduled to move to a new stadium in nearby Arlington in 2009.[1] The Cowboys joined the NFL as a 1960 expansion team.[2] The team's national following might best be represented by its NFL record of consecutive games in front of sold out stadiums. The Cowboys' streak of 160 sold-out regular and post-season games began in 1990, and included 79 straight sellouts at their home, Texas Stadium, and 81 straight sell-outs on the road.[3] An article on Forbes Magazine's website, published September 13, 2007, lists the Cowboys as the most valuable sports team in the world, with an estimated value of approximately $1.5 billion, ahead of the Washington Redskins ($1.467 billion) and the New England Clint Murchison, Jr. and Bedford Wynne were awarded a National Football League (NFL) expansion franchise on January 28, 1960, located in Dallas, TX. At the annual meeting, they purchased the team for $600,000 (Bohls 1). They were given the status of a “swing team” meaning that they would play every other team in the league their first season of play. They were displaced in the Western Division Standings. Murchison’s and Wynne’s next moved was to high their front office personnel which were:...

Words: 842 - Pages: 4

Free Essay

Southwestern University’s Location Decision

... with seating capacity of 54,000, simply would not suffice. Forecasts showed increasing interest in the program and complaints by loyal fans and big-money athletic club boosters revealed the need for premium-class seating and luxury amenities not found in a 1950s-era stadium. But the choice of what to do was anything but clear to President Wisner. His vice president of development, Leslie Gardner, had presented three options: (1) expand the existing stadium to 75,000 seats, adding numerous luxury skyboxes and upgrading most of the yardline seats to include comfortable backings; (2) build a brand-new stadium three miles from campus on land, worth about $3 million, donated by a team booster; and (3) signing a 10-year contract with the Dallas Cowboys football team to rent their stadium, 28 miles away, for a fee of $200,000 per game. Each of these options had clear benefits—yet each had at least one very strong negative as well. Expanding the current facility carried a $12 million price tag, with an annual fixed cost of about $1 million and with a variable cost of about $1 per attendee. If the job were not completed in the nine-month off-period between seasons, the team would be left without a home field on which to play in 2004. This meant reneging on contract dates with powerhouse teams that were signed some 3 to 4 years earlier. Contract violations are not a matter taken lightly in the NCAA or the Big Eleven Football Conference. Page 3   Southwestern University’s Location Decision  ...

Words: 1387 - Pages: 6

Premium Essay

Dallas Cowboys Research Paper

...program started in Baltimore, Maryland in 1953; however, before that they started as an All- American football conference in 1947. Carroll Rosenbloom was the owner of this program. Weeb Ewbank became the head coach in 1954. (1st source) Between 1853 and 1855, the Colts maintain a record of 11 wins, 24 losses, and 1 tie. That same year Johnny Unitas, a quarterback from the Pittsburgh Steelers. Then, after that happened, their record improved each year and that helped them when they made it to the championship in 1958 versus the New York Giants.After a couple of years went by, Don Shula replaced Ewbank as the new head coach in 1963. After a decade went by, they went to Super Bowl III won again the Jets and won again in 1971 versus the Dallas Cowboys. (Brian)...

Words: 533 - Pages: 3

Free Essay

Cowboys History

...annual league meeting in Miami Beach. The Cowboys were to play as a "swing" team, playing every other team one time during the first season, although listed in the Western Division standings. On September 24th the Cowboys host the Pittsburgh Steelers at the Cotton Bowl in their first official game. The Cowboys held the lead into the 4th Quarter but watched helpless as Quarterback Bobby Lane led the Steelers to a 35-24 come from behind win. The Cowboys would go to lose their first ten games before earning a tie with Giants in New York, in the next to last game of the season. The Cowboys would go on to lose their final game of the season to close out their inaugural season winless at 0-11-1. 1961: Now in the Eastern Division, the Cowboys started their second season at the Cotton Bowl on September 17th still seeking their first win in franchise history, playing the Pittsburgh Steelers. Thanks to Kicker Allan Green's 27-yard Field Goal, the Cowboys won 27-24 win, to start the season 1-0. The Cowboys would go on to win three of their first four games, beating the expansion Minnesota Vikings twice. However, once Dallas faced the rest of the league it was back to reality as they finished with a 4-9-1 record. 1962: The Cowboys began to show some promise in year three, as their offense scored the second most points in the league at 398, on the way to a 4-3-1 start. However, the defense allowed the second most points in the league, and the Cowboys lost five of their last six to finish...

Words: 3874 - Pages: 16

Free Essay

Deion Sanders

...to hit a homerun and score a touchdown in the same week. What a way to start your professional career as an athlete. After five seasons with the Falcons in 1994 Sanders signed one year with the San Francisco 49ers. That year Sanders set the NFL record for the most ever yards returned after an interception, with 303, a record that still stands today. He also tied the record for interceptions returned for a touchdown, with three that season. That year he was deservedly voted the NFL Defensive Player of the Year, and his team won Super Bowl XXIX against the San Diego Chargers. After one season with the 49ers Sanders signed with the Dallas Cowboys during week 2 of the season, making him at the time the highest paid defensive player in the NFL, and in 1995 helped them defeat the Pittsburgh Steelers to win Super Bowl XXX. In five seasons with the Cowboys, Sanders earned Pro Bowl berths in every single one. Sanders entered retirement at the end of the 2000 season. In 2004 however he signed a one year deal with the Baltimore Ravens and ended up tying the record for the second highest intercepted...

Words: 341 - Pages: 2

Premium Essay

Dallas Cowboys Case Summary

...Dallas Cowboys’ quarterback Tony Romo believed that the contract negotiations between Dez Bryant and the team will be figured out in the end and that their star wide receiver will not miss any games this coming season, as per NBC Sports’ Pro Football Talk. “The NFL is a business, it really is,” said the 35-year-old veteran. “You’ll see that side sometimes, with DeMarco (Murray) leaving and Dez not being part of the offseason.” Romo added that he thinks everything “will work out” for the former Oklahoma State standout. When asked about how Bryant’s case would affect the relationships within the team, Romo answered in a come-what-may tone saying that NFL players are professionals who always expect turnovers and that rosters always change in...

Words: 381 - Pages: 2

Premium Essay

Relations-Seqences-Functions-Graph

...Task Background: Suppose you are developing a statistical database in which information about professional football teams and records are stored. Consider the following 2 sets of data that list football teams and quarterbacks: D = {Jets, Giants, Cowboys, 49’ers, Patriots, Rams, Chiefs} Q = {Tom Brady, Joe Namath, Troy Aikman, Joe Montana, Eli Manning} NOTE: (You can also use http://www.pro-football-reference.com to find this information, but here it is as well :) The following list gives you the relationships (mapping) between team and QB. * Jets – Joe Namath * Giants – Eli Manning * Cowboys – Troy Aikman * 49’ers – Joe Montana * Patriots – Tom Brady * Rams – Joe Namath * Chiefs – Joe Montana 1. Using D as the domain and Q as the range, show the relation between the 2 sets, with the correspondences based on which players are on which team. Show the relation in the following forms: Set of ordered pairs (20 points) Directional graph (like the pictures draw in class in our live chats – see HINT below). (20 points) The ordered pairs when D is the domain are:  {(Jets,Joe Namath),(Giants,Eli Manning),(Cowboys, Troy Aikman),(49ers,Joe Montana),(Patriots,Tom Brady),(Rams,Joe Namath),(Chiefs, Joe Montana)} 2. Is the relation a function? Explain. (10 points) This is a function, because every element (Quarterback) of the domain  is mapped to exactly one unique element (Team) of the range. So with the one to one relation of player to team...

Words: 580 - Pages: 3

Premium Essay

Informative Speech On American Football

...Good Morning, my name is Nathan Hood. You have family members around you, a busy kitchen, everyone is eating chicken wings, pizza, popcorn, and beverages. If you have all these things in one place, you’re all having a super bowl party. Today I will inform on the rules of the american football as well as the history behind this sport, and the exciting and controversial game of super bowl. First I will discuss the rules that the american football has and I will also include the scoring system. Secondly I will talk about how american football has evolved from rugby and soccer. Lastly I will talk about the most talked about game, the super bowl and about how the people spend their time watching the game. The rules of the american football are very simple. According to american football there are two opposing teams, the offense and the defense. The offense stretches score points on the defense, while the defense tries to obtain position of the ball, and keeps the offense of the other team from scoring. There are four ways to score in a football game. The main scores of points the player will get is by scoring a touchdown. Another way to score is by kicking the ball between the goal post and the team will obtain one point. The field goal is another way to score, even though the player could not reach till the ending zone, it still has the opportunity to score between the goal post and they will give you the three points. The most uncommon way of scoring is by safety, this happens...

Words: 603 - Pages: 3