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  • Mac4Lyfe
    SBR Aristocracy
    • 01-04-09
    • 48366

    #36
    Originally posted by brooks85
    ha like talking to a rock. Ill try to explain. First you need to understand a car is not the same as a multimillion dollar company. They are both assets...

    If I drive around bugatti veyron is it going to increase the value of my city? NO. How about parking that Bugatti in front of your restaurant where young woman flock to see who's there and creates an ambiance for people to want to eat at.

    Gilbert made money of lebron, if does not take a genius to figure this out. Just because lebron left, and now the franchise value will go down, does not mean Gilbert and the city of Cleveland did not ride the gravy train for 7 years. And thats not counting the tax loop holes Gilbert jumps through, like every other franchise owner.

    Didn't Lebron earn a wage? I just showed you how Gilbert lost money in this deal. What does any tax benefit Gilbert gets related to Lebron?

    And once again I point out that if Cleveland didn't have Lebron they could have had someone else to entertain them. What is this gravy train you speak of? Didn't Miami have Wade? Didn't the Lakers have Kobe? Is Cleveland somehow different than those cities? How long should LA ride the train off the Lakers?
    I can only assume your a young guy with these comments.
    Comment
    • Mac4Lyfe
      SBR Aristocracy
      • 01-04-09
      • 48366

      #37
      Originally posted by brooks85
      what you apparently dont realize is that is the worth of the company you fool. There was not 476mil dollars sitting in a room, then lebron left, and now there is only 238 left in the room. If you actually think Gilbert lost money, I could use for my taxes. Gilberts life will go on just fine, if he suffers anything, it will because of his letter not because lebron left.
      I'm not feeling sorry for Gilbert because he's a business man but your comments about him making money off of Lebron is false. Rethink your economics. Lebron was an asset. The perceived value of the team went up. The asset is now gone. The perceived value of the team went down. Gilbert invested based on perceived value when the team was up. The perceived value is now lower than what he paid...

      The real fact is that Lebron made more money the past 7 years off of Cleveland and the Cav's then Gilbert did.
      Comment
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