well i was bored, so i will go more in-depth on the PTT money game (I'm not an accountant and don't hate PTT, I just like add drama).
Anywho we all know they took out a loan and have $1,002,175.40 cash on hand with plenty of tickets and 6 home games to make cash. Plus, making it to the playoff's they will get atleast 100K to a possible 400K if they win (not counting home ticket sales). But to make it to the playoff, they have to make 2 loan payments and pay 21 days of salary.
Loan payment - $440,345.5 x 2 = $880,691
Daily salary - $77,475 x 21 = $1,626,975
Total loss = $2,507,666 for the season (before payoffs)
Now that puts $1,505490.60 needed to be covered by regular season ticket sales and concession sales. Now for the playoff's (not counting tickets or concession) the amount changes with 1 more loan payment and salary.
Round 1 - ($100,000) - ($619,800) - ($440,345.50) = -$960,145.50
Total season loss = $2,465,636.10
Round 2 - ($200,000) - ($619,800) - ($440,345.50) = -$860,145.50
Total season loss = $2,365,636.10
Round 3 - ($300,000) - ($619,800) - ($440,345.50) = -$760,145.50
Total season loss = $2,265,636.10
Round 4 - ($400,000) - ($619,800) - ($440,345.50) = -$660,145.50
Total season loss = $2,165,636.10
So to end it, PTT needs to make atleast another $2,465,636.10 just to be safe for this season. I can't wait for next season to show the effects of low money and a loan will take on this team (if any at all).
Edit : It seems when i added the roster for daily salary it changed from 77,475 a day to 77,150 a day... but i kept the older one since i didn't want to redo all the math. Things i do when i'm bored
Anywho we all know they took out a loan and have $1,002,175.40 cash on hand with plenty of tickets and 6 home games to make cash. Plus, making it to the playoff's they will get atleast 100K to a possible 400K if they win (not counting home ticket sales). But to make it to the playoff, they have to make 2 loan payments and pay 21 days of salary.
Loan payment - $440,345.5 x 2 = $880,691
Daily salary - $77,475 x 21 = $1,626,975
Total loss = $2,507,666 for the season (before payoffs)
Now that puts $1,505490.60 needed to be covered by regular season ticket sales and concession sales. Now for the playoff's (not counting tickets or concession) the amount changes with 1 more loan payment and salary.
Round 1 - ($100,000) - ($619,800) - ($440,345.50) = -$960,145.50
Total season loss = $2,465,636.10
Round 2 - ($200,000) - ($619,800) - ($440,345.50) = -$860,145.50
Total season loss = $2,365,636.10
Round 3 - ($300,000) - ($619,800) - ($440,345.50) = -$760,145.50
Total season loss = $2,265,636.10
Round 4 - ($400,000) - ($619,800) - ($440,345.50) = -$660,145.50
Total season loss = $2,165,636.10
So to end it, PTT needs to make atleast another $2,465,636.10 just to be safe for this season. I can't wait for next season to show the effects of low money and a loan will take on this team (if any at all).
Edit : It seems when i added the roster for daily salary it changed from 77,475 a day to 77,150 a day... but i kept the older one since i didn't want to redo all the math. Things i do when i'm bored
Last edited Aug 11, 2008 15:44:17






























