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I see a graphic like this and I think back to 1995 when Malcolm Glazer purchased the Tampa Bay Buccaneers for $192 million dollars and people thought he was absolutely insane. Using these "average" numbers, his investment would have doubled in value by the year 2000. The city of Tampa looks pretty good as well, building a state of the art stadium for a "mere" $200 million dollars.
from wikipedia.com
from wikipedia.com
In 1995, Glazer purchased the Tampa Bay Buccaneers, a National Football League franchise, for a then-record $192 million following the death of former owner Hugh Culverhouse. The front office staff of the team includes sons Bryan Glazer, Edward Glazer and Joel Glazer.
Immediately upon purchasing the Bucs in 1995, Glazer declared the team's home field, Tampa Stadium, inadequate and began lobbying local government for a replacement.[7] Glazer entertained relocation offers from other cities, but kept the Bucs in place after the local government agreed to build the franchise the $200 million state-of-the-art Raymond James Stadium, construction of which was funded by a local sales tax increase. Due in large measure to a very favorable lease agreement in which the team collects most of the revenue from the stadium while the local government must pay almost all of the expenses, the franchise was valued at $963 million by Forbes magazine in 2007.[8]
"How much would one of them there "state of the art:" facilities cost you today, Goober?"
"Shucks, I don't know, maybe a billion or so of them there Bernanke Bucks?"
We're measuring things with a B for billion that used to be measured with an M for millions.
Those were the good old days.
And there is no inflation.
Trust me, I'm from the government and I'm here to help.
Would I lie to you?
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