Where did all the money go?

Discussion in 'NWSL' started by beineke, Apr 22, 2003.

  1. beineke

    beineke New Member

    Sep 13, 2000
    The figures floating around are something like $85,000,000 in WUSA losses from years one and two.

    Of this money, something like $12,800,000 went to player salaries. The league played less than 200 games, so even if it lost an exorbitant $100,000 per game (travel, accommodation, and tv included), that only comes out to $20 million more.

    That leaves over $50 million that I'm at a loss to explain. Any help?
     
  2. Baggio10

    Baggio10 New Member

    Sep 8, 2001
    Don't be fooled by what is in print. the actual figure is much higher. The initial investment by the operators was meant to last a few years. They lost that whole amount by June of season 1!!! So the exact figure is really about 20million more than what we all read for year 1. Last years numbers I don't know...
     
  3. FearM9

    FearM9 New Member

    Jul 14, 2000
    On my bike
    Perhaps some things to consider if you haven't already...

    TV production costs of the TNT, CNNSI, PAX, ESPN2, RSN games.

    Front office costs for the league and teams...keep in mind that in Year 1 they were located in NYC where I am guessing it was hella expensive..thus the move to share office space in the ATL.

    Television time buys both national and local.

    Stadium rentals.

    Nickerson, Villanova, Herndon revamping.

    Advertising costs.
     
  4. Bora Fan

    Bora Fan Member

    Dec 14, 1998
    Club:
    New York Red Bulls
    Nat'l Team:
    United States
    Don't forget executive compensation packages for everyone - the dude who was let go initially - the person who replaced him and so on.

    You pay the salary then the bonus and then the severance - so these costs can get quite expensive.

    WUSA has to pay for insurance - travel - the works.

    It gets expensive - aside from the money that has to be poured into advertising and PR.
     
  5. Mike Lane

    Mike Lane New Member

    Jan 3, 2001
    Atlanta
    Coaches salaries, trainers, gym fees, renting practice venues. Oh and I don't think the league put any money into Herndon... that was done for the Olympics.
     
  6. Poachin_Goalz

    Poachin_Goalz Member

    Jun 17, 2002
    Athens, GA.
    $85,000,000! That's not good. I have been hearing that this is a make-or-brake year for the league. I noticed that they cut back alot on the freebies and marketing in year #2 from year #1.
     
  7. FearM9

    FearM9 New Member

    Jul 14, 2000
    On my bike
    The old age is getting to you Dr. Lane :D. Prior to the Beat taking up residence at Herndon in 2002 the field was converted from fake stuff to grass.

    Oh yeah...I think Torero had some reconstruction prior to the 2001 season as well.
     
  8. Kaiser

    Kaiser New Member

    Nov 12, 2000
    dark side of the moo
    That's what they get for not cooperating with MLS.
     
  9. Mike Lane

    Mike Lane New Member

    Jan 3, 2001
    Atlanta

    My bad!
     
  10. flix

    flix New Member

    May 22, 2001
    best kept secret
    Not too mention they put in new sod in at Bobby Dodd (inaugeral season home field), and resurfaced their practice facility at Georgia Tech - no thanks from George O'Leary.
     
  11. beineke

    beineke New Member

    Sep 13, 2000
    Another way to look at this is by comparing WUSA teams to women's college teams.

    The college teams have bigger squads, take long road trips (some have tours of Europe), and if you count the spring season, play more competitive games than WUSA teams.

    The San Jose CyberRays play and train in college facilities. Their salary budget is maybe double what a school like Stanford would pay for scholarships and staff. The 'Rays also travel about twice as much and attract about five times as many fans.

    I could see their costs being double or triple, but it appears that they're multiplied by a factor of ten.

    Somebody pointed to TV ... I wonder if there's some shady accounting going on. When WUSA buys TV time, is it essentially buying from its owners?
     
  12. Tom T

    Tom T New Member

    Feb 25, 2003
    Soccer Wasteland
    Shady accounting????? nah...
     
  13. kenntomasch

    kenntomasch Member+

    Sep 2, 1999
    Out West
    Club:
    FC Tampa Bay Rowdies
    Nat'l Team:
    United States
    Don't forget payroll taxes and workman's comp. Those will kill you.
     
  14. AndyMead

    AndyMead Homo Sapien

    Nov 2, 1999
    Seat 12A
    Club:
    Sporting Kansas City
    And don't forget the free meals they serve to the press. Have you seen how big some of these guys are?
     
  15. kenntomasch

    kenntomasch Member+

    Sep 2, 1999
    Out West
    Club:
    FC Tampa Bay Rowdies
    Nat'l Team:
    United States
    I have, actually. :)
     
  16. TOTC

    TOTC Member

    Feb 20, 2001
    Laurel, MD, USA
    The freebies ... cutting back on tossing those got-damn T-shirts into the stands in the middle of games? No more inflatable penises?

    Great. Now we can watch the soccer. Damn.
     
  17. IASocFan

    IASocFan Moderator
    Staff Member

    Aug 13, 2000
    IOWA
    Club:
    Sporting Kansas City
    Nat'l Team:
    United States
    I think they just found it in Iraq! Maybe they'll give it back. ;)
     
  18. yellercard2

    yellercard2 New Member

    Apr 18, 2003
    After earning a Bachelor's Degree in marketing from the University of Georgia where she was a member of the Lady Bulldogs Tennis Team, ______ began her career as a market research analyst with Southeastern Marketing in Stewart, Florida in 1986. A year later she became marketing director of International Sportsman, a hunting and fishing promotions and events firm based in West Palm Beach. From 1988-89 _____ served as the marketing director of the United States Croquet Association, where she managed and promoted all aspects of the national governing body.

    Guess whose bio this is? And you ask where the money went? Any other questions?!
     
  19. kenntomasch

    kenntomasch Member+

    Sep 2, 1999
    Out West
    Club:
    FC Tampa Bay Rowdies
    Nat'l Team:
    United States
    Well, it's Stuart, Florida, first off. So I'm not so concerned about where the money went as where the ew came from.
     
  20. Thomas Flannigan

    Feb 26, 2001
    Chicago
    Very interesting. Did this unnamed and unknown person make bad decisions on how to spend the cash? I have no idea who it is or how the money was spent.
     
  21. kenntomasch

    kenntomasch Member+

    Sep 2, 1999
    Out West
    Club:
    FC Tampa Bay Rowdies
    Nat'l Team:
    United States
    [​IMG]

    "Is the answer Jesus?"
     
  22. yellercard2

    yellercard2 New Member

    Apr 18, 2003
  23. Druid Squirrel

    Dec 15, 2000
    A hollow tree
    According to Yahoo maps, there is a city called Stuart, Florida, but no such city as Stewart, Florida.
     
  24. XYZ

    XYZ New Member

    Apr 16, 2000
    Big Cat Country
    Sorry to say, but...

    I wouldn't go by a spelling on the WUSA website. ;)
     
  25. yellercard2

    yellercard2 New Member

    Apr 18, 2003
    Ain't that the truth! If those in the league office are not even capable of using spellcheck, how can one think that they are capable of running a successful league? Your confidence, or lack thereof, is a perfect example of how people begin buying into the gloom and doom!

    Thanks for the time!
     

Share This Page