to non-other than Forbes.com, the New England Patriots are worth $2.6 billion
and are owned by Robert Kraft whose personal wealth is conservatively measured
at $4.1 billion. The Patriots franchise ranks # 2 in value among NFL teams
behind only the Dallas Cowboys with annual revenue of nearly $500 million.
Robert Kraft bought the franchise in 1994 for $172 million. All this data was
compiled by Forbes in August of 2014 - before their latest Super Bowl victory
which has only increased their worth and his.
a result of the “DeflateGate” controversy and the NFL’s decision to punish the
Patriots and Tom Brady personally, tempers have flared on many sides of the
controversy. The NFL has suspended Tom Brady without pay for the first four
games of next season, fined the Patriots a record $1 million and stripped
them of their first-round draft pick in 2016 and fourth round pick in 2017.
has transpired as a result of this controversy and resultant punishment leveed
by the NFL front office speaks to a theme that is both pure sports and pure
economics. Ardent Patriot fans have wasted no time in setting up a website on
GoFundMe titled: “Paying the bill for the Patriots.” New England fans are
rallying around Tom Brady and their team in an effort to raise $1 million
dollars so the franchise won’t have to come up with the cash. Over 500 fans
have committed to donating nearly $8,000 in total thus far. I am not kidding.
York Jets fans have taken on this cause from a slightly different angle. The
Jets have been on the losing end of this relationship for years. There is no
blood lost by Jets fans at any misfortune that befalls their archrival
Patriots. Seemingly overnight, 10 billboards in high traffic areas in the New
York City metro-area have been plastered with messages meant to taunt Patriot
fans and cast dispersions at Tom Brady’s character. I am not making this up.
consumers have this kind of disposable income to waste, how far away can we be
from a full and complete recovery in every sense of the economic word.
Additionally, how far away can we be from interest rate normalization?
By the way, I have no stake in this scuffle. I am a New York Giants fan and season ticket holder my entire life. My family made certain of that. My grandfather and godfather, C.J. Devine, was a very close friend of Tim Mara when be founded the New York Giants in 1925.
Jets cornerback Darrelle Revis marks his return to New York on this week’s Sports Illustrated cover, recreating an iconic image of Hall of Fame quarterback Joe Namath that appeared on the cover 50 years ago. This week’s cover was shot in Times Square, the site of Broadway Joe’s “Football Goes Show Biz” cover in July 1965. (James Drake and Gregory Heisler for SI)
COLOR RUSH – This week’s Thursday Night Football game has the Buffalo Bills @ the New York Jets and features new unis by Nike. The Jets will be in all green, while the Bills will sport all red. Many will see this as a fashion nightmare, but I think it’s kinda cool?
July 18, 1971: “For the Jets, happiness was having their quarterback in training camp on opening day today for the first time in three years,” The Times reported on the occasion of Joe Namath’s return from a wrist injury, where he talked in the locker room with Weeb Ewbank, the coach. Namath was all enthusiasm that season, as opposed to the previous one: “This year I want to play; last year I didn’t.” But a preseason injury delayed his season debut until the third quarter of a game in Week 11, which the Jets lost to the San Francisco 49ers. Photo: Barton Silverman/The New York Times