Originally posted by blizzuntz:
Whether the money is in Jed's personal account or the niners is irrelevant.
It is one in the same. I have my own LLC and most of my money in the LLC account to protect my self in case someone tries to take me to court. I can pay myself as sum x per month from the LLC which is sum Y. I'm still worth x+ y
The niners have investments just like all the other teams in the NFL. Rich people don't let money sit around not making money.
And rich people also don't act like $3 million is nothing like you say.
I understand they don't let it sit around...I just don't think he has $100 million cash sitting in a savings account collecting interest either. I think a lot of his money is flowing in and out of that door, yes some of that is his and (will be put away) and their will be profit end of the yr. I think dealing with the cap is different then how other business deal with expenses...the fact that they met their 89% rule shows he's spent money.
I know rich people don't act like $3 million is nothing but rich people aren't stupid either...investing that money in talent can help the team win which creates more money...more than $3 million. Rich people don't like be failures and laughing stocks either.
And like I said Jed isn't controlling the 53 man roster baalke and Paraag are so be pissed at them for not "spending money".