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Steve Spurrier reveals that The AAF’s initial investor bailed on the league
Posted: Wed Feb 20, 2019 5:51 pm
by MikeMitchell
XFL fan posted this in another thread and I copied this from Reddit. I think that this is a big story that shouldn’t be buried deep in another thread. It sheds light on the debate over the Dundon story.
“This is from The Orlando Sentinel. Tom Bianchi interviewed Steve Spurrier. The old ball coach reveals that the league’s initial investor bailed on the the league, leading to Tom Dundon stepping up to make the save.
https://www.orlandosentinel.com/sports/ ... story.html
“Spurrier, making his weekly appearance on my Open Mike radio show on FM 96.9 and AM 740, hinted Wednesday that an initial investor backed out and put the league’s working capital in jeopardy. This apparently is what led to league co-founder and CEO Charlie Ebersol to identify Dundon as the league’s financial savior.”
“I think what happened is an original investor sort of led us [Ebersol and the Alliance] into believing he could come up with the money to get us through the first year, and then he sort of bailed out,” Spurrier said. “He didn’t have [the money], and we found Tom Dundon. I think [Dundon] liked the idea so much, he became the majority owner [of the league] and now we’re all set to go for quite a while.
“We really appreciate Tom Dundon for stepping forward. He believes in the Alliance and now the future looks very good.”
Re: Steve Spurrier reveals that The AAF’s initial investor bailed on the league
Posted: Wed Feb 20, 2019 6:05 pm
by XFL_FAN
MikeMitchell wrote: ↑Wed Feb 20, 2019 5:51 pm
XFL fan posted this in another thread and I copied this from Reddit. I think that this is a big story that shouldn’t be buried deep in another thread. It sheds light on the debate over the Dundon story.
“This is from The Orlando Sentinel. Tom Bianchi interviewed Steve Spurrier. The old ball coach reveals that the league’s initial investor bailed on the the league, leading to Tom Dundon stepping up to make the save.
https://www.orlandosentinel.com/sports/ ... story.html
“Spurrier, making his weekly appearance on my Open Mike radio show on FM 96.9 and AM 740, hinted Wednesday that an initial investor backed out and put the league’s working capital in jeopardy. This apparently is what led to league co-founder and CEO Charlie Ebersol to identify Dundon as the league’s financial savior.”
“I think what happened is an original investor sort of led us [Ebersol and the Alliance] into believing he could come up with the money to get us through the first year, and then he sort of bailed out,” Spurrier said. “He didn’t have [the money], and we found Tom Dundon. I think [Dundon] liked the idea so much, he became the majority owner [of the league] and now we’re all set to go for quite a while.
“We really appreciate Tom Dundon for stepping forward. He believes in the Alliance and now the future looks very good.”
Wow, I really didn't read much into this article until now. [sarcasm]
Spurrier must be part of the XFL's plan to undermine the AAF!
Re: Steve Spurrier reveals that The AAF’s initial investor bailed on the league
Posted: Wed Feb 20, 2019 6:28 pm
by MikeMitchell
XFL_FAN wrote: ↑Wed Feb 20, 2019 6:05 pm
MikeMitchell wrote: ↑Wed Feb 20, 2019 5:51 pm
XFL fan posted this in another thread and I copied this from Reddit. I think that this is a big story that shouldn’t be buried deep in another thread. It sheds light on the debate over the Dundon story.
“This is from The Orlando Sentinel. Tom Bianchi interviewed Steve Spurrier. The old ball coach reveals that the league’s initial investor bailed on the the league, leading to Tom Dundon stepping up to make the save.
https://www.orlandosentinel.com/sports/ ... story.html
“Spurrier, making his weekly appearance on my Open Mike radio show on FM 96.9 and AM 740, hinted Wednesday that an initial investor backed out and put the league’s working capital in jeopardy. This apparently is what led to league co-founder and CEO Charlie Ebersol to identify Dundon as the league’s financial savior.”
“I think what happened is an original investor sort of led us [Ebersol and the Alliance] into believing he could come up with the money to get us through the first year, and then he sort of bailed out,” Spurrier said. “He didn’t have [the money], and we found Tom Dundon. I think [Dundon] liked the idea so much, he became the majority owner [of the league] and now we’re all set to go for quite a while.
“We really appreciate Tom Dundon for stepping forward. He believes in the Alliance and now the future looks very good.”
Wow, I really didn't read much into this article until now. [sarcasm]
Spurrier must be part of the XFL's plan to undermine the AAF!
The key part of the story is that Dundon’s money is replacing the money that the AAF thought that they had originally committed from their first investor.
Re: Steve Spurrier reveals that The AAF’s initial investor bailed on the league
Posted: Wed Feb 20, 2019 6:41 pm
by Joker
I wonder who is this investor who "sort of" bailed on the league? Seems vague.
Spurrier points out the fact they WERE having cash flow problems, something the league now refutes.
Ebersol talks about a valuation of the league, and how it had a good value at this point. The only problem I see is these types of valuations are done using truthful facts and figures given to an analyst. If the league is using B.S. stats (as in attendance figures) then the valuation might not stand and the 250M investment might be in jeopardy.
I am rooting for the AAF, but I see there may be more problems brewing.
Re: Steve Spurrier reveals that The AAF’s initial investor bailed on the league
Posted: Wed Feb 20, 2019 7:18 pm
by MikeMitchell
Joker wrote: ↑Wed Feb 20, 2019 6:41 pm
I wonder who is this investor who "sort of" bailed on the league? Seems vague.
Spurrier points out the fact they WERE having cash flow problems, something the league now refutes.
Ebersol talks about a valuation of the league, and how it had a good value at this point. The only problem I see is these types of valuations are done using truthful facts and figures given to an analyst. If the league is using B.S. stats (as in attendance figures) then the valuation might not stand and the 250M investment might be in jeopardy.
I am rooting for the AAF, but I see there may be more problems brewing.
The AAF can’t be happy with that Sentinel article that basically confirms that their main investor bailed and that Dundon swooped in to take on that position. Ebersol and company want to control the narrative.
As for the league’s main investor who bailed. Could that be Peter Theil?
Re: Steve Spurrier reveals that The AAF’s initial investor bailed on the league
Posted: Wed Feb 20, 2019 9:40 pm
by XFL_FAN
MikeMitchell wrote: ↑Wed Feb 20, 2019 6:28 pm
XFL_FAN wrote: ↑Wed Feb 20, 2019 6:05 pm
MikeMitchell wrote: ↑Wed Feb 20, 2019 5:51 pm
XFL fan posted this in another thread and I copied this from Reddit. I think that this is a big story that shouldn’t be buried deep in another thread. It sheds light on the debate over the Dundon story.
“This is from The Orlando Sentinel. Tom Bianchi interviewed Steve Spurrier. The old ball coach reveals that the league’s initial investor bailed on the the league, leading to Tom Dundon stepping up to make the save.
https://www.orlandosentinel.com/sports/ ... story.html
“Spurrier, making his weekly appearance on my Open Mike radio show on FM 96.9 and AM 740, hinted Wednesday that an initial investor backed out and put the league’s working capital in jeopardy. This apparently is what led to league co-founder and CEO Charlie Ebersol to identify Dundon as the league’s financial savior.”
“I think what happened is an original investor sort of led us [Ebersol and the Alliance] into believing he could come up with the money to get us through the first year, and then he sort of bailed out,” Spurrier said. “He didn’t have [the money], and we found Tom Dundon. I think [Dundon] liked the idea so much, he became the majority owner [of the league] and now we’re all set to go for quite a while.
“We really appreciate Tom Dundon for stepping forward. He believes in the Alliance and now the future looks very good.”
Wow, I really didn't read much into this article until now. [sarcasm]
Spurrier must be part of the XFL's plan to undermine the AAF!
The key part of the story is that Dundon’s money is replacing the money that the AAF thought that they had originally committed from their first investor.
So the narrative that they had millions already is false. They were pretty much broke before the investment. I wish the AAF would give an apology to the XFL, but we know that won't happen
Re: Steve Spurrier reveals that The AAF’s initial investor bailed on the league
Posted: Wed Feb 20, 2019 11:12 pm
by MikeMitchell
XFL_FAN wrote: ↑Wed Feb 20, 2019 9:40 pm
MikeMitchell wrote: ↑Wed Feb 20, 2019 6:28 pm
XFL_FAN wrote: ↑Wed Feb 20, 2019 6:05 pm
Wow, I really didn't read much into this article until now. [sarcasm]
Spurrier must be part of the XFL's plan to undermine the AAF!
The key part of the story is that Dundon’s money is replacing the money that the AAF thought that they had originally committed from their first investor.
So the narrative that they had millions already is false. They were pretty much broke before the investment. I wish the AAF would give an apology to the XFL, but we know that won't happen
We live in a narrative driven world, not just in politics. People create their own reality to fit in with their sensitivities and beliefs. Everyone likes to spew company lines rather than be objective and fair.
Coaches like Nueheisel have a tendency to create false narratives to rally the troops. That’s in a coaches DNA. The XFL has nothing to do with the AAF, but here is someone like him, trying the whole us against them mentality. They are out to get us. It’s laughable.
It wouldn’t shock me if Spurrier says his words were out of context, even though he spoke them on a show.
It’s actually good news for them, that someone is funding the league during what is a difficult transition period for them. It sucks to have your main investor bail on you, one week after everyone is throwing bouquets at the AAF.
Re: Steve Spurrier reveals that The AAF’s initial investor bailed on the league
Posted: Thu Feb 21, 2019 7:10 am
by XFL_FAN
It's kind of funny how AAF fans were talking about how much money the league had before the investment, then Spurrier came out with this story, and then they realized that indeed the league was broke for a period of time.
Re: Steve Spurrier reveals that The AAF’s initial investor bailed on the league
Posted: Thu Feb 21, 2019 9:25 am
by Joker
Hardcore AAF fans are kind of funny about this, although it seems like a national sport to shout "fake news" at any report that disturbs you. But, thanks to Spurrier, the story is much clearer now... and the AAF is funded for the time being.
I am waiting for the story about who the previous investor was, and why they pulled out. I think that this is an important tidbit we are not being told, yet.
Re: Steve Spurrier reveals that The AAF’s initial investor bailed on the league
Posted: Thu Feb 21, 2019 9:28 am
by Joker
MikeMitchell wrote: ↑Wed Feb 20, 2019 7:18 pm
As for the league’s main investor who bailed. Could that be Peter Theil?
Are you just guessing, or has this been hinted somewhere?