the county isn't giving money to ross to make stadium upgrades. a stadium isn't useful in revenue if it is closed most of the year. these off season events when the stadium isn't in use provides ross extra revenue streams to put more back into the stadium. he paid half a billion for the last upgrades to HRS. **** need to do more upgrades in a few years. this all helps.
also, miami doesn't pay rent to ross for using the stadium nor do they pay for any upgrades. they do split game revenue but ross doesn't get a dime from the tv profits (where the money really comes from for both college and NFL). on top of that, the canes don't have to contribute to the 500 million he last spent in upgrades
I don’t care about Ross & Dolphin stadium, I care about the U & our revenue.
Did u just say Miami doesn’t pay rent to Ross? Lol. Literally on the very last page of the financial report, it says we’re on a short term lease until Dec. 31, 2032. The reason it’s considered ‘short term’ is b/c of our limited use. It says our “remaining balance is $12.5m” as of May 31, 2021. So by calculation, that’s about $1.13m we pay to Ross, annually. Lmao.
And u’re saying we’re splitting game revenue w/ him??! WTF?!
So let’s get this str8:
-We play in a football stadium designed for the owner’s team
-We pay $1m+ annually to play in said stadium
-We split our revenue w/ this owner of said stadium
-Tailgating options have been limited at said stadium
-A race track is there, bringing in revenue for the owner of said stadium
-Naming rights revenue from Hard Rock went to said owner ($250m, btw)
-All events held at the stadium goes into the pockets of the owner of said stadium
Yet, somehow, I’m trying to see the benefit, again, for the University of Miami; not Stephen Ross & The Miami Dolphins. The only benefit I see from this whole got **** thread is fans who r complaining about traffic, & how convenient it is for them.
There’s a specific reason y our AD said it’s best we have our own.
.
