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Not a finance major, is he?

June 07, 2023 12:47PM
Quote
AlbaNY_Ram
Kenneth Arthur, the author of the article, apparently didn't take a close look at the chart. It does indeed show the Rams in 10th place at $318M. But the chart says it represents 3-year operating income. That does not correlate with this statement (from the article): "The Rams were valued at $318 million."

Sorry, Kenneth, but income and value aren't the same thing.

I'm pretty sure that the chart says the Rams made $318M over the last 3 years.

But the team itself is actually worth $6.2 billion. [www.forbes.com]

He also says
Quote
Kenneth Arthur
At $318,000,000, the Rams must owe part of their value to hosting games in Los Angeles at one of the most high-tech, state-of-the-art venues in the world. Winning a Super Bowl didn’t hurt, but as the Knicks and Giants can attest to, “location, location, location” matters more.

If he replaced "value" with income the sentence would be fine
SubjectAuthorViewsPosted

  L.A. Rams still one of the 10 most-profitable sports teams in the world

BerendsenRam164June 07, 2023 10:32AM

  Re: L.A. Rams still one of the 10 most-profitable sports teams in the world

Rampage2K-56June 07, 2023 12:03PM

  Re: Kenneth Arthur doesn't understand the chart.

AlbaNY_Ram94June 07, 2023 12:36PM

  Not a finance major, is he?

JimYoungblood5351June 07, 2023 12:47PM