I would like to know how much an owner needs to buy and run a team.Ironman92;1774274 wrote:How much will I need to buy the Bengals?
Winning Powerball isn't going to be nearly enough to buy a team after taxes, not even a majority share - you need something north of $1B just to buy a team, and probably another $1B to get approved as an owner to have the resources to provide stability for lean years, bonuses, etc..hasbeen;1774278 wrote:I would like to know how much an owner needs to buy and run a team.
Well fuck.gut;1774279 wrote:Winning Powerball isn't going to be nearly enough to buy a team after taxes, not even a majority share - you need something north of $1B just to buy a team, and probably another $1B to get approved as an owner to have the resources to provide stability for lean years, bonuses, etc..
If you want to buy a sports team, maybe NHL...otherwise you're looking at minor league soccer or CFL.
The hell man? I can already afford tickets where I like to siternest_t_bass;1774336 wrote:Why buy the Reds? Lifetime box seat would be much cheaper.
Said $588,000,000 not $450 but this has been coveredHitsRus;1774367 wrote:It won't be enough to buy a team...not even close. While the jackpot is $900 million, if you take the lump sum distribution you'll get about 1/2 of that....$450 million BEFORE taxes, which will reduce it again by half.
yes. basically all lotteries work that way.ernest_t_bass;1774388 wrote: So, as I understand it, the $900kk is ONLY if you select the annuity?
Damnit I lostts1227;1774415 wrote:Final jackpot: $949,800,000
Numbers: 16, 19 , 32, 34, 57 PB 13
It's generally thought you are better off taking the lump sum and investing. Interest rates would have to be pretty high to underperform investing, and the lower the interest rate the more you get upfront.MontyBrunswick;1774504 wrote: there's no "advantage" to choosing one over the other, they're just different forms of getting your money.
Damn....Hadn't even checked my tickets yet. Guess I didn't win!ts1227;1774532 wrote:No winner per Powerball site, $1.3 Billion for Wed.
Now that's tempting to take the payments. Will end-up $50M+ for 30 years. My god, I don't think I could spend that much money.HighRoller74;1774533 wrote:I would expect it to be closer to 1.6 as it comes closer. Federal Govt about to get a nice chunk of change.
You really think you'll win 2 draws in a row? Wow, what a shitty way to spend your winnings. You should find a better place to spend YOUR money.friendfromlowry;1774537 wrote:My wife said we won $4, so two more tickets for next week. Or a shot of shitty liquor.
Spock;1774547 wrote:holy cow........new jackpot estimated at $1300 million
LOL... who gives a shit.HighRoller74;1774533 wrote:I would expect it to be closer to 1.6 as it comes closer. Federal Govt about to get a nice chunk of change.
