Bitcoin, Cryptocurrency, and the Future of Global Finance

#1,432
#1,432
n_huffhines said:
?
Click to expand...

There is no clear quantifiable way to justify the investment as you surmised. If you look at the market capitalization of companies that announce these deals at the time of the deal (for those that are public of course), it often drops.

They paid $700 million US ($35M/yr) - what's the ROI for that to justify it to the stakeholders? Do you believe that the naming of a stadium in LA will result in $150-200 million increased revenues to justify it? I don't and most studies don't either.
 
#1,433
#1,433
95 Vol Alum said:
There is no clear quantifiable way to justify the investment as you surmised. If you look at the market capitalization of companies that announce these deals at the time of the deal (for those that are public of course), it often drops.

They paid $700 million US ($35M/yr) - what's the ROI for that to justify it to the stakeholders? Do you believe that the naming of a stadium in LA will result in $150-200 million increased revenues to justify it? I don't and most studies don't either.
Click to expand...

I have no opinion on whether it's worth it or not, except the idea that if we actually knew it wasn't worth it then companies would stop doing it.
 
#1,434
#1,434
n_huffhines said:
I have no opinion on whether it's worth it or not, except the idea that if we actually knew it wasn't worth it then companies would stop doing it.
Click to expand...

It is executive opulence not good business investment, and the list of former companies who secured naming rights only to file bankruptcy not long after is greater than you might believe. Much like it is bad "business" for cities/states to give financial welfare to sports teams via stadium deals - an opinion (fact) I believe you share with me.
 
#1,436
#1,436
95 Vol Alum said:
It is executive opulence not good business investment, and the list of former companies who secured naming rights only to file bankruptcy not long after is greater than you might believe. Much like it is bad "business" for cities/states to give financial welfare to sports teams via stadium deals - an opinion (fact) I believe you share with me.
Click to expand...

OK, but this is like saying nobody should go for it on 4th down because some teams have lost going for it on 4th down.

The reason I think bad stadium deals keep happening with cities is that the incentive system is perverse. The decision-makers at crypto.com are going to feel it if this sinks the ship. If the city finances here in Phoenix suffer because we did a bad stadium deal, the people who made the decision probably won't feel it much.

I believe that 35 or so American city governments make the same bad and huge decision over and over again because of its political viability. There are over 300 stadiums with naming rights in the US. So how many big, successful companies are bidding on those 300 venues? 1000? More? Are they all stupid? Doubt it.

This crypto.com deal is so big and has a very good chance of being a bad deal. Stadium deals are always huge. Naming rights deals are not.
 
Last edited:
#1,439
#1,439
Ladies and Gentlemen the Former Senior Deputy Comptroller and Chief Operating Officer of the Office of the Comptroller of the Currency speaking to the US House Financial Services Committee








Speaking on Decentralization

 
#1,440
#1,440
What a coincidence that this comes out after the meetings last week with the US House Financial Services Committee
 
#1,441
#1,441
Glory Days are on the horizon!!!!

Early adopters will be able to start using the service from August 2022 on an opt-in only basis. All banks will be automatically enrolled in the service in November 2022 to coincide with the mandatory start of cross-border migration and the go-live of ISO 20022 for high-value payments in the Eurozone.
Click to expand...
 
#1,443
#1,443
Meanwhile I'd like to know how much money she actually receives from banks while trying to portray herself as "supporting the little people"
 
New posts
You must log in or register to reply here.

VN Store



Back
Top