Originally posted on The Victory Formation  |  Last updated 3/7/13

According to a leaked document obtained by Deadspin, the Carolina Panthers have a mess on their hands. While it isn’t shocking to learn that an NFL team is making money, it isn’t helpful to have the exact dollar amounts out their publicly when that team is trying to land tax dollar money in order to upgrade their stadium. The Panthers, based upon this information in the audited financial statement, were bringing in $112 million in profit over a two-year period. While the city of Charlotte has already agreed to help front some of the money in order to pay for the upgrades of the 17-year-old Bank of America Stadium, the state of North Carolina has yet to agree to anything. Trying to get state money for any sports related project anywhere is like trying to get blood from a stone. This bit of information is going to be somewhat damaging for the Panthers case, as they aren’t exactly struggling to pay for their expenses. Deadspin even had a professor at the University of Oregon to look over the documentation and here was his assessment: “These franchises are a license to print money,” says Dennis Howard, a business professor at the [...]

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