Photo, above: San Francisco 49ers stadium. OUCH!

I wonder what it is like to own an asset that was worth $1 billion a few months ago that is now worth $200 million, and you owe $400 million on it, and you probably can’t sell it because operating expenses are $100 million while revenue is $50 million?

I don’t know and I never want to find out! One thing is certain, it can’t be a comfortable feeling.

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Such is the situation the NFL team owners have put themselves in by catering to the┬ámillionaire crybabies they have made rich beyond their wildest dreams, and who don’t care that the owner is losing his or her ass. You contracted them for X million dollars, and they expect to get it. They don’t care if they play in front of no one, just so long as the owner keeps writing those checks.

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Take a look at stadiums across the league Sunday (11/5). What a terrible lesson the owners are learning. Is it too late to salvage their cash cow? (take our poll at the bottom of the article)

Houston

San Francisco – Wow! Many, many more empty seats than full seats

New York Giants

Jacksonville – not a very clear shot, but I think you can see as many or more empty seats as full seats

Are you boycotting the NFL? in Thomas Madison’s Hangs on LockerDome