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Thread: Simple Truth

  1. #41
    Quote Originally Posted by SONNY WERBLIN View Post
    Can you believe the nerve of that bastard billionaire... Funding charities... he's despicable.

    And wow, he took advice from his lawyers on a tax shelter, then when challenged by the IRS, he paid his taxes!!! OMG! The man's depths know no limits.
    Write-offs and failure at his only business venture prior to the Jets.

    Dallas stadium cost 1.2 Billion in the middle of no where. Where they could get non union labor.
    1.2 billion with overlooks to stand at and have a beer, the largest high def video screen probably in existence, and a cover over the fans.

  2. #42
    Quote Originally Posted by PMarsico9 View Post
    Write-offs and failure at his only business venture prior to the Jets.



    1.2 billion with overlooks to stand at and have a beer, the largest high def video screen probably in existence, and a cover over the fans.
    Paying taxes on a an unsuccessful tax shelter has zero to do with the overall success of the Johnson Company, Inc. It is a private investment firm. You do know what that is, right? Perhaps you can prove it by explaining it? The Company still exists, but Johnson spends most of his time being a philanthropist. Is that a bad thing?

    And get over the stadium cost. It merely serves to highlight your lack of understanding of the economy. Bottom line, it costs a heck of a lot more to build something in NY than it does in Texas.

  3. #43
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    To the OP... Just STOP now.

    http://www.youtube.com/watch?v=p7w64fbqYQY

  4. #44
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    Quote Originally Posted by PMarsico9 View Post
    Woody Johnson is a bad owner. This team will not win a Super Bowl until he sells it or is too senile to run it and the inmates start running the asylum.

    That's all there is to it.

    Proof?

    Well how about this:

    He spent 1.8 Billion dollars on a stadium that doesn't have a retractable roof and essentially no features of note.

    I could say more but I won't.

    Woody Johnson will never lead this franchise beyond what we have seen unless he completely removes himself from the equation.
    Actually, he paid half of the $1.8B. Yhe other half was paid by the Giants, who have already won a Super Bowl since playing in it and they did not have a retractable roof either. Hmmmmm

  5. #45
    Quote Originally Posted by SONNY WERBLIN View Post
    Paying taxes on a an unsuccessful tax shelter has zero to do with the overall success of the Johnson Company, Inc. It is a private investment firm. You do know what that is, right? Perhaps you can prove it by explaining it? The Company still exists, but Johnson spends most of his time being a philanthropist. Is that a bad thing?

    And get over the stadium cost. It merely serves to highlight your lack of understanding of the economy. Bottom line, it costs a heck of a lot more to build something in NY than it does in Texas.
    It would view it as a bad thing that Woody Johnson got convicted of essentially manipulating the tax code and then blamed his lawyers. It means he's clueless. He was running a company without qualification aside from being rich.

    It's also stupid that Unions have that much sway. It's why our cars' suck here aside from pickup trucks.

    I'm well acquainted with Milton Friedman, thanks very much for your condescending crap. I'm simply stating that it's ridiculous that MetLife cost 1.6 billion bucks and is essentially a nothing stadium.

    Go pander your pro-Woody crap someplace else, Sonny. He's a terrible owner. It's influenced franchise-shaping changes with the most recent being a talented personnel guy, Joey Clinkscales, leaving because he essentially said that Woody blindly listens to Rex even regarding personnel.

  6. #46
    Quote Originally Posted by JetinHuntersville View Post
    Actually, he paid half of the $1.8B. Yhe other half was paid by the Giants, who have already won a Super Bowl since playing in it and they did not have a retractable roof either. Hmmmmm
    A retractable roof isn't to benefit the team, it's to make the place more enjoyable for the fans.

  7. #47
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    Quote Originally Posted by PMarsico9 View Post
    You want more?

    "Johnson is the Chairman and Chief Executive of the Johnson Company, Inc., a private investment firm founded in 1978. In August 2006, Johnson was asked to testify before a Senate panel about his participation in a sham tax shelter. A Senate report said that Johnson, along with a few others, were able to buy, for relatively small fees, roughly $2 billion in capital losses that they used to erase taxable gains they garnered from stock sales. The U.S. Treasury lost an estimated $300 million in revenue as a result. In a statement, Johnson said he had been advised by his lawyers in 2000 that the transaction "was consistent with the Tax Code." But after the Internal Revenue Service challenged that view in 2003, Johnson this year "settled with the IRS and agreed to pay 100 percent of the tax due plus interest.""

    Basically, aside from what he's inherited, Woody Johnson is a failure.

    So far, aside from Mangini (who largely assembled the 2009 and 2010 Jets), this is looking similar.

    Want more?

    And yeah, it's a joke, 1.8 billion, and no roof. Dallas spent a little more than half for a roofed stadium with a 50 yard HD Video screen and a higher capacity with actual character.
    The guy is a billionaire. Yet he is a failure? What do you do for a living Mr. Success?

  8. #48
    Quote Originally Posted by PMarsico9 View Post
    A retractable roof isn't to benefit the team, it's to make the place more enjoyable for the fans.
    Plus, you are now able to attract other non-football events in the cold weather such as concerts, trade shows, etc.

  9. #49
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    Quote Originally Posted by PMarsico9 View Post
    Woody hired Rex. Rex lost those games. Rex killed Thomas Jones by drafting Sanchez with Tannenbaum. He killed LT by sticking with Sanchez.

    This team lost those games because Rex was hired.

    My point is that it's stupid to think that it won't be 5-7 years before this team is even decent again.

    That's the ****ing point. And the owner is too stupid to realize that which then trickles down via mandates to the GM who doesn't build a team properly:

    Which can include tanking years to INSURE you get a top-flight QB to actually build a team around.

    The last #1 overall pick to bust was Bradford, who was a forced #1 pick. A year later and he's not the #1 pick. Understanding the difference by somebody actually invested in learning (Woody isn't) leads to a cycle of Band-Aids, bad contracts, and continual mediocrity, breeding a fan base that views conference championship game appearances as acceptable.
    Wow! How about a point Mr. Tangent?

  10. #50
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    Quote Originally Posted by Borgoguy View Post
    Until PM's post, I never heard about Woody's tax "incident". I'm sitting here in shock. How did we not know this?
    I posted it a few days ago in the monster press conference thread, (and got accused of being a democrat) easy to get lost in there - but truly shocking that this has not come up before. Somebody here months or longer ago mentioned something about a tax problem and I went hunting for it.

  11. #51
    Quote Originally Posted by JetinHuntersville View Post
    The guy is a billionaire. Yet he is a failure? What do you do for a living Mr. Success?
    He's a born heir of one of the largest pharmaceutical companies in the world.

    He did nothing to earn that.

  12. #52
    Quote Originally Posted by JetinHuntersville View Post
    Wow! How about a point Mr. Tangent?
    Woody Johnson is a terrible owner. This team will suck until he hands full control over to somebody who has a clue, he is too senile to run it, or he sells it.

    That was always the point.

  13. #53
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    Quote Originally Posted by SONNY WERBLIN View Post
    Can you believe the nerve of that bastard billionaire... Funding charities... he's despicable.

    And wow, he took advice from his lawyers on a tax shelter, then when challenged by the IRS, he paid his taxes!!! OMG! The man's depths know no limits.
    The point is certain posters point to 'The Johnson Company' his personal eponymous investment company (tax shelter coff coff) as evidence of 'owning and successfully running a business'.

    He has literally accomplished nothing in his life except inheriting money, giving away some of it, spending it, and getting in trouble with the law by trying to shield it from the IRS.

    For a billionaire, his Wiki page is bare bones. He has accomplished very little.
    Last edited by Vinny Testaverde's Niece; 01-10-2013 at 03:58 PM.

  14. #54
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    Quote Originally Posted by PMarsico9 View Post
    Read his wikipedia page.

    That's literally all they have on him, too. He's done nothing except fund some charities, buy the Jets, and fail at the aforementioned business by committing fraud.
    Yeah, what a failure!

  15. #55
    Quote Originally Posted by Vinny Testaverde's Niece View Post
    I posted it a few days ago in the monster press conference thread, (and got accused of being a democrat) easy to get lost in there - but truly shocking that this has not come up before. Somebody here months or longer ago mentioned something about a tax problem and I went hunting for it.
    Sorry, didn't see your post, VTN. Other than to deride and/or obfuscate, why bring up political affiliation? Tax cheats reside on both sides of the aisle.

    Nice work hunting down Woody's tax issue. It's insane that most of us had no idea.

  16. #56
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    Quote Originally Posted by PMarsico9 View Post
    A retractable roof isn't to benefit the team, it's to make the place more enjoyable for the fans.
    Fine, then double your PSL's and enjoy it.

    Or go to Dallas. Just please stop with this nmonsense.

  17. #57
    Quote Originally Posted by JetinHuntersville View Post
    Yeah, what a failure!
    Even with a 2% interest rate on a savings account:

    He's earning 20,000,000 a year per billion bucks in his account.

    L2 Write-off.

    I wouldn't be surprised if he honestly wanted this football team to lose money. It would provide a very sizable write-off...

    hmmmmmmmmm..............

  18. #58
    Quote Originally Posted by JetinHuntersville View Post
    Fine, then double your PSL's and enjoy it.

    Or go to Dallas. Just please stop with this nmonsense.
    The only nonsense is being spewed by pedantic fools who think Woody is any better than terrible as an owner.

    He's bottom 6. Next to Jerry Jones, Paul Brown, Ralph Wilson, the Davis Family, and the tie between Snyder and Stephen Ross.

  19. #59
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    Quote Originally Posted by PMarsico9 View Post
    He's a born heir of one of the largest pharmaceutical companies in the world.

    He did nothing to earn that.
    So he is a failure because he funds charities, was audited by the IRS and doesn't have a retractable roof on the stadium that he half built. Got it.

  20. #60
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    Quote Originally Posted by PMarsico9 View Post
    Woody Johnson is a terrible owner. This team will suck until he hands full control over to somebody who has a clue, he is too senile to run it, or he sells it.

    That was always the point.
    Thanks. Couldn;t tell with the other 1000 things you mentioned while getting there.

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