Reply to Wizards and Caps could be moving to Potomac Yard

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Sell the teams, Ted

[twitter]https://twitter.com/tomsherwood/status/1771204114120085833[/twitter][/quote]

I imagine it wouldn't be too hard to find a lawyer with an opposite opinion. The courts will decide.[/quote]

Agree.  But the more subtle point is what are the relevant strengths of the legal arguments.  Given that each side is taking publicly the opposite position, I assume reasonable arguments exist on both sides.  If the contracts are clear cut in favor of DC, then one wonders why Ted even tried going down this path.  Perhaps, as with his failures in Richmond, Ted failed to do his due diligence.  If DC has a strong argument, Ted will end up being a complete loser, by pissing off the fans without actually moving.[/quote]

Again, if DC has a strong argument, why has Bowser attempted to placate Leonsis with $500 million? Tell Leonsis to return to Capital One and watch his teams play if the contract is ironclad. [/quote]

The actual letter makes the interesting point about these deals.  Govt borrows money to build an arena, and the bonds issued by govt are backed by sales tax revenue until the bonds are paid off.  A key rationale here for the govt is the sales tax revenue that will be generated after the bonds are paid off.  Here, Ted wants to flee town before DC gets the long-term benefit of the sales tax revenue.  In essence, Ted got free money, and DC got no long-term benefit, at least from sales tax revenue.
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