Bill's proprietor seen aboard expensive $100 million yacht, following New Yorkers' financial contributions towards his stadium.
In the coastal town of Newport, Rhode Island, Buffalo Bills owner Terry Pegula was recently spotted enjoying a leisurely cruise on his $100 million yacht, the "Top Five II". This sighting has sparked a wave of frustration among Bills fans and taxpayers, who are questioning the fairness of the stadium deal that saw Highmark Stadium receive a combined $800 million from the state and local Erie County.
The Bills' Highmark Stadium is not self-financed. Unlike the common misconception, owners of sports teams, such as Pegula, do not have to arrange for their own private financing for stadiums. Instead, they often rely on public funding, a practice that has been a point of contention for many.
One Bills fan expressed their frustration on Reddit, stating that the stadium deal is "robbery" and that Pegulas pay nothing while taxpayers go broke. Another fan was equally furious, commenting that Pegula was relaxing in Newport while they pay for a significant portion of the stadium.
The NFL openly despises most fans' political views, a fact that has not gone unnoticed by the public. The league's continued use of public funding for stadiums, as seen in the case of the Bills, has been labelled as a "ridiculous scam" by some.
The benefits that spending $850 million on the stadium could have provided, such as improved infrastructure, education, and social services, will not be achieved. Instead, the funds are being diverted towards the luxury of the team owner.
While Pegula's net worth is nearly $8 billion, he is not planning to pay for his own stadium. This has led to accusations of robbery and a lack of shared responsibility. Fans pay for personal seat licenses, exorbitant ticket, parking, and concession prices, and poorly made merchandise for the Buffalo Bills, yet they do not receive a share of the profits.
Other NFL owners who have largely financed their stadium costs through taxpayer funding include Arthur Blank (Atlanta Falcons), Stan Kroenke (Los Angeles Rams), and Jerry Jones (Dallas Cowboys). This trend has led to a growing sentiment that the NFL is exploiting the public for their own gain.
As the debate over the fairness of stadium funding continues, it is clear that the public is demanding a more equitable distribution of the costs and benefits associated with professional sports teams.
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