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07:53 AM ET 03.08 | Sports franchise owners aren't in the habit of losing money, and it seems business has been very good for at least one of them. [A report by Deadspin Thursday] afternoon details that the Carolina Panthers and Jerry Richardson, a hard-line owner during the lockout process, made $112 million profit over 2010 and 2011. ... The Panthers are working to secure public funding for refurbishing of Bank of America Stadium from the state of North Carolina. ... The problem is North Carolina, like pretty much every other state, is in a financial crunch and it's difficult for lawmakers to hand money over to sports franchise owners. That is why the timing of this matter is only going to harm Richardson and laterally it could do damage to the Miami Dolphins, who are also seeking public aid for stadium assistance.

Jerry Richardson, Getty Images

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March 8, 2013 08:06 AM ET

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One reason these guys are so rich is that they don't spend their own money if they don't have to.

Wawa-we-wa

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March 8, 2013 09:01 AM ET

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If the books were ever made public ( owners will never let that happen ), people would be absolutely stunned to see the profits everyone of these guys make. All of them, the Packers too who wrote off a $20 million bad real estate deal as if the team lost that money and so they only claimed a $30 million profit a year ago. They all start out at around $50 million to the good side of the ledger sheet if they never win a game.

50yearfan

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March 8, 2013 09:10 AM ET

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Build your own Stadium with the ability to convert it to auto Raceway then you got a shot at Publick Funds, make it the Stadium of the Century!!!! You chep aBstard!!!!!!!

Not4Nutten

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March 8, 2013 09:25 AM ET

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The state and cities of the these NFL teams get little revenue benefits for having a NFL team. The city stills has funding issues to make ends meet, the poor old tax payers are paying for the stadium, and city and county leaders get a box for the games and free parking for ripping the average man off to make the fat cats get even richer.

toad

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March 8, 2013 11:24 AM ET

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QUOTE(#2):

Originally posted 09:01 AM ET 03.08 by 50yearfan

If the books were ever made public ( owners will never let that happen ), people would be absolutely stunned to see the profits everyone of these guys make. All of them, the Packers too who wrote off a $20 million bad real estate deal as if the team lost that money and so they only claimed a $30 million profit a year ago. They all start out at around $50 million to the good side of the ledger sheet if they never win a game.

That's still a lot of dough.

Taliesin

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March 8, 2013 12:18 PM ET

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QUOTE(#5):

Originally posted 11:24 AM ET 03.08 by Taliesin

That's still a lot of dough.

Yes it is and that is after they have hired and over paid every family member in some made up job with the team.

50yearfan

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March 8, 2013 12:45 PM ET

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QUOTE(#1):

Originally posted 08:06 AM ET 03.08 by Wawa-we-wa

One reason these guys are so rich is that they don't spend their own money if they don't have to.

Which is EXACTLY what "Big Cat" Richardson did the year before the lockout and of course the lockout year...essentially, he tanked 2 years! Fired Fox (which was coming anyway), hired Rivera on the cheap and fired the GM (long overdue). The only bright spots over that 3 yr span was drafting Cam Newton and Luke Kuechly