Lowes Out AT LMS

[URL=http://www.bizjournals.com/triangle/stories/2009/07/27/daily54.html]http://www.bizjournals.com/triangle/stories/2009/07/27/daily54.html[/URL]

Correct me if I’m wrong but not only is the CEO and CFO Charlotte grads but also are on the Football Committee. Perhaps they have a slightly cheaper sponsorship in mind? I debated putting this in the Football Forum.

When I heard they were possibly not going to renew a couple weeks back, I thought the exact same thing. They hopefully want to keep a namesake around the Charlotte area, and I am sure the sponsorship $$$ will be way lower. This would especially be true if Home Depot comes in and scoops up the LMS sponsorship as I have heard in numerous blogs they are thinking about it.

Does anyone remember the financial specifics of the deal?

[QUOTE=NLP;423249]Does anyone remember the financial specifics of the deal?[/QUOTE]

Not 100% on this but I believe it was $30 mil for 10 years.

Not 100% on this but I believe it was $30 mil for 10 years.
Found it. You were pretty close. $35 million for 10 years.

http://www.thatsracin.com/140/story/14614.html

Okay. Forget Judy and Phi, let’s get Dijuan Harris and Mac Everett to head on up to Mooresville and get this done.

[QUOTE=NLP;423254]Found it. You were pretty close. $35 million for 10 years.

http://www.thatsracin.com/140/story/14614.html

Okay. Forget Judy and Phi, let’s get Dijuan Harris and Mac Everett to head on up to Mooresville and get this done.[/QUOTE]

Not sure Lowes is in a position to do a multi-million dollar sponsorship (would they let LMS go if they were), but $10 mil will get their name on our stadium. Let’s hope they want to become our FedEx (Menpiss Tigers). A major corporate sponsor would most likely DEMAND rapid movement to FBS (to max advertising effect). I’m all for it!

I imagine that Bruton wanted more than $35 mil and Lowes said “in THIS economy?” Imagine what $35 mil from Lowes would do for US!!!

Read the article more closely. Bruton wanted $9 mil a year starting out!:wow:

Says Lowe’s will be working hard to re-up as primary sponsor for Jimmy Johnson’s car but with more capital freed up, perhaps we might get in!

$10 mil will get their name on our stadium

And a stadium would sell FSLs…:49ers:

Take that, CHP! Guess who’s coming to save football from your evil clutches of defeatism!

[QUOTE=stonecoldken;423270]Take that, CHP! Guess who’s coming to save football from your evil clutches of defeatism![/QUOTE]

A bit early I’d say…

Take that, CHP! Guess who's coming to save football from your evil clutches of [B]defeatism(c)[/B]!

Fixed.

[B]Not sure Lowes is in a position to do a multi-million dollar sponsorship[/B] (would they let LMS go if they were), but $10 mil will get their name on our stadium. Let's hope they want to become our FedEx (Menpiss Tigers). A major corporate sponsor would most likely DEMAND rapid movement to FBS (to max advertising effect). I'm all for it!
All things considered, they're doing really well. Less than 20% drop in full year earnings compared to last year, then earnings growth forecasted again next year. Only 24% of earnings going towards dividends, so no cash pinch there.

If anything they should reward Niblock for his excellent stewardship during the economic crisis with a big fat bonus with the check pre-written for Charlotte 49er Football. :shades: