There are times when money is wasted. Mark Henry is halfway through a $10 million contract. WCW was bought and buried for $2.5 million. Recently Tom Hicks, owner of the Texas Rangers, complained that he was losing money due to the structure of baseball. He was pleading for other owners to share their revenue stream with him. This is the same guy who spent $252 million on A-Rod (one baseball player). And he wonders why he is losing money.
The newest example is the U.S. Postal Service. Our government institution is spending $25 million to sponsor the cycling team of Lance Armstrong. Of course USPS has a monopoly on regular mail, so they donít need to spend on advertising to convince us to use their services. It is not like we have a choice. Also, they are bothering with a sport like bicycle racing that most Americans donít watch. Their response might be that the Tour de France is a huge sporting event in Europe. Having their brand identified with a racing champion can increase their overseas revenue.
This is totally wrong. People in France have an anti-American bias. They donít like our politics, our McDonalds, or Lance Armstrong. In fact they totally hate Lance Armstrong. He is an American winning their sport in their country. They chant, ďDopayĒ at him every time they see him. ďDopayĒ is supposed to result from his suspected doping (steroid drug use). They think that since he is so dominant in racing, he must be cheating. Now, this might be fair to direct at a baseball player or professional wrestler. Or another sport where they have no testing and wink at drug use. But, Lance Armstrong has passed every drug test he ever took. There is no evidence to the contrary.
Now, I know you are thinking, ďI donít care about a stupid bicycle race or France. This doesnít affect me.Ē That is where you are wrong. The post office just raised the price of stamps from .34 to .37. They said it was necessary because they were losing money to the internet. (Donít you feel guilty for using all that free e-mail?) All this just to get people who donít like us to associate a brand they donít use with a person they donít like. Something to think about the next time you buy some stamps.
And that cycling team consists of 8 other racers, plus mechanics, etc. who don't just race the Tour and leave it at that. It covers a bit more ground than just 3 weeks. Probably factors out to around 1-2 mil per rider/year, after expenses. If the USPS wants to recoup that money, they can just run their business better. Tell them to talk to Dell or something.
True that the team is more than just Lance Armstrong. But, lets be honest. Armstrong is the one getting all the money. The rest of the team is a bunch of jobbers who make Lance look good. If they didn't want to lose money they could try cutting expenses.
Originally posted by JubukiAnd that cycling team consists of 8 other racers, plus mechanics, etc. who don't just race the Tour and leave it at that. It covers a bit more ground than just 3 weeks. Probably factors out to around 1-2 mil per rider/year, after expenses. If the USPS wants to recoup that money, they can just run their business better. Tell them to talk to Dell or something.
Hey are you guys with the Un-Americans? haha, just kidding. I have no problem with the USPS sponsoring Lance Armstrong. I doubt this is the first time they sponsored an event like this so I won't criticize their rate hike. I think it's worth it to stick it to the rest of the world and show what American Sprit is all about. I mean, the guy came back from freakin cancer and won the race 4 times. U-S-A! U-S-A! Jay Leno had a joke about Lance riding into Paris unopposed. He said the Germans were impressed, they only did it twice. Haha.
Is that an informed opinion of some sort? Or are you spouting "jobbers" because you don't keep up with cycling and assume that, because they don't win the Tour and that's the only race you know about, that they must be useless? They are actually useful to Lance during the Tour - staying together in a group can be a necessity in the non-mountain stages - and they race in plenty of places. Hincapie is no Lance, but he's not a "jobber", either; he does actually win races. Just not the Tour.
Nah, they misbooked a small amount of revenue (2%) which is negligable in a company that size. Don't forget that they have a real company behind them the has real revenues. Not to say that it isn't a big deal but they are not in trouble.