Patriots buy their own planes

They are a hard act to top.

https://m.youtube.com/watch?v=2iEPXKUTrjY   

Big, big expense to take on...These owners are swimming in $

They'll be back to flying economy in 5 yrs. when Bellichick and Brady ride off into the sunset, and they are once again looking like last year's Rams.

@"purplefaithful" said: Big, big expense to take on...These owners are swimming in $

This. Most of the time, leasing/pay-as-you go is overwhelmingly the best option for flying charter. There's a reason no other teams have done it, its a massive capital expense. But when you've been as successful as the Patriots in the Tom Brady era, this is a real option for a team swimming in revenue. 

Two words....Write off

@"JimmyinSD" said: Two words....Write off

That was what I was thinking as well when I read that. That is a massive write off for Kraft and he knew what he was doing when he got the two planes.
Not sure how good they are going to be come post Brady, but I am sure the Patriots and Kraft will have fun with it for a while

@"Canthony" said:

@"JimmyinSD" said: Two words....Write off

That was what I was thinking as well when I read that. That is a massive write off for Kraft and he knew what he was doing when he got the two planes.
Not sure how good they are going to be come post Brady, but I am sure the Patriots and Kraft will have fun with it for a while

@"StickyBun" said:

@"Canthony" said:

@"JimmyinSD" said: Two words....Write off

That was what I was thinking as well when I read that. That is a massive write off for Kraft and he knew what he was doing when he got the two planes.
Not sure how good they are going to be come post Brady, but I am sure the Patriots and Kraft will have fun with it for a while

The most that can be written off annually for business owned aircraft is $250,000 max. And that is depreciation. Its an incredibly expensive capital expense regardless and its why no other owners have done it. The Patriots are a strong NFL brand and there's more to it for the Krafts.  I'm not sure you understand how expensive these aircraft are.

Write-off or not, its not going to cover anywhere near the amount of $$$ Kraft is throwing at this. It also shows the level of commitment he has as an owner to the players, staff and believe me, this is just another recruiting tool down the road for FA too. 

@"purplefaithful" said: Big, big expense to take on...These owners are swimming in $

you can buy these planes for as little as 3 million dollars,  he likely spent more in the 10 to 20 mill range, but like the story says... he wouldnt have done it if it wasnt going to pay for itself.

write off all the operating expenses,  depreciate the machine until its not longer worth the hassle and then sell it back on the used market to some fan with money.

we also have to remember how much they are saving in travel expenses with the way its done currently.  I doubt most teams are in a city big enough to make it work, but i am sure those planes wont be sitting around between road games,  they will be earning their keep.

@"JimmyinSD" said: Two words....Write off

@"Ralphie" said:

@"JimmyinSD" said: Two words....Write off

Most airplanes are leased out when not in use.  I'm sure that's what the Krafts will be doing.

Perhaps the airports at opposing cities will suddenly have trouble finding a place for these guys to land/take off.

Just wish someone would lengthen the runway at the chicken farm in Wisconsin where 
opposing teams land when they play the Puke.  Taking eight hours to "rescue" opposing teams is pretty F'ked up

@"purplefaithful" said: Big, big expense to take on...These owners are swimming in $

It is amazing how many people think these owners live off the teams revenue. I think you would find that the Kraft family could afford a shinny new jet without the Patriots. First there was the filthy rich and the filthy rich said let there be an NFL. If the Wilfs wanted a fancy new jet for the Vikings they could buy it without dipping into Viking money. Will they...............NO. It is almost always better to lease. let someone else pick up the maintenance on and berthing for one of those monsters.