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Charlotte Bobcats buy bobcats.com $50,000

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KaneCo

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CHARLOTTE, N.C. -- The Charlotte Bobcats finally have a simple Web address.

For its first three years, the team used the domain name www.bobcatsbasketball.com because the rights to www.bobcats.com belonged to a bobcat breeder in Montana.

Barbara Roe owns Bitterroot Bobcat and Lynx in Stevensville, Mont., and had the rights to the Web site name for 10 years. She says team officials began asking her in 2004 about buying the rights, but the early offer of a couple thousand dollars wasn't enough. Roe says the team earlier this year met her price of about $50,000.

"It's called business," Roe said. "It's what you do. If you have a business somebody wants, you capitalize on it."

The newly named Web site and an upcoming redesign are part of a marketing campaign that will feature star forward Gerald Wallace and newly acquired Jason Richardson.

Bobcats president Fred Whitfield would not say how much is being spent on the campaign, which also includes the slogan "Elevate," new uniforms and a new secondary logo.

"This is about us improving as a franchise -- on and off the floor," said Whitfield, who's in his second year with the team.

The Bobcats ranked 27th of 30 NBA teams in attendance last season despite cutting ticket prices each of the past two seasons. The franchise has yet to make the playoffs.

Whitfield said the team has sold all but three of Bobcats Arena's 60 luxury suites and that floor seating at $1,000 a game is sold out.

The Bobcats also are increasing their community involvement, he said, partnering with Presbyterian Hospital, Mecklenburg County Parks and Recreation, and Charlotte-Mecklenburg Schools.

Copyright 2007 by The Associated Press
 
WOW.

One thing stands out:

"the initial offer of a couple thousand dollars wasn't enough..."

How cheap of a multi-million dollar professional sports franchise to
offer $1000 or $2000 for the exact .com name they need :)


ALSO:

Isn't CharlotteBobcats.com for sale somewhere?

(did I see it on eBay)?
 
"This is about us improving as a franchise -- on and off the floor,"

and the Sixth Man Award this year goes to the domain bobcats.com.

I think the buyer and seller both got good deals.
 
Seller could have gotten a lot more...also season tickets for life...
 
I know I wouldnt have settled for $50k..
 
There is another huge market for this domain for construction.
Bobcat in construction is small bulldozer type and you see these
at almost every construction sites!

Plus sports franchise?

Both sectors are Gigantic markets.
I would never sell at that price.
It's not being greedy.
It's called common business sense.
It's not like you'll need thousands of dollars to hold it for
10 more years:?:

Perhaps previous owner needed $ real bad ;)
 
On second thought this seller could have gotten much more. She is selling bobcats for 1500 dollars plus shipping at her new domain. When you break it down she sold the domain for 33 bobcats minus taxes, hardly enough. If I’m selling bobcats for 1500 each there is no way I’m selling my generic domain for 50k…

She does think she got the better end of the deal judging from the news story here. She should have hired an agent to negotiate a better deal.

She probably wanted the 50k in 2004 when that price was right. 3 years later and she should have gone for 150k. It looks like the team bobcats got a bargain.
 
On second thought this seller could have gotten much more. She is selling bobcats for 1500 dollars plus shipping at her new domain. When you break it down she sold the domain for 33 bobcats minus taxes, hardly enough. If I’m selling bobcats for 1500 each there is no way I’m selling my generic domain for 50k…

She does think she got the better end of the deal judging from the news story here. She should have hired an agent to negotiate a better deal.

She probably wanted the 50k in 2004 when that price was right. 3 years later and she should have gone for 150k. It looks like the team bobcats got a bargain.

yep, agreed.
but if they regfeed it originally & needed cash urgently, then still not to be sneezed at.
sure they can get the same turnover from another domain, with same site. guessing majority of traffic was for sports.
they could have negotiated more, for sure with help
 
Two thoughts:

1. I have been through Stevensville, Montana (the seller's location) a bunch of times - $50K is quite a bundle of money in those parts.

2. Who in the world buys bobcats as PETS?!
 
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