Shares in Papa John's have fallen 13% after an earnings report showed the company was losing customers. And less than 24 hours after the report was made public, CEO John Schnatter has already lost $70 million from his personal net worth, according to Bloomberg.
Schnatter thinks he knows where the blame lies — the NFL. In a call with investors on Wednesday, the NFL came up 44 times compared to 12 times in the last call.
"We are totally disappointed that the NFL and its leadership did not resolve the ongoing situation to the satisfaction of all parties long ago," Schnatter told investors. "This should have been nipped in the bud a year and a half ago."