Ducks Sold!

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mmbt

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westcoast said:
This is my question. I thought the league specifically said if the Ducks were going for between 50-60 million they would buy the team themselves. :dunno: Wasn't there a quote or article on this?

LA Times is reporting it's 75 million.
 

Kevin Forbes

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Duff88 said:
Is there actually any chance they change the team's name?

Disney may continue to be the copyright owner of the name "The Mighty Ducks of Anaheim", because of the whole video franchaise and other Disney merchandaise that isn't NHL specific but very Disney specific and as such, there might be a stipulation in the contract to keep the name as is, so Disney can continue to make cash. Or the name could immediately be changed so that the team doesn't have to pay Disney money any longer.

Anyway, it assures that NHL hockey will remain in Anaheim for the forseeable future, which is a relief for many a Ducks fans. Also, all the Anaheim haters will need to think up new material.

Edit: As can be seen from the post above mine, the preliminary attempts at making fun of the Ducks so far are rather weak at best.
 

Jarqui

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PecaFan said:
Well, that pretty much lays to rest the tired old "They make all their money when the sell the team" refrain of the NHLPA and supporters.

Bought the team for $50 million, lost god knows how much cash over the last 10 years (probably $100+ million), and barely got their purchase price back.

link is http://www.tsn.ca/nhl/news_story.asp?id=116161

Really. On Nov 29th, half way into the lockout with dire predictions from years before on how bad it was going to be, Forbes valued the Ducks at $108 million. They got about fifty cents on the Forbes dollar with this transaction.

Mike Ozanian of Forbes has been annointed the Larry Brooks/Al Strachan of financial reporters. Sadly, I'm sure many players bought in and have been misled as have many others. In my view, it is grossly irresponsible reporting and has been long before Nov 29th/04 when he wrote his article taking on Levitt without reviewing the teams' books.
 

Keetz

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Kevin Forbes said:
Anyway, it assures that NHL hockey will remain in Anaheim for the forseeable future, which is a relief for many a Ducks fans. Also, all the Anaheim haters will need to think up new material.
:yo: as much as I love the Kings, I would hate to see The Ducks move. I love the rivalry and being able to follow two teams so closely. ;)
 

rwilson99

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Pepper said:
Disney paid $50 million US for the Ducks to join the NHL as an expansion franchise in 1992. Samueli's offer reportedly was in the $50 to $60 million range.

Although the Ducks were Western Conference champions and went to the Stanley Cup final during the 2002-2003 season, Disney has had them on the market for years.

''We are confident that Henry and Susan Samueli will bring continued success to the Ducks and we will remain among the biggest fans of the team going forward,'' Disney chief executive Michael Eisner said.

There goes the PAs escalating franchise value argument. :lol

To compare, had Disney Invested 50 Million in a stock fund paying a paltry 5% a year. They would have walked away with a $94 Million+

OF course... they must have continued to hide hockey revenues to sell their team at such a price.
 

McDonald19

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If the team was sold for 75 million the league is going to quietly approve this.

This is great news for Duck fans!!!

Now that they have a billionaire owner who is commited to Orange County, all of you contraction and relocation people can pick on another team to move or get rid of. :teach:
 

Keetz

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McDonald19 said:
If the team was sold for 75 million the league is going to quietly approve this.

This is great news for Duck fans!!!

Now that they have a billionaire owner who is commited to Orange County, all of you contraction and relocation people can pick on another team to move or get rid of. :teach:
:bow: The only thing that could make me happier about this is if they were actually playing but somehow the future doesn't look so bleek for a So Cal Hockey fan.
 

McDonald19

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Here is the LA TIMES Article.

http://www.latimes.com/sports/la-02...y?coll=la-headlines-sports&ctrack=1&cset=true

Samueli and his wife, Susan, purchased the team for more than $75 million, according to a source familiar with the negotiations. The deal includes Disney Ice, the Ducks' training facility in Anaheim. The NHL's board of governors must approve the deal.

In buying the team, Samueli fortifies the Arrowhead Pond, which is operated by his management company. The Ducks' lease with the arena allowed Disney to share in, and in some cases monopolize, revenue streams from non-hockey events.

By owning the Ducks, Samueli will now be able to pocket profits, provided the Ducks make money once play resumes after the current labor strife.

--------------------------------------------------------------------------------
NHL should approve the sale since 75 million is reasonable considering were in a lockout. If it was 50 million maybe they wouldn't have.

Samueli now has full control of everything going on with the Arrowhead Pond, so this is great news for Ducks fans as the team will stay in Anaheim for a long time!!!
 

Pavel

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The NHLPA should have dipped into it's "war chest" and bought the team. Then they could see how profitable it is to own a team in the current market.
 

Snap Wilson

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The announced figure is BS, as already suggested by the Times. Forbes isn't the only financial organisation that valued the Ducks at much higher than $50-60 million. Samueli isn't moving the team anywhere, either. He's firmly entrenched in Orange County. The engineering department at UC Irvine was his contribution (it's named after him). This is great news for Anaheim fans.
 

leaflover

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Pavel said:
The NHLPA should have dipped into it's "war chest" and bought the team. Then they could see how profitable it is to own a team in the current market.
That would just give the pro-owner side more to cry about.
I can just hear it,"damn NHLPA has so much money they can afford to buy teams now". :)
 

Fighter

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Dirk316 said:
Since the name has been such a joke for so long they need to ditch the whole theme of Ducks altogether.

To me the name is fine as long as we load the team with enforcers who can beat the **** out of the other team. :D

j/k of course
 

nomorekids

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McDonald19 said:
If the team was sold for 75 million the league is going to quietly approve this.

This is great news for Duck fans!!!

Now that they have a billionaire owner who is commited to Orange County, all of you contraction and relocation people can pick on another team to move or get rid of. :teach:


Trust me. Having a billionaire owner committed to staying in your town will NOT stop people's "contraction talk."

You're awarding them too much intelligence.
 

WrightOn

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Feb 7, 2004
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Good news and a brilliant move by Samueli IMO. The timing of this should make him a hero and positive things will happen for Anaheim because of it. This is a positive amidst all this damn darkness.

:handclap:

Good for Anaheim!
 

fez

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Kevin Forbes said:
Anyway, it assures that NHL hockey will remain in Anaheim for the forseeable future, which is a relief for many a Ducks fans. Also, all the Anaheim haters will need to think up new material.

Edit: As can be seen from the post above mine, the preliminary attempts at making fun of the Ducks so far are rather weak at best.

Amen!

:handclap:

Those have to be the weakest insults against the ducks ever and Ive seen a lot over the years.

PS

My 1000th post, woot!
 

Ziggy Stardust

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It's time for the Ducks to do a complete image overhaul. Change up the logo, the color scheme, the whole uniform getup has to go. It's a new era for the organization and it is time to disassociate the team from any ties with Disney. And please, no more Wild Wing.
 

Nash

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Old Seals Logos ...

Oakland Seals 1969

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Oakland Seals 1970

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California Golden Seals 1973

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California Golden Seals 1975

california_seals_1975.gif
 

Spezza

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Good for the ducks. Like others have said they're probably on a much better financial footing now that the same guy owns the arena and the team.
 

Hockeyfan02

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nomorekids said:
Trust me. Having a billionaire owner committed to staying in your town will NOT stop people's "contraction talk."

You're awarding them too much intelligence.

Sad, but true.

Good for the fans in Anaheim, hopefully the sale is approved. I dont want the NHL making the Ducks the next Expos.
 

me2

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leaflover said:
Thats might be a hard sell for merchandise.

"Ducks" is OK. Lets do a quick whip around.

So Ducks get beat up by Panthers, Hurricanes, Canucks, Habs, Senators, Kings, Flames, Rangers, Tyres with Wings, Coyotes, Oilers, Lightning, Bruins.

A Duck could beat up a Thrashers or a Maple Leaf.

WTF is Wild? Ducks are 50-50 in the Wild. Flyers?? Stars, never seen a Duck killed by a star yet so we'll call that even.

So a duck struggles against most of those other logos in real life but at least they can beat a couple of the wimpier logos.
 

Accord

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monkey_00 said:
Sounds like a great idea...........new name and new jerseys too..........and maybe instead of referring to them as Anaheim might be better to call them "California"...........California something.
They have something like a 20 year lease with the city of Anaheim and the terms of the lease is they are required to have Anaheim in the teams name.
 
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