Speculation: Habs for Sale???

[beowulf]

I think Molson is being so silent after the stupid first round pick and how bad his initial response was to it.

 

[Stive Morgan]

Let's crowdfund this bitch

 

[Scintillating10]

he management of the Montreal Canadiens has been accumulating bad decisions over the past few months and it is possible to see that Geoff Molson remains very silent despite his team's problems.
Martin Lemay of 91.9 Sports tried to explain Molson's silence and the host suggested that the Habs are currently on sale and the owner is looking for a new buyer for his business.
Lemay blew up social networks with his questioning and he gave a few examples including the odd contract management from Marc Bergevin for a few months as well as the situation surrounding Shea Weber.
The CH is currently worth 1.3 billion US dollars according to the famous Forbes magazine in addition to the many investments including land and buildings that belong to the CH Group.
Martin Lemay's storyline is highly implausible, but it could still explain why Geoff Molson is so inconspicuous in the media.

The Habs are a cash cow for Molson. Why would he sell now?

 

[BLONG7]

The Habs are a cash cow for Molson. Why would he sell now?

Please...........don't try and figure out why, Geoff Mol$on does anything....this is not a bright guy...he had the good fortune of being born into a family of wealth.

 

[beowulf]

The Habs are a cash cow for Molson. Why would he sell now?

Sell high? Maybe he sees their value dropping as the team does not make the playoffs the next few years? And I don't know how much of a cash cow they have been over the last 20 months of so, if anything I would not be surprised like most other teams, they are running in the red thanks to the empty arenas.

 

[Scintillating10]

Sell high? Maybe he sees their value dropping as the team does not make the playoffs the next few years? And I don't know how much of a cash cow they have been over the last 20 months of so, if anything I would not be surprised like most other teams, they are running in the red thanks to the empty arenas.

Before Covid Geoff was making $150 million a year on Habs. Plus club value was going up annually close to another million. It would take a mint for him to move the Habs.

 

[beowulf]

Before Covid Geoff was making $150 million a year on Habs. Plus club value was going up annually close to another million. It would take a mint for him to move the Habs.

I find it hard to believe that he was making that much from the Habs. Source?

 

[slybel]

Can we buy with Bitcoins?

 

[Grate n Colorful Oz]

I wonder how many persons/companies would be interested in buying them. That's some serious dineros

Celine and Guy Laliberté would have to team up

 

[NeptunesTrident]

Lino Saputo...he could milk the market for millions

 

[Nico Cauzuki]

i wish but doubt it

 

[Holystik]

Elon Musk needs to buy this team and send it on a one way trip to Mars.

 

[sampollock]

Molson may not sell... but he will take a hit if this team keeps playing like this

 

[Frankenheimer]

I hear Jeffrey Loria is interested.

 

[WeThreeKings]

Our best case is to get a very rich owner who sees the Montreal Canadiens not as an entity to make money, but to bring back their former glory. Recognizing it as a hobby and not a central source of income.

Then we can get in hockey minds that will take a patient approach instead of trying to maximize butts in seats and concessions.

 

[MXD]

I hear Jeffrey Loria is interested.

FU lol

 

[MXD]

We'd need a kind of Lawrence Stroll-like owner, minus the whole son thing and the tax evasion.

 

[The Gr8 Dane]

I miss Mr George

 

[Essenege]

Let's crowdfund this bitch

I always wondered if it was possible for an NHL team to be IPO’ed, like ManU was. General public can then own shares (I wouldn’t but it would be pretty cool)

 

[BLONG7]

I miss Mr George

He and Gainey, and Boivin gave the habs so much credibility.....and the brand was reborn...
Geoff has benefitted after paying 600M and watched it double with almost no results...