thinkwild said:
Please. Not this pure rubbish again. The PA accepts the validity of the NHL books.
Which one? I remember when the Sens were being sold, one of the many buyers for the team was the Snapple King. But they couldnt buy in as partners to Brydens deal, because as an audited company, they couldnt get away with this kind of transaction. Their auditors wouldnt allow it. Too sports ownershipish to meet audited requirements.
I don't think you know what you are talking about. Each NHL team produces audited statements already. Even if the URO process did not require it, every team has substantial debt. Assuming you have any business/finance experience at all, you know that banks also require audited statements from companies with this level and nature of debt. But to answer your question, Philadelphia (Comcast), Rangers (Cablevision) and Montreal (Molson 20%) are owned by publicly held companies.
As for being "sports ownershipish to meet audited requirements", all i can say is yeesh. Many many more teams have been publicly owned from time to time, including Anaheim and many others I Believe (although I am not inclined to research).
If the teams were public companies, with shareholders, an audit might be more meaningful, although the profit-first philosophy that they would have to adopt would not probably be in fans best interest. But when the only shareholder is the owner himself in a complex web of shell companies, I'm sure every lawyer would see through the phrase - audited. N'est ce pas?
Non, monsieur. An audit is an audit.
Yes, if the team is forced to spend the token minimum, where is the problem eh? If an owner wants to pocket the money, he will pocket the money. You cant design a system around this. You have to design one for the teams that want to win.
In the reported system, you must keep in mind that the players are going to be guaranteed 54% of revenues. If too many teams pay the floor (which is not set at 54%), there will need to be a top-up.
Oh come on. How can you say that. They have been embarrassed and their reputations ruined. I know I wont be able to watch them at the olympics because i feel too embarrassed for them. No one is going to want them associated with their team. They have been embarrassed and their reputations so tarnished by the event how can they possibly show their faces in public again. Dont you realize how traumatic and newsworthy an item that was?