Jaded-Fan said:
Disneyland is in Anaheim, right? I highly doubt that a company of that size would take the community hit of losing a team merely to get a relatively small amount more in a sale. And losing any team is a hit to a community.
On the other hand, the Disney Corporation has shareholders world wide and is in the process of undergoing a change in direction post-Michael Eisner. A corporation has to satisfy shareholder demands, and one way to do it is to rid itself of underperforming assets. The selling price of $ 60 million is a drop in the bucket for Disney, but they could probably take that $ 60 million and use it to buy (or increase their stake in) an ABC-affiliated TV station or open a few more retail stores that could churn a lot more cash flow and profitability than the NHL team does. I think Disney can satisfy it's Anaheim-base if they make the deal with guarantees the team won't go anywhere for a period of time. Apparently the arena is first class and Samueli has a lot of money and a very good reputation and strong power base in Southern California...looks like a business deal can be done here...
I have to agree with the people who posted that the roughly $ 60 million figure being tossed around is going to look like a fire sale price, though. The NHL Board of Governors won't want to approve that kind of deal. The last three NHL teams that sold - Buffalo, Atlanta, and Ottawa - had their valuations fudged because they included arenas and other assets getting tossed in to the deal. The last thing the NHL wants is for a team to be sold for about $ 20 million less than the expansion fees of five years ago.
Maybe Disney can find some other "under performing assets" to toss into the deal so that it looks like Samueli (or the other bidder) is paying at least $ 80 million for the team.