NHL buyout offer gets second wind

Discussion in 'The Business of Hockey' started by Buffaloed, Mar 31, 2005.

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  1. Buffaloed

    Buffaloed webmaster

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    Bidders might offer separate bids for teams

    They're prepared to up their $3.5 million offer and negotiate with teams individually.
     
  2. GKJ

    GKJ Global Moderator

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    billion, Buff.


    They're simply going to plan B and I don't blame them.
     
  3. This is cool. This is what we discussed in the previous thread. What if they manage to buy 22-24 teams?
     
  4. GKJ

    GKJ Global Moderator

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    Toronto becomes a small market team. Just like the Rangers, Flyers, Wings and anyone else who doesn't sell there team.
     
  5. Mess

    Mess Global Moderator

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    I think that is a bit high Mac .. I could see 8 maybe as many as 10 ..

    As business people its all about money .. Take Anaheim .. The were just purchased as were the Canucks ... If you could make a quick 10 -15 mil flipping them .. It would be tempting considering there is no attachment yet ..

    Pittsburgh should really consider it .. I bet that if Bain got a hold of them the City of Pittsburgh and a new arena would be right around the corner ..
     
  6. X-SHARKIE

    X-SHARKIE Registered User

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    Should we hope they do in fact by these teams?

    Or would it be bad? Or unnoticeable?
     
  7. shakes

    shakes Pep City

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    The Leafs, Rangers, Flyers, Wings and every other big market team will still be a big market team. Why you think that they would suddenly become a small market teams baffles me. The "market" they are in doesn't change, only the ownership picture.
     
  8. RandV

    RandV It's a wolf v2.0

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    There would be a lot of benefits to having 1 centralized ownership. It could really help competitive balance, and remove the instance where a couple of big money owners can throw everything out of whack. Wouldn't really need a salary cap to keep things controlled because they could basically get away with what was before collusion. There's not telling how they might run things though. Would they continue to let the big market teams spend away, and the small markets struggling to hold onto star players? And the big thing, with the current uncertainty already existing because of the lockout, who knows what effect bring in another huge uknown could do.
     
  9. shakes

    shakes Pep City

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    It doesn't matter really.. there are many teams that won't sell.. period
     
  10. GKJ

    GKJ Global Moderator

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    because everyone else has more money?



    It was a guess
     
  11. Crazy_Ike

    Crazy_Ike Cookin' with fire.

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    They can't. League rules don't allow anyone to have controlling interest in more than one at a time, and quite possibly you're not allowed to own ANY piece of more than one team at a time, though I'm not 100% sure of that far.

    They can buy all the teams by buying the entire league, with all 30 teams accepting the offer, or they can buy one team, or they can buy zero teams. That's their options.
     
  12. Johnnybegood13

    Johnnybegood13 Registered User

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    Not just many...very few would (possibly 5-6 if they were overpaid)
     
  13. kdb209

    kdb209 Global Moderator

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    Nothing. This an all or nothing offer folks. Their business model only works (and is only legal - gets around all that nasty anti trust stuff) with a centralized (MLS model) ownership of all 30 teams.
     
  14. fcbarcelona

    fcbarcelona Registered User

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    if impasse doesn't work for the NHL owners...this plan B option becomes a viable scenario. many owners would want out of the NHL if they can't get their way. BUT!!!!!! But, the large market owners will take some big time convincing to sell their team. should thus occur (FAT chance IMO), the NHLPA better fear for their lives. i would think such centralized ownership would allow for cost certainty of any value to be used.

    yet, as far as buying individual teams go...see above post!
     
  15. mr gib

    mr gib Registered User

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    i'd get rid of bettman in a flash but did you note the dig at the players - smells fishy - although go for it but go back 12 years and leave it alone - oi - beckham rools
     
  16. me2

    me2 Calling out the crap

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    What dig at the players was there in that article?
     
  17. McDonald19

    McDonald19 Marcus Pettersson

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    I don't know about that. The new Ducks owner is a billionaire who is really excited to own a team. I don't think he got into it to make 10 million off re-selling.
     
  18. LPHabsFan

    LPHabsFan Registered User

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    I'm not a legal expert yet but, what if Bain Capital agreed to finance the teams under the the NHL's control. There have been many times when the NHL has been in control of certain teams, so why not officially have the NHL control these X amount of teams, but have Bain Capital finance them.
     
  19. Schlep Rock

    Schlep Rock Registered User

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    I will say this... if one Equity firm is going to buy the NHL, be happy that its Bain taking about it.

    They are top of the line and are involved in the $11 billion SunGuard deal recently announced.
     
  20. Schlep Rock

    Schlep Rock Registered User

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    I can see how this would work. Bain would basically be providing a loan to the NHL for operating capital and instead of a fixed annual payment, they have a fixed return of profit.
     
  21. LPHabsFan

    LPHabsFan Registered User

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    Yup. And it's not illegal since no one person/group is in control of the teams. The NHL is the official team operator. The owners that want out can get out. And the owners that still want in can stay. The NHL gets the money they need to stay alive and prosper, and Bain Capital gets whatever they want from this deal.
     
  22. RangerBoy

    RangerBoy TRUST THE PROCESS

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    Is this stupid issue still being discussed?I'm sure the big market NHL teams will want to sell their clubs when the league is on the cusp of getting a terrific CBA which will increase the franchise values and profits. :shakehead
     
  23. Volcanologist

    Volcanologist Used Register

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    Except when it counts.
     
  24. chiavsfan

    chiavsfan Registered User

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    Oy soccer...
     
  25. Schlep Rock

    Schlep Rock Registered User

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    One thing not being discussed with all of this is Bain Capital could very well prove to be the financers for a "rogue league"

    They were willing to take a $3.5 billion risk for the NHL... they might be willing to take a $1 bill risk for the "NHL2" (figure cap of $35, an additional $15 earmarked for for operating expenses and 24 teams).

    If they can get a committment out of the NHLPA and a majority of its members, it could happen and leave the NHL owners with a COMPLETELY worthless corporation.

    This NHL2 likely wouldn't have to play 2 games before NHL owners say, "let's deal" especially if they see legit teams set-up.
     
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