Cyclones Rock
Registered User
- Jun 12, 2008
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Thanks for the math. Essentially, someone would have to pay (under current lease arrangements) twice what the team is worth.They better be ready to pay about 1.4 Billion at minimum then to outright buy the team (probably about 700mil at the absolute minimum though its gonna cost much much more than that as the team is worth roughly $620 now), pay back the arena loans (about $130mil) and then settle with the service agreement to the state (about $100mil) for breaking lease early (2041?) on top of waiting 6 months to compete against Nationwide who will probably drive their own investor group and abuse the Art Model law to keep a permanent tenant at Nationwide Arena because the shows/music acts alone don't drive enough revenue during the peak times of Dec-March (which is why our home schedule is always so front loaded). That's only the expenses to clear out of Ohio you still need to set up service agreements to your new location and pay the league a relocation fee ($500 million)
No reason that part of any sales agreement couldn't be some absurdly high relocation fee ($2 billion or more) to be paid to whomever (Nationwide Arena, State of Ohio, McConnell) which would effectively amount to a permanent stay in Columbus for the CBJ.
Also, the league has shown an incredible resistance to relocation (see Arizona). There is no compelling reason that the CBJ should be moved so I doubt anyone who would buy them could demonstrate a legitimate reason for relocation.