Headshot77
Bad Photoshopper
- Feb 15, 2015
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Maybe quebec should pay the expansion fee and Seattle/lv get the relocation team (s). 450 million could really hurt the bottom line of a small market club but that is chump change for quebecor
Ville de Québec Partie XII: Attendez patiemment
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Shawa666
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450 million is not chump change for Quebecor. If they think the acquisition of an NHL team still makes sense at that price, they'll do it, but it's still a significant investment for them.
Complementary products ... media and sports. Quebecor's overall bottom line will be enhanced by having an NHL franchise in Quebec, which means that they don't need the NHL franchise to be independently profitable for the investment to be worthwhile. That gives them a huge edge over other potential investors.
GF
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- Nov 4, 2012
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450m$ is crazy expensive. It was a year ago with the can dollar at par with the US. With the current exchange rate at 0.8 I don't believe Quebecor would pay 565mcan$ for an expansion franchise. It makes no sense at all. That's over the top, Sarah Palin crazy.
Of course it's their money and they can spend it as they please. But when you consider the price Winnipeg got the Trashers for (170m$) just four years ago, why would Quebecor pay 565m$?
The Habs sold for 575m$ just 6 years ago for 575m$ including the Bell Center that is one of the most profitable venue in North America. If we say the Bell Center is worth as much as the new Colisee (400m$) that's 175m$ the CH actually sold for. If a 100yo team, 24times Stanley Cup champions in the third largest hockey market sold for 175m$ some 6years ago, why would Quebecor pay 565m$ for an expansion team?
Completely crazy! It might be very long before we see an NHL team in QC. I can't believe how people think that 450mU$ is just pocket change. It's basically the price the CH/Bell Center sold for!!!!
Of course it's their money and they can spend it as they please. But when you consider the price Winnipeg got the Trashers for (170m$) just four years ago, why would Quebecor pay 565m$?
The Habs sold for 575m$ just 6 years ago for 575m$ including the Bell Center that is one of the most profitable venue in North America. If we say the Bell Center is worth as much as the new Colisee (400m$) that's 175m$ the CH actually sold for. If a 100yo team, 24times Stanley Cup champions in the third largest hockey market sold for 175m$ some 6years ago, why would Quebecor pay 565m$ for an expansion team?
Completely crazy! It might be very long before we see an NHL team in QC. I can't believe how people think that 450mU$ is just pocket change. It's basically the price the CH/Bell Center sold for!!!!
It's important to understand why the value of sports franchises has skyrocketed recently: TV and advertising.
Sports are the only thing that people NEED to watch live. Every other show, people are happy to record / watch later / watch on Netflix. As a result, advertisers are paying more for sports than other shows, because sports are the only outlet where they're guaranteed to get viewers.
That explains why the NHL was able to command such a hefty TV rights contract from Rogers, why Quebecor paid $120 million for NHL broadcast rights in Quebecc, and why the Quebec NHL franchise is worth so much to Quebecor.
RogerRoger
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- Jul 23, 2013
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Hal1971
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If I remember well, the only classy guy who mentioned the fan in quebec city was Uwe Krupp.
Ice Crusher
Registered User
Come on now. You really proved you don't know anything about Sakic. There's isn't one time when he was in an Avs jersey that he hasn't praised Quebec City for the support of their fans because of how much of a ****** team there was, still the fans were always there to back the team up during the dark era.
There isn't a guy more classy than Sakic. Poor choice of words there.
Hal1971
Registered User
Perhaps before or after, but I meant when they won it, durings the post game interview and all that, the only one that mentioned Quebec was Uwe Krupp, that left a bitter taste and I never watched NHL since that. My interest grew up again in 2002 when they had a pre-season game in Quebec and Forsberg, Foot and Sakic did the warm-up in Nordiques gear... That healed it
Shawa666
Registered User
I understand the strategic justification for a media and entertainment conglomerate to buy a hockey team but the truth is that it isn't just a qualitative argument (does that argument still work with a $600M purchase price? 800M? 1 billion?).
Nevertheless, my point is that $450 million is NOT chump change for Quebecor, it's a very significant investment, especially for a company whose main businesses (except for Videotron) are not exactly in an enviable financial shape -- funny you should talk about their 'overall bottom line', $450 million is about their bottom line for the past 3 full years combined (2011-2013, 2014 not available yet, maybe later this week).
powerstuck
Nordiques Hopes Lies
I would rather let Seattle and Las Vegas spend those $450M on a brand new team. I mean they want it so much. Would also help eliminate many NHL made double standards.
Hal1971
Registered User
Yes, the Remparts where bought by QMI (quebecor) and will play in the new rink next season
They are shifting their strategy away from print media and towards wireless. Just like Rogers. An NHL team is a perfect fit for that.
http://business.financialpost.com/2...at-the-ceo-is-taking-it-slow/?__lsa=ab74-8888
sigh. you're still arguing on strategic grounds. $450 million is still a lot of money. it may be a good strategy (or not), but it's not "a good strategy regardless of the cost".
Oh, yes, the dreaded strategy argument in a discussion thread about the business of hockey.
You can't just say that a number is good or bad without understanding the broader context. My point is that a number that may not make sense strictly for the hockey side would make sense for Quebecor given their overall portfolio of businesses.
Is $450 Million worth it just for the hockey team? Likely not. But it is almost certainly worth it for Quebecor given their overall strategy.
What is the upper bound for a worthwhile price? I don't claim that there is no upper bound, but it's not as though we're talking about the price going to $800 million.
Slashers98
Registered User
TVA is losing money head over feet right now with its sports channels so it needs content to mitigate the losses, which is why a professional hockey team would be a great investment whatever the price is to acquire it.
Is it just me or are Quebecor really dragging the feet with the arena
Shows were supposed to be annonced by mid feb, then late feb, then mid march, now supposed to be late march, even if they were to annonce them they havent even started the hiring process for ticket sellers/box office staff
Still no name on the building , no beer deal, no soft drink deal, hell its 2015 how can they not even have a website for the arena?
Usually at this time of the year the remparts are selling season tickets that has also been pushed back
Shows were supposed to be annonced by mid feb, then late feb, then mid march, now supposed to be late march, even if they were to annonce them they havent even started the hiring process for ticket sellers/box office staff
Still no name on the building , no beer deal, no soft drink deal, hell its 2015 how can they not even have a website for the arena?
Usually at this time of the year the remparts are selling season tickets that has also been pushed back
halligan10
Registered User
this may be the reason...who knows?
http://www.tvasports.ca/2014/12/11/demenagement-des-panthers--de-reelles-menaces
sawchuk1971
Registered User
- Jun 16, 2011
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madhi19
Just the tip!
Might be a indicator that the shoe about to drop. Or at the very least they want their options open just in case. If they knew for sure that it not happening next season they would already be loading up on shows.
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