gr8haluschak said:
Do you pay attentian to the world of hockey ? If the argument that the Cannots being sold proves that NHL teams are not bad investments I have to question your whole basis on that idea. How long have the 'Nucks been up for sale ? what about the other teams that have been up for sale such as the Ducks, and is Tom Hicks not wanting to dump the Dallas Stars as well ? how about teams like the Oilers and Flames who needed multiple owners to buy them, the reason they were bought - to keep the team in Edmonton/Calgary, even those owners have admitted that. If a NHL team was such "great" investment, no actually a decent investment then owners would be busting down the door to by these teams, and in case of a team likethe Ducks, moving them to a better market.
Since the day McCaw bought them, however he has been so selective that he has discounted 15 prospective buyers. Here is an article that shoot you in the foot over the Hicks arguement. According to Hicks it had nothing to do with the economics of sports but the economics of the country that had the team up for sale.
http://www.dallasnews.com/sharedcon...s/stories/050403dnspostarshicks.1ca06a94.html
As to the Mighty Ducks, Disney turned down $50 million from Howard Baldwin (yes that Harold Baldwin who ran the Whalers and the Penguins into the ground) who tried a lowball offer.
The problem with the Ducks is that there is a fairly hefty termination fee and notice provision on the arena lease if you wanted to move the team. The Ducks would need to give Anaheim officials two years' notice on their intention to move, plus pay damages for early lease termination.
Baldwin wants to move the team to Kansas City and to do so would require a hefty payment plus a two year wait so he tried a discounted offer. Fortunately even Disney is not that stupid. The last thing the NHL needs is Baldwin back in the ownership ranks. He makes Mad Mike Milbury look like a raving genius.
Comcast was interested at one point in picking up the Angels and Ducks in a package but since they own the Flyers they could not complete.
Here is what the Sports Business Journal had to say abput the value of the Ducks:
Quote:
Normally the Ducks, launched by Disney as an expansion franchise in 1993 and named after a company movie, would fetch between $100 million and $125 million, Phillips said. But with the NHL's weak economic model and uncertain labor future, the team might go at a discount.
Gordon St Denis, an independent sports investment banker who used to work for Lehman and is now advising two buyers on NHL purchases, agreed.
“At this time a slight discount is being applied because of the uncertainty related to the CBA," he said.
Forbes estimate of $110 million falls in that range.