The Aquilini group owns large parcels of lands in the Lower Mainland and Southern Interior. They probably stand to gain a few billion in development deals over the next decade. That said, the Vancouver Canucks franchise can quickly become a liability. The land around the arena has mostly been developed save for the arena itself which doesn't appear to be going anywhere the next 15 years or so.
The fact that Francesco Aquilini is rolling back expenditures in the front office and arena operations staff is pretty telling where the priority lies. If the franchise value begins tanking, the team will get sold.
I don't know how to say this, unless you've been in a position where you are dealing with Millions of dollars or operate at least a company that generates around 2 million in money in your pocket per year.
First off I am by no means defending Aquilini, I am not a fan of this guy, but I I've put myself in his situation and I can see the hardships of the hit, he has taken as even as a owner due to covid 19.
Now someone can say, "well he's a billionaire and that's his issue if he didn't manage himself properly to go through another recession that's on all on him blah blah blah.
It's not really like this... the number he is seeing right now is a huge loss without having any ticket sales. The Canuck side of his business is used to pay off his players. Not his other businesses. Canuck ticket sales used to Pay off Canuck players and management.
So right now, that side of the business is taking a huge hit, he needs to compensate that portion through his other business which is really tough since right now, that part is also not doing too well because of Covid 19. The Vancouver Canucks franchise is not really a liability well I guess 31 other NHL clubs right now is a liability to it's owners since right now they will not be generating any revenue for the owners.
no one is stupid enough to a professional sports team right now. Out right dumb investment. Also there is a chance an American owner might buy it, which means Vancouver might flat out lose their team. I've lived through that time before, it's no fun.