Rumor: Canucks for Sale?
- Thread starter LiquidSnake
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The Stig
Your hero.
Samzilla
Prust & Dorsett are
- Apr 2, 2011
- 15,297
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imagine Messier bought the team
great...will he give the money back that he sued for when the team value depreciates?
Raincouver
Registered User
- Mar 2, 2014
- 808
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If I buy them, do i get a couple of the chicks in yoga pants who shovel the snow during TV timeouts?
I kid...I kid....
I hope the Canucks are bought by Paul Allen.
He already owns the Portland Trailblazers and the Seattle Seahawks (and part of the Sounders).
This would make him the big fish in North American sports.
I kid...I kid....
I hope the Canucks are bought by Paul Allen.
He already owns the Portland Trailblazers and the Seattle Seahawks (and part of the Sounders).
This would make him the big fish in North American sports.
Last edited:
Baby Pettersson
Moderator
Why don't we all pool our money together and buy the team. We can run it from the forum. If you think discussions are already hot enough wait until it's for real! Y2K would overpower us to trade for Luongo!
The Stig
Your hero.
Wilch
Unregistered User
- Mar 29, 2010
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Paul Allen would be terrific.
He's a brilliant guy.
Not sure how complicated American ownership in Canada would be though. Correct me if I'm wrong, but I believe all Canadian teams are owned by Canadian entities?
Yeah I haven't minded the aquas one bit as they've spent to the cap each year. Their meddling is a concern, but as least they're not cheap. Let's kickstarter this so we can raise 750m. 
Mudshark50
Registered User
Yes, telecoms, who like to wring every penny of profit out of their assets as possible.....fun stuff.
If Paul Allen has any interest in an NHL team, it would be to bring one to Seattle, I would think.
If ownership does change, Gilly can kiss his ass goodbye.
VeteranNetPresence
Disco Super Fly.
I suspect there would be a good chance that it might be some Asian billionaire.
John McClane
Registered User
My April Fools joke of having Messier buying the Canucks and having them move to Las Vegas could actually happen.imagine Messier bought the team
Dear god.
Wilch
Unregistered User
- Mar 29, 2010
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Doubt it.
Unless they were born and raised in North America, most Asian billionaires are unfamiliar with these sports franchise model.
Even then, most Asians don't know a thing about hockey because most Asian countries don't have winter sports (or winter, for that matter).
And if I'm Paul Allen, I wouldn't buy this franchise for $750mn. The cap is going up and the Canucks are about to go into a drought. Makes little sense.
skyo
Benning Squad
Wilch
Unregistered User
- Mar 29, 2010
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And the majority of the Asian billionaires made their money in Asia. Those Asians aren't familiar with this sport.
Until the older generation kick the bucket and their wealth gets inherited by their kids (who were probably sent to North America at an early age), it's unlikely you'll see many Asian owners.
Charles Wang is one of the few exceptions - he got rich real early, and his company is a Fortune 500 company in the States.
Most of the "Asians" you refer to in Vancouver are immigrants who mostly settled between 1996~now.
Having lived in Richmond for 16 years, I can tell you people with parents who care about hockey are mostly middle-class folks. All the super-rich families have one or both of their parents working in Asia. Even then, those kids eventually move back to work for their family's company.
Asian billionaires with "hockey roots" are rare. For every Charles Wang, Steven Chen (Youtube) and Jerry Yang (Yahoo!), there's 20-30 Jack Ma (Alibaba), Terry Kuo (Foxconn), and Wang Jianlin (Wanda).
Yes, you may not recognize those three latter brands because they're all based in Asia.
Aphid Attraction
Registered User
- Jan 17, 2013
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Hansen
tyler motte simp
Aquilinis are good owners for the most part. Focused on providing a solid environment for the players while letting the team play at the cap. Dont like that theyve been trying to run the show themselves from behind the scenes though.
Paul Allen is a pipe dream but I wouldnt be surprised to see him involved in a Seattle NHL team in the next couple years
Paul Allen is a pipe dream but I wouldnt be surprised to see him involved in a Seattle NHL team in the next couple years
I don't think $750m is too far fetched. That figure also includes the value of the arena, buildings, and land.
me2
Go ahead foot
These figures get inflated by forbes and others based off question numbers and well the fact owners overpay for sports teams based on a combination of fandom and team value increases more than revenue/profit.
Wilch
Unregistered User
- Mar 29, 2010
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Where was there any kind of generalization?
Typically, a valuation looks at future profits (before taxes and depreciation) as the pricing variable. In most cases, you look at a projected earnings and multiple it by a factor that varies among industries.
It's tough to value sports organizations because they don't release their financials.
But if they value the Canucks at $750mn, my guess is their total earnings before taxes and depreciation for the last 6~7 years is between $90mn~$120mn. After taxes and depreciation you're probably looking at $30mn~$50mn, which is a pretty fair estimate for a successful franchise.
Here's an interesting fact, Charles Wang is the owner of CA Technologies, and their net income after taxes in 2013 is $955mn. So these hockey franchises are literally peanuts compared to listed corporations in the States.
The Aquilinis probably pocketed a good $150~200mn through the Gillis era (2008-2014). Solid return on investment.
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