LOL that the "buying up debt" rumour is still getting play around here. C'mon guys, that's fantasy, it's like a rumour made up over beers after playing hockey with the boys. It's so far-fetched it's laughable.
My thinking is that Melnyk will sell but not yet, why would he? Seattle's entry price is rumoured to be $650 million, that boosts every franchise to almost this as the floor. Add onto that a new arena in a new complex downtown and we're talking some serious coin. So in 3 or 4 years Melnyk's team almost doubles in value from what it is now. The other rumoured investors know this too, obviously that's why there's interest. Also, financers know this too, so there won't be a problem getting financing, easy even.
I'm sure that's Melnyk's plan, so unless he is offered far more than the "present" market value he won't sell now. I think this also coincides with the plan to be a contender in 3-5 years, ready to make a statement downtown. But I also think that plan includes keeping Karlsson around to be part of it.