Discussion in 'Fugu's Business of Hockey Forum' started by MiamiScreamingEagles, Nov 30, 2004.
The title says it all. Lengthy story.
Sure Why not. So a team went bankrupt. Big deal. You gotta get back on the horse. It doesnt matter a lot to these guys, they go bankrupt and then want to buy back in. Hey if you have the money and some ideas, go for it Howie.
Lengthy Story indeed
No mention this time of Kansas City, where the Anschutz Entertainment Group is investing $ 50 million in a new arena. Also, are David McDavid and Henry Samueli, who controls Arrowhead and is one of the wealthiest people in the world, still interested?
Baldwin must be sitting on a huge pile of cash after the success of his movie "Ray." It sounds to me like he is sitting in the catbird's seat now. A suddenly proven producer, he could leverage that into a movie distribution deal through Disney and maybe help them move The Mighty Ducks off their under-performing assets portfolio.
Just stay away from the Penguins.
there is no freaking way in hell he should be allowed back into the league
Baldwin is a large factor in the salary mess that the league is in now. What type of owner bids against himself for a player (besides possibly Steinbrenner)?
I remember hearing that when Gretzky went to L.A., McNall insisted he take more money than Gretzky asked for.
Baldwin went bankkrupt, but wants back in the league. If the Pens get a license to print money slots parlour, and ownership with money. They could be fine again. Even with a hard cap they would still be struggling and threatened to move. But if you were rich, how long would you be willing to write off nominal losses, while accumulating franchise value and waiting for an opportunity for a free $200mil rink, and possibly keep the slots license to attach to it and make a few hundred million more of unrelated to hockey revenue.
Pittsburgh is nota large market, has bought sporting facilities for three of its major franchises, is a city in financial distress, its possible they could lose their team the same way some NFL fans did. A decade later, they get the financing, a rich powner wants to buy in, another team is struggling for off ice ownership reasons, and a team like Quebec can be moved to Pittsburgh again where they flourish.
Salary caps arent entering into this equation.
But it does seem that besides Paul Allen in Portland, we now have Baldwin, and also the Pond operators all wanting teams, but no one wants to make a bid and drive up Disneys price. Maybe Disney will hold onto that team for 10 more years, just to get value out of it. But they wont be losing money because they need a salary cap.
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