If the NHL is so healthy...

Discussion in 'Fugu's Business of Hockey Forum' started by OpinionatedMike, Oct 2, 2004.

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  1. OpinionatedMike

    OpinionatedMike Registered User

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    Why don't the NHLPA buy an NHL team...Heck the Thrashers were available for only a few million. (reports are 20-50)

    Then the NHLPA can run a team the right way, or do they NOT do this, because right now the NHL is a bad investment.
     
  2. Dave is a killer

    Dave is a killer Dave's a Mess

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    welcome to the dark side my friend... hehehe
     
  3. Dr Love

    Dr Love Registered User

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    I don't recall it being that cheap, but the Thrashers were sold in conjuction with the Hawks and Philips Arena... it was an all or nothing deal.
     
  4. cws

    cws ...in the drink

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    It was all or nothing. AOL/TW needed to dump what they deemed "non-core" assets to help with their massive debt. I've had issue with some of the numbers that Forbes comes up with from time to time (not just regarding sports teams), but the valuation of a franchise is a best guess estimate given the information that they have, which is quite extensive. It's always different when it actually come to selling that team to someone.

    The quoted price was $204M for the Hawks and $134M for the Thrashers, add in the operating rights for Philips Arena. The $250M deal reached for this package makes it look as though the Thrashers were acquired cheaply. But you're right, that wasn't really the case. The valuations were based on paper, for the most part. Not truly indicitative of the value given AOL's situation and the market conditions at the time.

    But again, this is part of the problem we have on this particular board. Too many people are of the mindset "a+b=c". Linear thinking if you will. I haven't been in the game for that many years, but I never remember it working anything like that.
     
  5. shveik

    shveik Registered User

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    Do the words "conflict of interest" mean anything to you? The NHL had to give Mario special permission to play for his team, can you imagine when all the players in the league have financial stake in success of one of its teams? :shakehead
     
  6. mr gib

    mr gib Registered User

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    pro owner doods just don't get it
     
  7. cws

    cws ...in the drink

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    And I guess you don't get the fact that the "us vs. them" mentality actually has nothing to do with the issue we're discussing. Some people get it in their head that blame must be given and that we should choose sides, believing too much of what you read in the media I suppose. All that does in reality is lead to biased comments, ones that hold no validity whatsoever.

    But it's always in one ear, out the other. Seems that way at least.
     
  8. mr gib

    mr gib Registered User

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    oh yeah - thrasher fan - here in vancouver we have access to the players - personally i don't read the paper - what was the discussion? - nhlpa buying a team - sad state of the game - blurbing out numbers that you read in the media released by the - owner's - p u -

    incidentally gretz in phoenix - a player - was gonna turn a 15 mil profit this year -
     
  9. BLONG7

    BLONG7 Registered User

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    #99 said in an interview, that the Yotes lost alot of money in the last couple of years...
     
  10. mr gib

    mr gib Registered User

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    cause of the building - now that they own all the revenue streams this year there was a projected 15 mill profit - look at who they signed -
     
  11. cws

    cws ...in the drink

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    Not that it's actually germane to the topic, but I am a Thrasher fan. Been a die-hard fan since I was a little kid, and a six-year old kid that had to watch one team move away in '79 and not understand why. So I went two decades rooting for other teams hundreds of miles, but you know that doesn't compare to your home-town team. One you can actually connect with. But finally a 20 year wish was granted when the Thrashers came to town.

    That's the emotional side, one which makes me appreciate this sport more than those who have been around it all their lives. They may take it for granted at times, I certainly never will. The business side can see that yes, the expansion was too fast. But it is in the "non-traditional" markets where it will grow if given time. Too many people think that growth should happen in a handful of years, when it takes close to a generation in reality. Given time, the NHL will reap the benefits of the extra exposure. (I like going off on tangents as well, I'm just a bit more long-winded).

    Just part of why I post what I do. Probably won't make any difference and from the look of it, somewhat confusingly off-topic. But what the hell.
     
  12. mr gib

    mr gib Registered User

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    - i feel for ya bra - i admire you for your passion - it's our religon up here -

    cheers - i hope it all ends soon -
     
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