sawchuk1971
Registered User
- Jun 16, 2011
- 1,489
- 498
sure, but it is also reflected in the official entry fee to Seattle as stated by the NHL. meh, this has been going on for years and the league further solidified its stupid and unrealistic view of franchise valuation when it allowed the Coyotes to be insanely valuated at $305M while playing those dubious accounting tricks a couple years ago.yes.
But that is the forbes average
Agreed.sure, but it is also reflected in the official entry fee to Seattle as stated by the NHL. meh, this has been going on for years and the league further solidified its stupid and unrealistic view of franchise valuation when it allowed the Coyotes to be insanely valuated at $305M while playing those dubious accounting tricks a couple years ago.
Value is dependent on each market.It’s worth what someone is willing to pay for it. The Clippers were worth no where near 2 billion but someone was willing to pay that much and all others were inflated fro that point on. The NBA found someone dumb enough to save the egg on their face after the owner said stupid things.
Your post is the first time I've ever seen this arrangement mentioned. I'd really love to see something saying this is the case.One thing needs to be mentioned
My understanding is for their first 4 years (it might have changed) but the Knights get to keep ALL their merchandising and not split it with the other teams. I imagine Seattle will be the same--the numbers for merchandising from Vegas has been wild
Yes, all expansion fees are generally foolish and unrealistic. Always have been.
If there is no shortage of suitors willing to pay then it is not foolish or unrealistic.
Yes, all expansion fees are generally foolish and unrealistic. Always have been.
Take for example how the Gund brothers sold the North Stars to Howard Baldwin and Morris Belzberg for $31.5 million in May of 1990 (and Norm Green bought the team from them shortly thereafter for the same).
The Senators and Lightning expansion, awarded only seven months later, was $50 million apiece.
In 2011 Mark Chipman and David Thomson bought the Thrashers for $170 million ($110 million + $60 million "relocation fee"). In 2013 Josh Harris bought the Devils for $320 million. In 2016 Bill Foley paid a $500 million expansion fee for Las Vegas. Two years later David Bonderman and Jerry Bruckheimer pay $650 million for Seattle...?
Good lord, that's like two hot takes with no evidence all wrapped up into a solid three sentences.Economy growing is a meme. It's been stagnant and in need of a MAJOR correction. Professional sports in an era where TV is going the way of the dinosaur is as fantasy as Santa Claus himself.
I'll explain in two words. f***ing. Millenials.Good lord, that's like two hot takes with no evidence all wrapped up into a solid three sentences.
Care to expand?
That tends to be the way it goes. The new money sees the opportunity, the old money comes in and takes over when the new money loses their wealth playing the old money's game.When about half the guys who have paid expansion fees had to bail out within a few years, yeah, generally I'd say they were pretty foolish. The guys who step in and buy the distressed asset tend to be the ones making out like bandits.
They seem to like entertainment on demand, which kills TV shows since you can watch them whenever you want. However, since everyone's on twitter all the time, you need to watch sports live to not get it spoiled. That's a huge part of the reason sports broadcast rights are going up in value like they are. Can't skip commercials when you're watching live.I'll explain in two words. ****ing. Millenials.