Karmanos to form "Investor Group"

Discussion in 'Fugu's Business of Hockey Forum' started by Finlandia WOAT, Feb 15, 2011.

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  1. Finlandia WOAT

    Finlandia WOAT Bench Constance Garnett

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  2. pegcity

    pegcity Registered User

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    240 million seems a bit high
     
  3. Finlandia WOAT

    Finlandia WOAT Bench Constance Garnett

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    It's way too high.


    The Sabres were sold for around 150 million just recently IIRC. And Phoenix was purchased by the NHL for a similar amount.


    Now, I hate the Sabres, but I will be an NHL player before the Hurricanes' are worth nearly 100 million more than the Sabres.
     
  4. LadyStanley

    LadyStanley RIP Fugu

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  5. Dado

    Dado Guest

    20 investors at $2M a pop for 30% puts the valuation at under $140M.
     
  6. tarheelhockey

    tarheelhockey Highest Boss

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    The $240 million figure was used to calculate ownership percentages, so it's most likely not a "book" value by any means.

    Karmanos recently told the same reporter that the team's value "starts with a 2", but of course he would say that in the middle of a pitch to new investors.

    Just as the Forbes numbers are almost meaningless, so are the estimates of the guy looking to sell shares.
     
  7. CGG

    CGG Registered User

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    When did the Hurricanes move to Southern Ontario?
     

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