Tinalera
Registered User
I think TL is a she.
I consider myself androgynous (and no I'm not Emo )
I think TL is a she.
Hey htpwn, do you think an American will buy it? I do. As for shaw, I only think they were approached within the last week.The Globe and Mail has been reporting for a while now that Rogers is not interested.
http://www.theglobeandmail.com/spor...nterested-in-mlse-source-says/article1972617/
As for Bell, Shaw, etc., Simmons' article is the first I've seen of it.
Hey htpwn, do you think an American will buy it? I do. As for shaw, I only think they were approached within the last week.
Maybe a corp look to get into sports. Macy's? Lord and Taylor(the bay?)It is a possibility, but I certainly couldn't name anyone who might be interested.
From the Forbes' SportsMoney blog:
http://blogs.forbes.com/mikeozanian...-sale-of-maple-leaf-sports-and-entertainment/The second is relocation. There a good possibility that Phoenix Coyotes or another struggling NHL team could be bought by Research In Motion CEO Jim Balsillie and relocate to Hamilton, in which case the billionaire would have to pay a territorial rights fee to the Toronto Maple Leafs. The timing and amount of that payment is making the sale of MLS&E more complicated because Ontario Teachers’ does not leave $60 million or so on the table.
Is this his own conjecture/speculation or is there smoke somewhere? Heck, if MTS Center can be an NHL arena..... why not Copps?
With Oznian Ive noticed it generally is, and Im not big on ripping into the media. But this guy?. Yikes. Like the leagues going to pull a 180 & forgive & forget Jim Balsillie, wind up selling him the Coyotes after all theyve' been through to keep it out of his hands & out of Hamilton?. What does "the Teachers Pension Fund wont leave $60M on the table" mean?. Obviously the guys confused. TNSE pays a $60M relo fee to the league & Oznian figures thats what Balsillie would pay and instead of it going to the NHL it goes to MLSE plus the indemnification fee's, whatever they might be. Alrighty then. With much of Balsillies wealth tied up in RIM, and sure he could have squirreled away close to $2B, is he in a position to even commit at this time even IF the league decided to go ahead?...... The only thing in his article (and as speculated by many here) that does make any sense is the Teachers Pension Fund agreeing to a team in Hamilton in order to cash a big fat cheque before they sell-out, though what that might do to turn off any potential suitors for the Leafs etc is questionable.
Actually, in recent times he seems to have been fairly accurate. You forget the big difference with TNSE moving to a new city vs a team relocating into Leafs' territory. The latter would get a nice chunk of change ~alone~...
.... And no, Im not forgetting for a second the hefty indemnities MLSE will be looking for should a team be relo'd to Hamilton or anywhere else within, near or bordering on its territorial claims. And I guess we can ditto that, though somewhat lighter in looking the other way towards Buffalo.
Keep in mind that it is the league that determines the amount of any indemnification fee, the same league that currently owns the team Ozanian is talking about.
Keep in mind that it is the league that determines the amount of any indemnification fee....
I thought it was a **negotiated** price of any such territory indemnification fee between the "new" team and the effected team(s). AIUI, the league has no input on the setting of the amount.
I'm not sure about that, and could very well be mistaken.I've been operating under the same understanding as LadyStanleys' HT.
I'm not sure about that, and could very well be mistaken.
Keep in mind that it is the league that determines the amount of any indemnification fee, the same league that currently owns the team Ozanian is talking about.
I thought it was a **negotiated** price of any such territory indemnification fee between the "new" team and the effected team(s). AIUI, the league has no input on the setting of the amount.
"For (Teachers) it’s a very large percentage of their portfolio because the value is so big," said one Bay Street veteran with insight into the business. "But it’s awfully ill-liquid. It’s a hard property to sell at the right price."
"It’s between the shareholders and Teachers and (investment bankers) Morgan Stanley," Peddie said. "It’s a real sensitive time. They’re still exploring the sale, it’s not dead at all but it’s a big number and a complex deal with lots of approvals that will ultimately be necessary and that will involve people well above my pay grade."
The possibility remains that the business stays in the hands of the Teachers for longer than expected. Given that it generates a reported $100 million in profits on revenues of $500 million, they’re in no rush.
"They’re the farthest thing from a distressed seller," said the investment banker.
Brief update on the sale of MLSE, per Michael Grange of Sportsnet:
http://www.sportsnet.ca/hockey/2011/09/27/grange_mlse_sale/
EDIT: Mods, in the past articles have been broken up into separate threads. Given the relatively slow pace of articles being printed and the limited (often repetitive) content they provide, can we just make one mega thread for this sale (similar to the Blues sale, Quebecor's arena situation, etc.)?
I hate mega threads. Given that this might move at the pace of glacier, perhaps.
Balsilie doesn't have the assets to buy MLSE.
Balsillie doesn't have the assets to do a whole lot of anything these days.
Even if it were true that he was looking to buy MLSE or if he was lacking funds.. It's a money maker.. And I'd doubt he would have trouble finding financial backers... Same applies if he wanted to buy some other team and put it in SO...
P.S. Killion I didn't bring up Saint Jimmy this time don't yell at me lol
Too big a market to give to a guy they don't exactly trust very much.
That's fine and all, but I was referring to the fact that he essentially tried to muscle his way into the NHL via Phoenix and that set off a lot of alarms inside the big boy circle of owners and executives. Even if he does get a team one day, it won't be Toronto. Too big a market to give to a guy they don't exactly trust very much.