- Oct 26, 2006
- 18,654
- 11,714
Leblanc: Coyotes losses in year 1 = $16.6 million
- Thread starter The Feckless Puck
- Start date
- Oct 26, 2006
- 18,654
- 11,714
- Oct 26, 2006
- 18,654
- 11,714
Weird that they 'haven't talked about it', considering they're now within spitting distance of being able to activate it.
CC96
Serious Offender
I don't get it, is LeBlanc trying to drive away the few hardcore fans and STH's left, so they can lose even more money. I mean after hearing this, there's pretty much no chance I'll renew in 2016, after I graduate. That is, unless we get McJesus.
- Oct 26, 2006
- 18,654
- 11,714
He seems to think that by saying the models predicted just under $4 million more in losses that it's a sign for optimism.
For my part? I'm already paid through next year; but I'll be looking with great interest at how Maloney spends his summer.
CC96
Serious Offender
It's also cool to know that Maloney may have literally destroyed the franchise by slipping on banana peels like a circus clown, at every single step of the Ribeiro fiasco.
CC96
Serious Offender
Let's hope so man. I mean, if it was actually disasterous, they aren't stupid enough to talk about it publicly, are they? ARE THEY?!
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I don't care how many times he says that. Until the out-clause is removed or the 5 years pass the clause will always loom over the franchise.
Perhaps this is the Bat Signal to Uncle Gary to deliver us Saint Connor 
In any event, I'm not worried about the out clause. Anthony LeBlanc doesn't spend 4 years trying to buy this team only to relocate it. Nor does Barroway invest the amount of money he did. From the beginning, LeBlanc and Gosbee have projected profitability by Year 3.
In any event, I'm not worried about the out clause. Anthony LeBlanc doesn't spend 4 years trying to buy this team only to relocate it. Nor does Barroway invest the amount of money he did. From the beginning, LeBlanc and Gosbee have projected profitability by Year 3.
The ability to use the out clause and limit their losses is actually a big part of why they bought the team.
Perhaps this is the Bat Signal to Uncle Gary to deliver us Saint Connor
In any event, I'm not worried about the out clause. Anthony LeBlanc doesn't spend 4 years trying to buy this team only to relocate it. Nor does Barroway invest the amount of money he did. From the beginning, LeBlanc and Gosbee have projected profitability by Year 3.
Thank you, finally someone who doesn't panic.
I'm in the same boat as Feckless, having already renewed for next year before this year started, but my position is now:
Either
1) We were always going to be moved, and there's not much I can do about it. ("Out clause!")
or
2) We were always going to stay, and there's not much they can do about it. ("they" being those who would have us move)...("Why would Barroway/LeBlanc/whoever do xyz if we're moving?")
...and furthermore...
3) We won't really know 1 or 2 until summer of 2018 (which means "they" won't shut up about it until then, and then they'll likely still not shut up about it).
Either
1) We were always going to be moved, and there's not much I can do about it. ("Out clause!")
or
2) We were always going to stay, and there's not much they can do about it. ("they" being those who would have us move)...("Why would Barroway/LeBlanc/whoever do xyz if we're moving?")
...and furthermore...
3) We won't really know 1 or 2 until summer of 2018 (which means "they" won't shut up about it until then, and then they'll likely still not shut up about it).
- Oct 26, 2006
- 18,654
- 11,714
I don't see anybody panicking. I just see people facing some rather harsh realities.
Tom Polakis
Next expansion
They had mostly shut up about it, but news like this is the kind of fodder that produces another dozen pages of BofH circle jerk discussion.
ParisSaintGermain
Registered User
- Jan 19, 2004
- 5,421
- 1,734
To me, it seems that the quickest way to profitability is to get McEichel.
This was totally in their control, they just had to order Maloney to trade key players in December. The team would have finished dead last this season, with guarantee of a pick at number 2 at worst.
They did not do that so now a lot hangs on a lottery draw.
I could possibly understand this if there were some young players to nurture and develop in the team this season and they wanted to keep some experienced guys to help that. But the young guys are in Portland or playing limited minutes.
What is on the ice right now can be replaced almost completely next year. Maybe 5 or 6 guys on the whole roster could feature on a playoff team in the future. The rest is more or less waiver worthy.
So why did not they take the safest way to succeed by sacrificing this year much earlier? I just don't get it.
This was totally in their control, they just had to order Maloney to trade key players in December. The team would have finished dead last this season, with guarantee of a pick at number 2 at worst.
They did not do that so now a lot hangs on a lottery draw.
I could possibly understand this if there were some young players to nurture and develop in the team this season and they wanted to keep some experienced guys to help that. But the young guys are in Portland or playing limited minutes.
What is on the ice right now can be replaced almost completely next year. Maybe 5 or 6 guys on the whole roster could feature on a playoff team in the future. The rest is more or less waiver worthy.
So why did not they take the safest way to succeed by sacrificing this year much earlier? I just don't get it.
CC96
Serious Offender
Yeah. Fire Maloney's dumbass. Because of his and Tippett's mental Pejorative Sluration, we got a nice, clean extra $10 million slapped on the losses from last year.
How is the out clause written up - it must be based on operating loss, no?
Anything else would be open to outright manipulation.
Anything else would be open to outright manipulation.
Ribeiro's buyout should be prorated per year not a lump sum and should skip the first year because it didn't start to pay out until the start of year 2. Yes I know the lump sum is in escrow but that doesn't matter.
Year 1) $16.6M + $7.8M acquisition cost (kind of lame they count acquisition cost but whatever)
Year 2) ~$12M* + $1.94M Ribeiro buyout
Year 3) ~$11M + $1.44M Ribeiro buyout
Year 4) ~$10M + $1.44M Ribeiro buyout - $10M Las Vegas expansion fee
Year 5) ~$9M + $1.94M Ribeiro buyout
Year 6) ?? + $1.94M Ribeiro buyout
Year 7) ?? + $1.94M Ribeiro buyout
Total after 5 years is about $73 million-$10 million Las Vegas expansion money = $63 million
*A number substantially less than $16.6M according to LeBlanc
Year 1) $16.6M + $7.8M acquisition cost (kind of lame they count acquisition cost but whatever)
Year 2) ~$12M* + $1.94M Ribeiro buyout
Year 3) ~$11M + $1.44M Ribeiro buyout
Year 4) ~$10M + $1.44M Ribeiro buyout - $10M Las Vegas expansion fee
Year 5) ~$9M + $1.94M Ribeiro buyout
Year 6) ?? + $1.94M Ribeiro buyout
Year 7) ?? + $1.94M Ribeiro buyout
Total after 5 years is about $73 million-$10 million Las Vegas expansion money = $63 million
*A number substantially less than $16.6M according to LeBlanc
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