Brent Burns Beard
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- Feb 27, 2002
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lets all feel sorry for CRL .. one of the poster boys for "cost certainty"
source: http://www.forbes.com/forbes/2003/1208/nhl_26.html
- The Carolina Hurricanes are owned by Peter Karmanos Jr, who bought them in 1994 for $48 mil.
- Current Value $109 mil
- The team controls the lease to a new arena and sold the arena's naming rights to RBC Centura for $80 million
So, lets see, in 10 years his team has grown in value by a good 60m and 1 single contract netted the team 80m. Keep in mind, there is ZERO cost to the team to fulfill the obligations to RBC, other than to have a sign on the building.
Yup, those owners are hard done by, unless of course you dont believe Forbes. Forbes reputation surely carries as much weight as Levitts, no ?
Only a a few teams (can count on one hand) hasnt seen expontential franchise value growth.
DR
source: http://www.forbes.com/forbes/2003/1208/nhl_26.html
- The Carolina Hurricanes are owned by Peter Karmanos Jr, who bought them in 1994 for $48 mil.
- Current Value $109 mil
- The team controls the lease to a new arena and sold the arena's naming rights to RBC Centura for $80 million
So, lets see, in 10 years his team has grown in value by a good 60m and 1 single contract netted the team 80m. Keep in mind, there is ZERO cost to the team to fulfill the obligations to RBC, other than to have a sign on the building.
Yup, those owners are hard done by, unless of course you dont believe Forbes. Forbes reputation surely carries as much weight as Levitts, no ?
Only a a few teams (can count on one hand) hasnt seen expontential franchise value growth.
DR