Longest running ownership of one franchise and possible profit

[alko]

Karmanos, his Compuware partner Thewes and former player Jim Rutherford purchased the Hartford Whalers in 1994, for $47.5 million. Karmanos then sold the voting rights (majority of Carolina Hurricanes) for 420 millions.

Question is, if Karmanos really made a profit? Because in all this years he had to pay players, coaches, for the infrastructure ....

And who else buyed team in 90s (80s) and is still an owner?

Click to read more...

 

[BigBadBruins7708]

Jeremy Jacobs is the longest running principal owner (1975)

Jacobs paid $10 million for the Bruins...they are now worth $890 Million

The Wirtz family has owned the Blackhawks since 1966

 

[Dr Pepper]

Jeremy Jacobs is the longest running principal owner (1975)

Jacobs paid $10 million for the Bruins...they are now worth $890 billion

The Wirtz family has owned the Blackhawks since 1966

Damn, what a return on investment!

 

[Dr Pepper]

List of NHL franchise owners - Wikipedia

I just realized how few Canadian owners there are in the NHL.

Every Canadian team has a Canadian owner......as well as Dallas.

EDIT: And Pittsburgh...sort of.

 

[BigBadBruins7708]

Damn, what a return on investment!

haha, must've been tapping into Jacob's fantasies....

that should be 890 million with an M

 

[tarheelhockey]

Karmanos, his Compuware partner Thewes and former player Jim Rutherford purchased the Hartford Whalers in 1994, for $47.5 million. Karmanos then sold the voting rights (majority of Carolina Hurricanes) for 420 millions.

Question is, if Karmanos really made a profit? Because in all this years he had to pay players, coaches, for the infrastructure ....

And who else buyed team in 90s (80s) and is still an owner?

$372.5 million is a hell of a return on his initial investment, and he still owns a good chunk of the team. I have a hard time believing he's lost that much money on operations, especially when you consider he makes money on every other event and not just Hurricanes games.

 

[Fenway]

Jeremy Jacobs is the longest running principal owner (1975)

Jacobs paid $10 million for the Bruins...they are now worth $890 Million

The Wirtz family has owned the Blackhawks since 1966

Jacobs actually only paid $2 Million is cash as the other $8 million was a paper transaction that allowed Storer Broadcasting who sold the team to Jacbos to keep TV rights for 10 years.

Also as part of that $10 million he bought Boston Garden and of course the concessions.

When you factor in that he owns the team and 20% of NESN, that the family company owns the arena and the new development he has done very well.

 

[rfournier103]

Jacobs actually only paid $2 Million is cash as the other $8 million was a paper transaction that allowed Storer Broadcasting who sold the team to Jacbos to keep TV rights for 10 years.

Also as part of that $10 million he bought Boston Garden and of course the concessions.

When you factor in that he owns the team and 20% of NESN, that the family company owns the arena and the new development he has done very well.

My thoughts on Jeremy Jacobs are well known, but I will concede that he has brought a stability and security to the Bruins that few other teams enjoy.

 

[Jets4Life]

Jeremy Jacobs is the longest running principal owner (1975)

Jacobs paid $10 million for the Bruins...they are now worth $890 Million

The Wirtz family has owned the Blackhawks since 1966

If only Wirtz and Eagleson had not conspired to withhold the Bruins offer (18.5% ownership of the franchise), Bobby Orr would be a very rich man, instead of going broke in the early 80s thanks to Eagleson scamming him.

Bobby Orr's share of the Bruins would have been worth $160.2 million today.

 

[StreetHawk]

Karmanos, his Compuware partner Thewes and former player Jim Rutherford purchased the Hartford Whalers in 1994, for $47.5 million. Karmanos then sold the voting rights (majority of Carolina Hurricanes) for 420 millions.

Question is, if Karmanos really made a profit? Because in all this years he had to pay players, coaches, for the infrastructure ....

And who else buyed team in 90s (80s) and is still an owner?

$420 million was the valuation of the franchise as a whole. Who knows the exact breakdown of the sale. Dundon bought the majority stake. Then there’s assuming the debt of the franchise as wel.

Plus whatever PK has earned or lost from yearly operations.

And the time value of money.