Gniwder
Registered User
No, the stuff I'm involved in is smaller by 3 or 4 orders of magnitude. No, I don't have any experience with huge deals like this, and I'm pulling this stuff out of my butt.
But the teams and the league are businesses and I'd be surprised if the usual rules of thumb for the valuation of businesses don't still apply to this. Sure, the market always sets the price; but those market actors generally have a rationally derived multiple in mind. When Musk bought Twitter I think the multiple was something like 7 or 8; even though he had motives for the purchase beyond profit, he wasn't going to pay twice that, and Twitter's shareholders wouldn't have accepted half as much as his offer.
Musk is a whole different animal, lol. Team valuation is strictly what an egomaniac billionaire wants to pay for that particular team. There's no open market for NHL teams. Keep in mind a lot of these owners paid a lot less than the numbers listed.
Do you think Ted Leonsis cares if the Caps are valued at $1B or $1.6B? He paid $85M for the team. Likewise at $1.16B, Mario's stupid rich now. The problem is, they gotta find someone with billions wanting to stoke his ego if they want to sell.