NJ Devils for sale (mod: Brick City minority interest)

Discussion in 'Fugu's Business of Hockey Forum' started by Jaysfanatic*, Feb 1, 2011.

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  1. Jaysfanatic*

    Jaysfanatic* Guest

    wyshynski Greg Wyshynski
    Via Lepore and OMG. RT @MicheleSteele NHL's Devils for sale - Devils owner Vanderbeek has hired Moag & Co to oversee sale
     
  2. Mooslan

    Mooslan Registered User

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    Imagine that, a team with no attendance is being sold.
     
    Last edited: Feb 1, 2011
  3. LadyStanley

    LadyStanley RIP Fugu

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    Steele is Bloomberg reporter.

    Original (unedited) tweet: BREAKING: NHL's Devils for sale - person familiar tells Bberg News Devils owner Vanderbeek has hired Moag & Co to oversee sale

    No stories yet.
     
  4. Dave is a killer

    Dave is a killer Dave's a Mess

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    really ?
     
  5. Jaysfanatic*

    Jaysfanatic* Guest

    Their attendance figures are just fine this year.
     
  6. AllByDesign

    AllByDesign Who's this ABD guy??

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    They have been reportedly profitable for 3 consecutive years, and valuation pegged at 218 mill. At first glance it appears as if it should be an easy task to sell the team. How many teams for sale now?
     
  7. GM17*

    GM17* Guest

    NJ's arena has a lower capacity which leads to misleading ideas about their attendance. It's not great, but it's far from poor.
     
  8. azrok22

    azrok22 Registered User

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    Shame the credit market is rather weak at the moment.

    Kovalchuk could've potentially purchased the team.
     
  9. LadyStanley

    LadyStanley RIP Fugu

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  10. BrodeursCups

    BrodeursCups ....

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    Absolute gold coming from a Pens fan whose team bottomed out at 11.5k per game when they were rotting in the basement and stockpiling top-5 picks.

    Be careful in that glass house of yours..
     
  11. Agalloch

    Agalloch EliteProspects

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    Atlanta, Dallas, New Jersey & Phoenix.
     
  12. Reaper45

    Reaper45 Registered User

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    Isn't St. Louis as well?
     
  13. Ward Cornell

    Ward Cornell Registered User

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    Since the timing is appropriate I'll paraphrase Yogi Berra...."It's Groundhog Day all over again!"

    Gary Bettman will announce shortly: "Another team for sale just means that there's a HUGE demand for teams
    and it doesn't mean that the present owners are trying to dump'em"
     
  14. Agalloch

    Agalloch EliteProspects

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    Maybe. I'm not sure if it's a part or majority of the team.
     
  15. RAgIn

    RAgIn Registered User

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  16. BrodeurRULES

    BrodeurRULES RIP Lokomotiv

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    It happens but the Devils aren't leaving NJ and will still be successful.
     
  17. azrok22

    azrok22 Registered User

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  18. macavoy

    macavoy Registered User

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    NJ is one of the teams that I would actually buy. THey will be sold before Atlanta, Phoenix, NYI and all of the ohters imo.
     
  19. LadyStanley

    LadyStanley RIP Fugu

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    FWIW, by my count, there are nine (US) NHL teams for sale (wholly or partially).
     
  20. Shady Machine

    Shady Machine Registered User

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    What are you doing on HFboards if you're a multi-millionaire jk
     
  21. AllByDesign

    AllByDesign Who's this ABD guy??

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    Thanks LS... Only closing in on a third of the league for sale... :shakehead
     
  22. Fire Sweeney

    Fire Sweeney Registered User

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    Asking price is 450 millions. Good luck with that.
     
  23. azrok22

    azrok22 Registered User

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    American? :laugh:
     
  24. MoreOrr

    MoreOrr B4

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    So someone tell me... Is this a buyers market or a sellers market for NHL teams?

    :amazed: Soon it will be half the teams that have been on the market since the Lockout. Why are so many owners looking to get out? Do they see a bad future ahead, or have they already lost too much, or have they already made money and want to walk away, or have many of them been struggling in their other business ventures and can no longer afford to be sports franchise owners?
     
    Last edited: Feb 1, 2011
  25. Fugu

    Fugu Guest


    I was about to quip, "Good show on Vanderbeek after saddling the franchise with a 15 yr, $100m contract (or whatever the final figure turned out to be). Seeing how it's front-loaded after the first two years...... no wonder he wants out. :) [$6m first two yrs, then $11m+ for the next six....]




    Why not list them since someone will ask. (And you can link to your nifty chart in the data thread.)
    :)
     

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