C77
Registered User
Well the NHL has managed to milk this baby through 70 games....People are still going to the games but it seems like the only question is when will Phoenix fans get hit by the sucker punch?
There is a business model that can work.[\quote]
I havent seen one proposed that goes beyond "hire good management". Given there are 29 other teams trying to do the same, I don't consider that a plan, I consider it a prayer.
In a league of this size, a market has to be able to withstand a decade of suckage, or it's only a matter of time before the economic realities catch up to it. IMO Phoenix (along with a number of others) is not such a market.
Now, if you could convince the Habsburgs and Leafs to chip in a third of their local revenues for sharing with everyone else, then we might have something, but good luck with argument!
Sorry to interrupt, but does anyone know where I can hear the interview if I wanted to listen to it now? Is it possible?
It's not as simple as eliminating all the marginal markets.
Actually, those figures are pretty consistent as a range regardless of P&L. I know, I know, it seems weird to me too, but that is how it is done in that industry.
There is nothing wrong with the purchase price of the arena after 5 years (as determined by a fair market evaluation, up to $130M, which i expect is pretty close to the UCC at that point).
The arena management fee is equal to costs expended by Hulsizer. THat is fair market value by definition
I had thought I had a few cases to show as example that had equated a lower multiplier... but seems I was wrong in every instance. There ya go..
It also says "No less than $40 Million". It has given a range. I would agree that fair market would nestle in the $110 to $130 million. The range is too large by my calculations.
This isn't how most facility management deals work. In addition, the format to establish those costs allow for claim of Coyote expenses.
I didn't ignore the middle of your post... I just don't have any numbers on tax revenue the city currently receives on Westgate to offer an opinion for or against your assessment... so again.. there ya go..
There is a business model that can work.[\quote]
I havent seen one proposed that goes beyond "hire good management". Given there are 29 other teams trying to do the same, I don't consider that a plan, I consider it a prayer.
In a league of this size, a market has to be able to withstand a decade of suckage, or it's only a matter of time before the economic realities catch up to it. IMO Phoenix (along with a number of others) is not such a market.
Now, if you could convince the Habsburgs and Leafs to chip in a third of their local revenues for sharing with everyone else, then we might have something, but good luck with argument!
I havent seen one proposed that goes beyond "hire good management". Given there are 29 other teams trying to do the same, I don't consider that a plan, I consider it a prayer.
In a league of this size, a market has to be able to withstand a decade of suckage, or it's only a matter of time before the economic realities catch up to it. IMO Phoenix (along with a number of others) is not such a market.
Now, if you could convince the Habsburgs and Leafs to chip in a third of their local revenues for sharing with everyone else, then we might have something, but good luck with argument!
They don't make revenues any more...
It was a joke... Habsburgs...Habs...Les Habitant...Montreal Canadiens...
Too funny the parking lot may be worth more than the arena
The plan would take 5-7 years to see full return. You need an owner with deep pockets to ride out the losses.
I agree. Personally I would like the free market to sort out the winners and losers on its own - small markets with great management and rabid fans should not be automatically excluded, just as markets with crap ownership should not be automatically included just because they're "big".
I agree. Personally I would like the free market to sort out the winners and losers on its own - small markets with great management and rabid fans should not be automatically excluded, just as markets with crap ownership should not be automatically included just because they're "big".
Moobles; said:In a free-market of competition I highly doubt teams in marginal, even relatively decent markets could survive.
He's not hemmorhaging sports franchise rich, otherwise he would have bought the team already, rather than waiting for handouts.Does Hulsizer have deep pockets? I understand he's pretty rich, but I don't know if he's hemorrhaging-sports-franchise rich.
Hopefully the team can find a way to stay put. If not...
Plan B?
That's not how promotion and relegation works. Unless the NHL innovated its own unique system, a classical 'hockey' pyramid of promotion and relegation would include eliminating the draft. In every single promotion and relegation system in the world you have somewhere between 1-4 "big" markets in BIG cities with LOTS of money dominating the league, simply because:
(1) They have the funds to create sports academies for up and coming players.
(2) They have the funds to purchase players and outbid contenders outside the 'big four' (or three or five) from lower clubs.
(3) Because they simply have a larger potential client base, more purchasing power, more revenue, etc.
In a free-market of competition I highly doubt teams in marginal, even relatively decent markets could survive. Even with incompetent management in the big clubs, if you opened the floor under struggling teams all big market management would have to do is buy them. It'd be like the late '90s/early '00s on a much bigger scale. If that still sounds appealing (and on some levels even to me it does) then my fear mongering's just that.
Personally I prefer the NFL and NHL's model of established teams in many markets for a number of reasons (historically appealing, stability is nice, knowing there's always next year). There are many other models of incentives that can be used to punish teams that year-after-year refuse to adapt or manage them poorly.
Does Hulsizer have deep pockets? I understand he's pretty rich, but I don't know if he's hemorrhaging-sports-franchise rich.
At 7:26, Darcy Olsen say the league would accept one of the offers from Canada.
Maybe there are 2 or more offers for the Coyotes?
Worth around 300 million.
At 7:26, Darcy Olsen say the league would accept one of the offers from Canada.
Maybe there are 2 or more offers for the Coyotes?