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-   -   Calgary Herald: REPORT: Hotchkiss to sell Flames shares (http://hfboards.hockeysfuture.com/showthread.php?t=849571)

StreakingRed 12-04-2010 09:58 PM

REPORT: Hotchkiss to sell Flames shares
 
Quote:

Although nothing official has been announced, word has leaked out that Harley Hotchkiss has asked the National Hockey League's board of governors to approve sale of his 22 per cent stake in the club to another member or other members of the existing ownership.

TSN reporter Darren Dreger said the sale is expected to be approved at next week's board of governors' meetings. There was no speculation as to which member of the current ownership group, or members, would be purchasing the share.

Quote:

The 83-year-old Hotchkiss, a noted humanitarian, has been quietly dealing with some health issues during the past year or so.

Read more: http://www.calgaryherald.com/Hotchki...#ixzz17CpwKerP

MarkGio 12-04-2010 10:29 PM

I made some comment in another thread that I'd sell my share if I was one of the owners... do you think that he read it?

Flames Fanatic 12-05-2010 02:02 AM

Quote:

Originally Posted by MarkGio (Post 29367004)
I made some comment in another thread that I'd sell my share if I was one of the owners... do you think that he read it?

No. Its that he's been having health issues and would rather pass on the money from the sale after his death than his shares. He's famous as a humanitarian so I imagine much of the proceeds will end up with charities.

GototheFlamestotheGo 12-05-2010 04:10 PM

Quote:

Originally Posted by Flames Fanatic (Post 29370645)
No. Its that he's been having health issues and would rather pass on the money from the sale after his death than his shares. He's famous as a humanitarian so I imagine much of the proceeds will end up with charities.

Unlikely that health issues is the only reason that he's selling his shares off. I think it would make much more sense from a business standpoint to sell his shares now rather than waiting. This team sure looks like it is heading down the rebuild road and the value of a franchise usually diminishes during playoff dry spells. Best to make the most of your shares now rather than later when they're worth less.

Harley's a really smart man and knowing that the team is declining, coupled with his health issues, it would indicate that this is the best time to sell of his shares.

Flames 1st pick 12-05-2010 04:36 PM

Quote:

Originally Posted by GototheFlamestotheGo (Post 29378870)

Harley's a really smart man and knowing that the team is declining, coupled with his health issues, it would indicate that this is the best time to sell of his shares.

Exactly

GoFlames 12-05-2010 06:02 PM

As we say in the world of mining juniors..... pump and dump lol.

StreakingRed 12-06-2010 02:16 PM

Hotchkiss selling shares but continuing role with Flames


Quote:

Although Harley Hotchkiss is reportedly selling his 22 per cent stake in the Calgary Flames, he is not stepping back from his role on the board of directors said Flames president Ken King.

"His role and responsibilities have not changed at all from the board's standpoint," said King. "He's still very much involved. He's a vital and full member of the group."

Quote:

ďThis team has been a big part of my life for 30 years, and will continue to be, but life changes," Hotchkiss said. "Iíll still go to the games, Iíll still have my seats. Iíll still be a fan and stay on in a directorís role. My day-to-day involvement with the team wonít change. I wouldnít want to be a part of something I couldnít contribute to. And I still want to do that, as long as Iím able."

Feel The Heat 12-06-2010 05:01 PM

Quote:

Sale of Harley Hotchkiss stake in Flames approved by NHL B of G.
Darren Dreger's Twitter


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