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09-24-2004, 12:57 AM
cws the drink
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Originally Posted by thinkwild
And Bob, listening to Pierre say the Thrashers were sold for nothing. Come on Bob, you are great hockey mind and a good journalist. Look into it, im pretty sure you will find that that perception was an absolutley brilliant bit of deception. And then lets discuss why.
That statement was pretty close to the truth actually.

The numbers might fluctuate up or down a bit from the Forbes valuations and some of the terms included in the agreement between the new and old owners. But nothing materially different.

The sale was for $250M, it included; the Hawks, Thrashers and the operating rights to Philips Arena. At the time of the sale, the Hawks were valued at $204M and the Thrashers were valued at $134M. Don't have a clue what number could be put on the operating rights to Philips Arena, a decent but not overly large amount. The new owners made no bones that the Hawks were the team they were shooting for but since AOL wanted to sell the teams as a package, the ownership group thankfully included more hockey-minded investors from Washington.

A statement like that looks fairly facetious anyhow, probably not meant to be taken at face value. But the numbers come damn close to bearing it out regardless.

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