View Single Post
07-03-2009, 11:23 PM
Sedins off Kas
Join Date: Oct 2006
Country: Canada
Posts: 6,347
vCash: 796
Originally Posted by LostMyGlasses View Post
No the facts do not support your position because you are relying on one hell of an assumption, that the Canucks are worth 20% less than the Habs in a down market.
Forbes had Canucks worth $98M less than the Habs (I believe their valuation excludes real estate)at the time, that would put the Canucks worth $527M if the real estate is worth the same. Sure Vancouver real estate is in the dumps but I doubt its worth less than Montreal.

If you value the building and land at $200M and you take it out of the Montreal transaction, it means the Molson's bought the team for $427M. If Canucks are worth 70% of that (based on Forbes %), that means Canucks would be worth $300M. + the real estate = $500M. If you put the real estate at $150M, Habs are worth $477M and Canucks are worth $334M + $150M for land and building = $484M.

Did I miss something?

Outside99* is offline