Forbes 2010 Business of Hockey rankings
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12-02-2010, 06:03 AM
Money making machine
Join Date: Jul 2010
Originally Posted by
It's absolutely hilarious to me that they gauge the worth of the Thrashers at a mere one million more than the lowly Coyotes.
Everyone should go back and read ALL the Coyotes Bankruptcy threads....after reading ALL of them in their entirety....realize that.....
the Thrashers are valued to be worth ONE MILLION more than that franchise.
I mean Forbes....say what you want...they aren't idiots. They figure the Coyotes lose about $20M a year....and the Thrashers lose about $8M a year. And they STILL figure the Thrashers are only worth a million more than the Coyotes.
That's GOTTA hurt.
Again....say what you will about the Forbes people....they deal with business and numbers....no emotions. And this is what they came up with......even if you think they are all high on shrooms and don't know their head from a pillow..it's still must sting a bit to the folks in Atlanta.
No, what's funny is that the Coyotes valuation is $60 mm less than the contemplated purchase price. Of course, that purchase price comes with ancillary revenue and possibly some sort of guarantee. Considering the revenue is possibly $25 / yr for five years though, either the team or the revenue is getting a huge haircut.
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