NJ Devils for sale (mod: Brick City minority interest)
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02-01-2011, 01:50 PM
Join Date: Feb 2010
Location: The Triangle
Originally Posted by
Soon it will be half the teams that have been on the market since the Lockout. Why are so many owners looking to get out? Do they see a bad future ahead, or have they already lost too much, or have they already made money and want to walk away, or have many of them been struggling in their other business ventures and can no longer afford to be sports franchise owners?
This goes back to the principle of needing to look "under the hood" at each individual franchise.
Sometimes it has to do with unrelated business issues -- such as those in Dallas (Hicks' bankruptcy), Nashville (Del Baggio's criminal tendencies), and Carolina (partner's death).
Sometimes it's just a matter of the owners divesting themselves of the investment -- Atlanta, Buffalo, Jersey.
And sometimes it's both -- Phoenix.
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