Ownership Cluster**** Thread: NHL and GJ, Put Up or Shut Up!
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09-30-2012, 09:24 PM
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Join Date: Aug 2009
Location: Orbiting HFBoards
Originally Posted by
Why would Jamison even contemplate buying the arena? He has a deal that would pay him $325 million to manage the arena, and he still gets to keep virtually all of the revenue. You don't buy the dairy cow if you can get the milk for free, and you certainly don't buy the cow if you are being offered exorbitant amounts to milk someone else's cow, while keeping all the milk for yourself.
Because if the city does end up in a Chapter 9 BK he may not see all the $325 million.
Remember Whilleee... more everyone on the BOH board has been opining since the beginning that BKs will get you out of everything.
But owning the building on top of the team adds a ton of value.
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