Edmonton Journal: Why do billionaires keep buying teams that lose money?
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11-19-2012, 04:26 PM
Join Date: May 2012
Originally Posted by
Actually, most of the article focused on the ownership being profitable. The fact that you seem to have missed that is exactly my point.
When he fails to explain that AOC is separate from the Panthers, he isn't making any point at all. He dives from discussing owners and ownership into individual franchises right away, so he never really makes an accurate point about ownership being profitable. He never substantiated a claim about ownership, either the information isn't there and/or he used the information he had incorrectly.
If he focused on ownership, I would only pick apart his poor analysis and oversimplified and inaccurate conclusions as they apply to most franchises. When he fails to explain that AOC is separate from the Panthers, he isn't making any point at all. He dives from owners and ownership into individual franchises right away by saying teams and clubs, so he never really makes an accurate point about ownership being profitable.
He also never distinguishes how SSE fits into any other holdings of ownership and how a franchise is more of a gateway compared to AOC, established contracts with local government, or anything else. It's a point that never should have been made or implied.
You're making a point that is a separate argument the author never articulated. In his story, he's taking about SSE which existed as a package before the sale. He, like many writers want to take put the franchise and the center and project revenue generating arrows from it, but since it was already tied to other assets, it's a really tough leap to make, it's a much much tougher point to project onto other small or struggling NHL franchise ownership.
Not everything is about the NHL franchises when it comes to ownership making money.
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