Phoenix LXVIII - "Watch out for that Tree"
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01-24-2013, 05:14 PM
Join Date: Dec 2012
Originally Posted by
Hard to know for sure, but I wonder whether $90-100 million sale price might get it done.
I can remember rumors from when the NHL originally took control of the Coyotes that Bettman made assurances to the other owners that he would eventually get the money back. Now the losses look to have been mostly covered by the COG, but the original investment hasn't been met yet. This is where the $160 million figure comes from.
I would also guess that the $90-100 million figure is the value of the franchise in Phoenix. Bettman knows he could get his asking price, and probably more, in another city.
My ownership experience: I once owned stock in the Boston Celtics and Manchester United.
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