Phoenix LXIX: Thread of LXIX
View Single Post
01-30-2013, 03:02 PM
Join Date: Mar 2012
Location: Guelph, ON
Originally Posted by
-On the NHL asking price: it's been well-established that $170 million means $170 million from them. They had ample opportunity over the last 3 years to lower the price, and haven't. Jamison pressuring them with a tactic like this would've just landed the team in Quebec months ago.
we dont know that the price is $170M. that's the old speculation based on a $140M BK purchase price, plus $30M losses during the first year, which was what TNSE paid for the Thrashers ... and of course we all backed that out as having come from the valuation of the Yotes at $170M, all in. but that was almost two years ago.
by any account one chooses, even taking glendale's subsidy of $45M (or $50M? or is it just $25M? who knows), losses since the league took ownership have clearly exceeded that initial $30M figure ... and a more reasonable estimate is likely in the $60M to $80M range.
so, given commish's promise that his bosses wouldnt lose a dime on this, that would bring the purchase price today in around $200M to $220M. i also seem to recall a number floating around last spring of $230M that PKP was said to have been eye-balling.
regardless, I would fully expect the price for this team to be much closer, if not over, $200M than the oft-cited $170M, so I dont see anything less than $170M as being even a remote possibility.
View Public Profile
Find More Posts by GuelphStormer