Non-Ownership Thread: Who Cares Edition
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02-01-2013, 12:21 PM
Join Date: May 2012
Originally Posted by
ASSUMING we even get to a new AMLA, I think the council may be willing to save face by putting out something like 10 years at $10M per. However, no investor is going to purchase the team with that deal if GJ couldn't close and purchase the team with a $300M deal. Bottom line is, a deal more favorable to the CoG is only going to ensure no local sale.
The COG is not negotiating from a position of strength. Even with a 300 million subsidy, we still have no buyer. If a real one is out there and shows up, they will demand and likely get the 300 million as the COG has set the bar at that price. If they don't want the team, that is one thing, but the subsidy is staying at that level or going up, and the NHL price is at 170 million max, or going down. Neither the NHL or the COG has any leverage if they want to keep the team here. Last minute deals are always the best deals, not dead yet...
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