View Single Post
Old
02-02-2013, 09:09 AM
  #470
Matzel
Registered User
 
Matzel's Avatar
 
Join Date: Jul 2003
Location: Eastern Canada
Country: Germany
Posts: 1,310
vCash: 500
Send a message via MSN to Matzel
Quote:
Originally Posted by naurutger View Post
Any future owner will have to keep this in mind:

Sharks owner: “You cannot make money with a hockey team”


http://prohockeytalk.nbcsports.com/2...a-hockey-team/

The money is in the franchise value, not the year to year revenues. Right now the franchise is worth crap and a long-term lease further decreases its value along with its $170M price tag. But in the future?
That type of business works well for deep pocketed owners. They don't need year-over-year profits to pay bills and service debt.

An owner who cannot come up with the purchase price to begin with would be *****ed in this situation...

Matzel is offline