Non-Ownership Thread: Who Cares Edition
View Single Post
02-02-2013, 09:09 AM
Join Date: Jul 2003
Location: Eastern Canada
Originally Posted by
Any future owner will have to keep this in mind:
Sharks owner: “You cannot make money with 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...
View Public Profile
Find More Posts by Matzel