Phoenix LXXII: Send in the Clowns
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02-15-2013, 12:16 PM
Join Date: Nov 2004
Originally Posted by
The last florida panthers 'sale' was for $0. I don't have the exact figures, but sometime around 2009, the owner at the time, Alan Cohen, simply grew tired of flushing $20 million of his money down the florida panthers toilet every year. He simply threw his keys onto the table, and gave his shares in this gem of a franchise to the 2 lightweights who currently run the team. Somehow, they have managed to keep this house of cards afloat for the past 4 years, but you have to think that something is going to have to give at some point in the near future.
I believe the reports at the time listed the transfer value as $200 MM, inclusive of some land around the arena, and the arena rights.
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