Phoenix LXXII: Send in the Clowns
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02-19-2013, 04:40 PM
bettman's a Weasel
Join Date: May 2009
Originally Posted by
That's not a fair statement. If your analysis showed losses, like any struggling business, but considerable upside, you'd have a case for buying that asset. It doesn't matter if it's 10 million or 100 million. If you find it a worthwhile venture, the selling price is agreeable.
$90 million seems like the market agreed upon bottom value for an NHL team
, regardless of history or market. There's little to no built in value beyond simply being an NHL club. If these assets were 100% portable with no concern for leases or anything of the sort, the value would be higher.
The recent Tampa sale of around $90M also included real estate, so we know that the team itself was sold for less than $90M. Cohen's 'shares' in Florida went for nothing 4 years ago. In Phoenix, a $320M subsidy over 20 years was not enough to entice any buyer at $170M. Do the math.
Last edited by Dado: 02-19-2013 at
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