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02-19-2013, 04:40 PM
bettman's a Weasel
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Originally Posted by XX View Post
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.

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