Phoenix LXXII: Send in the Clowns
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02-20-2013, 11:23 PM
Join Date: May 2010
Originally Posted by
Finished watching the videos, great stuff!
(Could be interesting to bring at the next CoG council meeting when the Coyotes are on the agenda.
Best quote (video 2 from Judge Redfield T. Baum - time mark ~ 7:45 on reading from NHL expert article)
"How to make a small fortune by owning a professional sports franchise. The next line is -- start with a large fortune and buy an NHL franchise."
I caught that too... it was contained in a brief from the NHL. He reiterated the point that any prospective owner needed to be very well-financed, not only to purchase the team, but also to ride out years of substantial losses.
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