Phoenix LXXIII: "This Space Available"
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04-03-2013, 09:19 PM
Who is PKP???
Join Date: Nov 2010
Originally Posted by
If that is indeed still the asking price. Dont quite understand how it could remain static for what now, 2 years? It simply has to be more as of right now, today.... so lets say its $200M. In the grand scheme of things, its really all relative once you gets past the sticker shock. It depends on ones perspective as to whether its under or over-valued. If the franchise can be purchased with portability options after 48 months, the Consent Forms capped, your probably looking at expenditures including purchase price & losses over the next 2.5-3yrs or so of at least $270M or thereabouts if you did little to nothing more than what the NHL's done over the past 3 seasons.
However, if you could make headway on the sales & marketing sides of the equation, sponsorship & advertising sales, suite leases, gradual increases in ST sales & general ticket pricing, charge for parking, boost non-hockey revenues with concerts & events etc, receive a fair market value AMF from Glendale, then yes, I could see how someone could say "this is an undervalued asset". Takes some serious hubris, brass. But why not? Its precisely that kind of thinking that built America. As Kenneth Schnitzer, owner & founder of the WHA Houston Aero's & part of owner of the Rockets once said, "We Houstonians dont care who your Grandfather was. This is a city of unlimited opportunity". Well, I would submit to you that so is Phoenix, Glendale & the Coyotes. The only thing holding man back are the limits of his own imagination. If this guy Pastors got the money, the vision, have at er'. Just dont try & do it on the backs of Glendale's taxpayers & accepting of that, still believing the assets under-valued, then he'll succeed, and in 5yrs rather than serving notice the teams leaving, re-negotiating a long term lease. I guess we'll find out & fast just how
this guy is.
The price is still 170mm. Confirmed just a short time ago. IF this guy is legit, he better move fast. this won't last past the summer. no way. I don't think the playoffs are the deadline or there is a deadline but if next season starts with the the Yotes in Glendale, well call me an ugly woman and punch me in the face.
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