Phoenix LXXIII: "This Space Available"
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04-04-2013, 12:06 AM
Join Date: Oct 2010
Location: Sudbury, Ont
Originally Posted by
Okay, remind me not to invest with Capstone. Seriously, how are the Coyotes are an "undervalued asset" at $170 million in Glendale?
Anyway, I'm glad he thinks so. This is exactly the type of potential owner that has been needed for a local sale (assuming he actually has the money). The NHL and COG needed that rare person who saw the asset as being undervalued at the sale price so that they wouldn't need to extract a huge subsidy from the COG to offset some of the purchase cost.
What's undervalued; the team?
Is it just me or does he seem like a clone of Matthew Hulsizer. After listening to that interview, he also seems a little oblivious to the developments of the last three years.
So according to him, the investment will come from Pastor family interests, and not Capstone. Interesting...
My question is, why bother going public with this? Isn't this the opposite of what the NHL would like to see? Why not get this transaction done quietly?
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