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Montreal Canadiens worth $334 million, 3rd in the League

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Old
10-29-2008, 07:06 PM
  #1
HabsSlappy
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Habs 3rd Most Valuable NHL Team

http://www.forbes.com/2008/10/29/nhl...9nhl_land.html
http://tsn.ca/nhl/story/?id=254142&l...=secStory_main

Habs rank 3rd in team value and 2nd in revenue.

The thing I find disturbing is a Debt/Value of 72%. That basically means that the Habs are carrying $240M of debt on the books. The drastic change in the loonie could definitely affect the well being of the Habs business in my opinion.

There are some disturbing numbers for some other teams too....like the Devils 113% debt/value.
10 teams with negative earnings. Only 7 teams with earnings of more than $10M.

It's an interesting article.

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Old
10-29-2008, 08:02 PM
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D3nZ
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The Habs merchandise revenue might skyrocket in the next 2 years with the centennial celebrations, and the Leafs might dip down a bit with the reconstruction.

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10-29-2008, 08:05 PM
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Habs in '06

7th most valuable, 104% debt/value

So yeah.

Times change.

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Old
10-29-2008, 08:50 PM
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Originally Posted by Sharp Skates View Post
Habs in '06

7th most valuable, 104% debt/value

So yeah.

Times change.
104%? Ouch.

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Old
10-29-2008, 08:55 PM
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Agnostic
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debt to value is high because interest rates are low. Gillette is using equity in his team to leverage other projects.

Concern about this number is unjustified. Just because you see the word debt and a large ratio does not indicate trouble. It's smart business.

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10-30-2008, 12:27 AM
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Quote:
Originally Posted by doug mckenzie View Post
http://www.forbes.com/lists/2008/31/...ns_314528.html


http://www.forbes.com/2008/10/29/nhl...9nhl_land.html




http://slapshot.blogs.nytimes.com/20...se/?ref=sports

Montreal’s value jumped 18 percent in the past year to move into third place at $334 million, hopping over last year’s No. 3 Detroit ($303 million).
I couldn't buy them if they were worth 344$

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Old
10-30-2008, 01:48 AM
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Yeah it is way to complex for the average person. If you operate in debt you get some huge tax breaks on other companies etc. A lot of companies run with debt for different reasons, my girlfriend would know more shes an accountant. Ask her tomorrow.

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Old
10-30-2008, 04:16 AM
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We have the second highest ticket prices in the league and a consecutive sellout streak...amazing!

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Old
10-30-2008, 06:50 AM
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Originally Posted by earl the habs fan View Post
debt to value is high because interest rates are low. Gillette is using equity in his team to leverage other projects.

Concern about this number is unjustified. Just because you see the word debt and a large ratio does not indicate trouble. It's smart business.
I was just going to say the same thing.








No I wasn't, who am I trying to kid ?

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10-30-2008, 07:35 AM
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AD
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Well I was:

Quote:
Originally Posted by earl the habs fan View Post
debt to value is high because interest rates are low. Gillette is using equity in his team to leverage other projects.

Concern about this number is unjustified. Just because you see the word debt and a large ratio does not indicate trouble. It's smart business.
Hell.. it would be incredibly dumb to have massive equity being wasted in the team. I'm kinda worried its that high, or I suppose it will be used shortly for leveraging.

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10-30-2008, 09:07 AM
  #11
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If Gillett ever sells the habs, ouch @ the capital gains tax he'll have to pay.

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Old
10-30-2008, 09:32 AM
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loadie
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I have 343 million, could you guys get a million together and put it into my bank account until I can liquidate some more assets?

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Old
10-30-2008, 09:46 AM
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AD
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Originally Posted by loadie View Post
I have 343 million, could you guys get a million together and put it into my bank account until I can liquidate some more assets?
Well.. I have a million in my bank account.. so all you have to do is transfer the 343 million to me and I'll buy the team for you.

Trust me.

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Old
10-30-2008, 11:45 AM
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Originally Posted by loadie View Post
I have 343 million, could you guys get a million together and put it into my bank account until I can liquidate some more assets?
you just have to wait for the interest on your millions. With that much, it shouldn't be long before you make 1million.

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Old
10-30-2008, 03:48 PM
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The debt includes the arena which most teams take a long time to pay off.

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Old
10-30-2008, 07:09 PM
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Kimota
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I was surprised by this:

Quote:
There are two reasons why hockey teams have been able to increase ticket prices. For one, their customers have the highest average household income ($88,000) in sports...
Hockey fans are richer?

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Old
10-30-2008, 10:15 PM
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Agnostic
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Quote:
Originally Posted by AD View Post
Well I was:



Hell.. it would be incredibly dumb to have massive equity being wasted in the team. I'm kinda worried its that high, or I suppose it will be used shortly for leveraging.
Yeah. the Value of the Habs is safer than blue chips, bonds, gold, whatever.
I'd be giving Gillett credit on that security and I'm not a bank.

Quote:
Originally Posted by mcphee View Post
I was just going to say the same thing.








No I wasn't, who am I trying to kid ?
Play to your strengths

Gillett has been paying dividends to himself from the enormous equity he has in a valuable and appreciating asset. It's like a HELOC. Only most homes are not appreciating these days.


Last edited by Agnostic: 10-30-2008 at 10:32 PM.
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Old
10-30-2008, 10:25 PM
  #18
AD
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Quote:
Originally Posted by Kimota View Post
I was surprised by this:



Hockey fans are richer?
Yes.

Hockey is a rich person's sports.. like all sports that need complicated and expensive equipment and facilities.


You need a flat surface and a ball.. and you can play soccer.

You need skates, sticks, pucks, refrigerated ice, etc.. to play hockey.. And I'm not even talking about goalies.

Edit: Oh and there's jocks too!


Last edited by AD: 10-31-2008 at 12:17 AM.
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Old
10-30-2008, 10:59 PM
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Quote:
Originally Posted by AD View Post
Yes.

Hockey is a rich person's sports.. like all sports that need complicated and expensive equipment and facilities.


You need a flat surface and a ball.. and you can play soccer.

You need skates, sticks, pucks, refrigerated ice, etc.. to play hockey.. And I'm not even talking about goalies.
Jocks? you forgot jocks?

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Old
10-31-2008, 03:44 PM
  #20
Kimota
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Quote:
Originally Posted by AD View Post
Yes.

Hockey is a rich person's sports.. like all sports that need complicated and expensive equipment and facilities.


You need a flat surface and a ball.. and you can play soccer.

You need skates, sticks, pucks, refrigerated ice, etc.. to play hockey.. And I'm not even talking about goalies.

Edit: Oh and there's jocks too!
I was not talking about people playing hockey but hockey fans? I've been raised middle class and my uncles grew up poor during the 1930s depression, played hockey when you needed nothing basicaly and most of the kids were playing in cheap outdoor rinks. They've made a good living but are far from rich. Yet they have Habs season tickets.

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