The quote: "We have thought on several occasions of trying to create a way that we might create ... an investment strip that might enable fans or interested parties in investing in one or more of our sports properties. "I presume that we will continue that process on occasion in the future."
When you factor in money spent on tickets, merchandise, concessions at the arenas, etc, some Canadiens fans probably could have bought the team already
isnt there a profit sharing rule in the nhl? like the team that makes the most profit share with poor teams?
If it is so, why would we want to invest our money when we have to give away our profit?
Oh course, it's not like you'd be handing your money over for the hell of it. You'd become a partial owner, and would receive a percentage of the teams profit. *Percentage depends on how many stocks you purchase*
isnt there a profit sharing rule in the nhl? like the team that makes the most profit share with poor teams?
If it is so, why would we want to invest our money when we have to give away our profit?
Huh, and why did Gillet invest his money? Because he wants to give money?
Even with the taxes we pay in Quebec, if you make more money than someone else, you still make more money than that person after taxes. It's not communism...
Huh, and why did Gillet invest his money? Because he wants to give money?
Even with the taxes we pay in Quebec, if you make more money than someone else, you still make more money than that person after taxes. It's not communism...
But the more you make, the more taxed you are, if you don't make a lot you don't pay income tax, and receive money from the gov. Doesn't make revenues even for everyone, but it makes it more even.
You'd make more money investing in some good Oil Unit Trusts right now, that are yielding 15% return. But, thats just common sense.
I'm not sure that "owning" a piece of the Canadiens is anything like doing stocks. I mean, obviously, you are going to have keep track of things.. but in the end, its a dream to be a partial owner of the Montreal Canadiens.
My opinion on this is that Gillett wants to raise some easy capital on the back of emotive and irrational fans who are already wet at the idea of owning a part of the Sainte Flanelle. The truth is that sport franchises are not a very safe investments, and that most peoples would be better off buying some index fund instead.
