Considering how the Ducks have had very low attendance and survived. I don't think the Sacto Kings would siphon away cash away from the Ducks. Here's my reasoning:
Samueli owns the Ducks' org as well as the venue they play in, now called the Honda Center. The Kings move in, but Samueli doesn't have to purchase the Kings to play in the Honda Center. I don't know how much revenue Samueli will collect for the Kings to play in the Honda Center, but there has got to be some profit to be had. That profit can then be applied back into the Ducks should he, Samueli, wish to invest more.
If the Kings move down, then the Honda Center will add a minimum of 41 games of revenue on top of what the Honda Center makes. Making some money is better than making no money during those 41 games. The venue is already made and profit can be had to include another tenet for a guaranteed 41 games.
For the Maloofs, this is a great in between, if not permanent solution for the Kings. The stadium/arena/center is already made. The Honda Center is a proven stage as it holds the Anaheim Ducks. It's in the O.C., close enough to L.A. That's important because the Kings play in the Pacific division. The two closest teams are the L.A. Lakers and the L.A. Clippers. The Lakers have a great following. The Clippers have a growing following with it's Lob City talent. Those games will have great attendance, if not sell outs.
The Clippers have had terrible teams, but often had profits at the end of every season. That's because they are one of three professional team tenants of Staples center. So with that stated, the Kings and Samueli will end up with a win-win situation even if the Kings have low attendance and takes some Duck fans along with. But lots of people follow winners and the Ducks are the better talented franchise. And hockey is a better paced game than the NBA (due to less game stoppage).
Samueli does not own the Honda Center. The city of Anaheim does. I do believe he owns advertising rights and concessions within the arena. So he would certainly stand to personally profit from the basketball team moving in.
Considering the Ducks currently operate on an internal budget based on their own profitability I see no reason why Samueli would take profits earned elsewhere (such as from the basketball team) and spend them on the Ducks if the Ducks themselves cannot generate the additional profit.
Last edited by Eddie Shack: 04-14-2012 at 12:18 AM.
Reason: spelling
Samueli doesn't need to shunt money into Anaheim to make the team's finances useful to him. If he's reaping windfall profits elsewhere the write off from the Ducks' losses will come in handy.
Samueli does not own the Honda Center. The city of Anaheim does. I do believe he owns advertising rights and concessions withing the arena. So he would certainly stand to personally profit from the basketball team moving in.
Considering the Ducks currently operate on an internal budget based on their own profitability I see no reason why Samueli would take profits earned elsewhere (such as from the basketball team) and spend them on the Ducks if the Ducks themselves cannot generate the additional profit.
He owns Anaheim Arena Group which runs the Ponda. He and Susan run H & S Ventures that then runs all their companies.
Samueli does not own the Honda Center. The city of Anaheim does. I do believe he owns advertising rights and concessions within the arena. So he would certainly stand to personally profit from the basketball team moving in.
Considering the Ducks currently operate on an internal budget based on their own profitability I see no reason why Samueli would take profits earned elsewhere (such as from the basketball team) and spend them on the Ducks if the Ducks themselves cannot generate the additional profit.
Gotta spend money to make money. Similar to the Angels getting a massive TV deal and then spending it on Pujols, they probably could've saved most of it and made Arte slightly richer, but they invested it in their team. Samueli could and almost certainly would do the same. Samueli's been a great owner, no reason to think he'd get a good amount of new revenue and not put some of it into his team.
Gotta spend money to make money. Similar to the Angels getting a massive TV deal and then spending it on Pujols, they probably could've saved most of it and made Arte slightly richer, but they invested it in their team. Samueli could and almost certainly would do the same. Samueli's been a great owner, no reason to think he'd get a good amount of new revenue and not put some of it into his team.
Well there is a difference in the two scenarios. First of all, the TV money went straight to the Angels not to one of Arte's other businesses. It was the Angels TV rights being sold. Secondly, the amount received was more because the Angels had signed Pujols. So it is all in the Angel's family.
As was pointed out above, Anaheim Arena Group (not the Ducks) would stand to make money from a basketball team coming to the Honda Center. So unlike in the Angels case, the money would not be paid to the Ducks, and it would not be as a result of the Ducks doing anything to earn the money. It just happens to be another business that Henry owns that could make him some money. There is no logical reason why that would cause him to spend more on the Ducks.
Henry could at any time chose to up his spending on the Ducks but I doubt it would be related to any other business venture he has going.
Well there is a difference in the two scenarios. First of all, the TV money went straight to the Angels not to one of Arte's other businesses. It was the Angels TV rights being sold. Secondly, the amount received was more because the Angels had signed Pujols. So it is all in the Angel's family.
As was pointed out above, Anaheim Arena Group (not the Ducks) would stand to make money from a basketball team coming to the Honda Center. So unlike in the Angels case, the money would not be paid to the Ducks, and it would not be as a result of the Ducks doing anything to earn the money. It just happens to be another business that Henry owns that could make him some money. There is no logical reason why that would cause him to spend more on the Ducks.
Henry could at any time chose to up his spending on the Ducks but I doubt it would be related to any other business venture he has going.
It actually wasn't, they agreed to the deal before they signed Pujols, just announced it after. The first part's not even a valid point, the money goes to the Angels, but it's not like they had to spend it, Arte could've just collected it.
It actually wasn't, they agreed to the deal before they signed Pujols, just announced it after. The first part's not even a valid point, the money goes to the Angels, but it's not like they had to spend it, Arte could've just collected it.
Regardless of whether you think Pujols had any impact on the TV deal (as in the amount of $), it was certainly money given to the Angels for the TV rights to their games. The team earned it, not his billboard (non baseball) company. A very valid point. The Ducks will have nothing to do with additional money brought into Samueli's pocket should an NBA team land here. Big difference.
