Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post

troutman · 05-30-2013, 03:11 PM

Phoenix Coyotes $170 Million Sale To Be Partially Funded By NHL

http://www.forbes.com/sites/mikeozan...funded-by-nhl/

The prospective buyers of the Phoenix Coyotes could be getting a sweet deal.

A source close to the negotiations, who traded candor for anonymity, revealed the purchase price as $170 million. The capital structure would consist of RS&E putting in $45 million of equity, Fortress Investment Group lending $120 million (to be repaid by the fee Glendale taxpayers are going to pay the team to run the arena), and an $85 million loan from the NHL.

The $80 million the total capital investment ($250 million) exceeds the enterprise value of the purchase ($170 million) will be used as working capital. In other words, no capital calls even if the team loses a lot of money over the next few years. In addition, the NHL is promising the new owners that they will get the maximum amount of revenue from the league’s revenue-sharing system.

Stéphanie Martin ‏@StephMartin5
Bill Daly a répondu à @cyblesoleil que l'article de @Forbes contient des inexactitudes (material inaccuracies) #Coyotes #LNH

05-30-2013, 03:11 PM	#2918
troutman Unfrozen Caveman Lawyer Join Date: Oct 2002 Location: Crowsnest Pass Exp:	Phoenix Coyotes $170 Million Sale To Be Partially Funded By NHL http://www.forbes.com/sites/mikeozan...funded-by-nhl/ The prospective buyers of the Phoenix Coyotes could be getting a sweet deal. A source close to the negotiations, who traded candor for anonymity, revealed the purchase price as $170 million. The capital structure would consist of RS&E putting in $45 million of equity, Fortress Investment Group lending $120 million (to be repaid by the fee Glendale taxpayers are going to pay the team to run the arena), and an $85 million loan from the NHL. The $80 million the total capital investment ($250 million) exceeds the enterprise value of the purchase ($170 million) will be used as working capital. In other words, no capital calls even if the team loses a lot of money over the next few years. In addition, the NHL is promising the new owners that they will get the maximum amount of revenue from the league’s revenue-sharing system. Stéphanie Martin ‏@StephMartin5 Bill Daly a répondu à @cyblesoleil que l'article de @Forbes contient des inexactitudes (material inaccuracies) #Coyotes #LNH Last edited by troutman; 05-30-2013 at 03:18 PM.