Quote:
Originally Posted by albertGQ
The numbers you used would indicate the Flames are worth $2B
|
This is the biggest issue I saw. The Flames are worth ~$450M according to Forbes.
So say the owners wanted to create 4 million shares and keep half for themselves... That means each share is worth $112.50 at the Forbes valuation. If 2 million shares are up for grabs then they could raise $225M. Yeah that's a lot of money but it's not mind blowing in the grand scheme of things. Would owners give up 50% of their cut in the Flames to raise $225M? Not likely. Especially if the city and province are going to get on board with taxpayer money. It wouldn't make sense to give up any stake, really.
It's a cool idea that's outside the box a bit but I doubt it would ever happen.