Quote:
Originally Posted by flamesfan1297
Powderjunkie- which team is ranked 30th in value?
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Valuation is a bad measure because it is not applied consistently. There are many things that go into determining the value of a franchise, one of which is ownership of the facility where they play. Another is the ability to generate revenues through broadcast and advertising rights. Both hurt the value of most hockey teams as they are secondary tenants and don't traditionally have large local broadcast contracts. But both of these points are not important to the discussion at hand. The issue here is return on investment and if the Flames ownership group decided to get out of the business of sports team ownership itself. What can the ownership group hope to recoup from the sale of the various products in the CSE family, and how does that compare to the initial investment versus earning potential.
I want to touch on this for a moment because I don't think people have been looking at the big picture. CSE has been working on this project and has had this vision for a long time. They have been acquiring various products that will become tenants in this new facility they hope to build. They have mentioned future aspirations of adding a soccer team to the mix. This will give them multiple tenants to sustain each part of the design. Add in the field house use and they will be maximizing the use of each component of the facility. This is part of their overall vision and where they hope to take CSE. If they can't achieve that goal do they continue down this path at all? Only the owners will be able to make that call.
Full disclosure here. I hate to bust the little bubble that powederjunkie lives in, but I actually voted against this proposal. I think they can do better. I like the concept, but I think there are areas for major improvement. But I will say, I don't need snazzy renderings or styro foam models to know what they have is a good idea. I can see where they are, and where they are headed with this. I think this needs a lot more detail, but detail that will come as they work through the process with the City. While I am oppose the design, I can understand the concept. I'm not going to toss out the baby with the bathwater until I hear what the City proposes, once they come to the table.