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Old 09-25-2017, 03:33 PM   #2588
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Quote:
Originally Posted by Locke View Post
I dont see that as true though.

Nobody is buying a hockey team thinking they're going to be taking 'Scrooge McDuck' swims in vaults full of cash.

The real money comes in the appreciation of the Franchise.

The current ownership group bought this Franchise for a pittance of its current value.

The day-to-day operations are just about increasing that value but NHL Franchises for what they cost in the 80s compared to now have been a hell of an investment. As long their seasonal-operations costs relative to their expenses covered them then the appreciation in Franchise Value was the Golden Ticket.
Sure has been on paper for sure.

But a paper evaluation by a company like Forbes isn't a price sticker in a store. You have to find someone to actually buy it, and that's a different animal.

I'm sure the roll over in ownership have all done well in the past for sure, but that doesn't take away from the fact that the asset ties up capital now that can't be used elsewhere.

With the number of markets that are tight and no where really to move it, I can't see a big line of wealthy people wanting to by the Flames which essentially nullifies their asset value gain on paper doesn't it?
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