Quote:
Originally Posted by Bleeding Red
Forbes may tag the Flames at $430 mil, but reading the article they note that price is unlikely the bid/sell price. If I read it correctly, that is the price if you want to sell and STAY in the market, as arena leases, ancillary (concert) revenue, and TV market are all taken into account. It also notes that though they valued the Panthers at $240 mil, they ended up selling for about $150 mil. I also don't think Bettman would charge a steep $200 mil relocation fee to get a franchise into a top 5 US market. I still think $300 - $400 mil total gets it done. Even paying full price, simply moving to Houston with a sweet arena deal could increase the value by at least 10% overnight.
But again the ownership group would need a plan for the rest of the assets and would likely take a hit on all of them should they decide to sell.
I'm just saying unless you think a 36 team NHL is viable and in the works, then moving to Houston is a distinct possibility.
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Why would Seattle pay $650 million for an expansion franchise if there is a team available for substantially less?