Quote:
Originally Posted by powderjunkie
For the city, I don't care much about the dividends/operating income - I want a piece of ownership. I don't care if that's "not the way it works".
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Won't happen but I thought a nice way to solve the impasse would be for the city to get a slice of the team equal to a what a new arena does to the franchise valuation. So say the Flames go from being valued at 430M in the saddledome to 550M with a new arena the City would get 120M worth (21.8%) of ownership. 21.8% of profit pays down the purchase price and the City then can sell the team at the end of the lease and use the profits to help finance the next arena (or pay off the current one if the Flames don't do as well as projected). Solve the arena problem for 60-70 years instead of 30-35.