[Manhattanboy]

Originally Posted by Monahammer

How much was the team purchased for by current ownership? How much is it currently worth?
Pro sports are a vanity arrangement. They've never been a huge money making arrangement. I can understand not wanting to hemorrhage money but can we at least admit that they've made significant gains just by owning the team while the league's net value has increased? It certainly wasn't worth 600 million before but that's the sale price now.
This is all greed. Our owners are all old oil men. That industry seems doomed with current government. They saw Katz pivot into real estate up north and want to join the club. Once cgy next and the extra land opportunities were off the table they stopped engaging meaningfully. That's pretty damn transparent.
It's not about hockey or civic pride for them, it's about squeezing the most money possible out if this damn city (even while it's on its knees)

Uh huh. Sure.