Quote:
Originally Posted by Locke
Right. What did the Flames owners buy the team for? It was $16M in 1980.
Sure, they may have hemorrhaged cash for operations in the meantime but that initial $16M investment has grown!
Brand new teams with nothing are worth $500M.
So they've made some money on their investment. Thats how it works.
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And if they believe that the investment has topped out at that price, they'll want to sell. They won't be satisfied with a zero return just because they made money in the past. That's also how it works.
‘Past performance is no indicator of future results.’ How often have we all seen that phrase?