Quote:
Originally Posted by Jay Random
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?
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Not necessarily, theres all kinds of reasons to hold an asset, dont forget, its an ownership group, not a single owner. I know Edwards gets most of the credit and stick, but its a group.
The fact of the matter is that they own an asset that has appreciated in vlue over time, kind of like a house, you can use it as collateral (not that they need it) you can borrow against its value and invest, hell, you can keep it as a shiny bauble if you want.
The fact of the matter remains that the money from the Calgary Flames is insignificant in comparison to the owners' other ventures.
I dont think the Calgary Flames' value is going to significantly decrease any time soon.