Quote:
Originally Posted by ricardodw
Who only rational reason for investing in the team was to have a franchise to relocate to a more profitable city. Thompson doesn't owe Winnipeg anything.
According to Forbes (dec 2019) the Jets lost 7.7 M on the $420M asset . Murray Edwards made 3.6 M on his $500M asset. There are 10 players on the Flames that made more on hockey than the owner.
Edwards is avoiding paying Calgary and Alberta taxes by relocating to London England.
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Your aware that being a sports team owner is like owning a blue chip stock. That 3.6 million “profit” is more like his dividends payment for the year. The true value to these owners comes from their yearly appreciation in the teams value.