Quote:
Originally Posted by taxbuster
Here's the problem with that: it doesn't matter what the team does, win, lose, flop, disgust us, delight us. Edwards makes money just by virtue of owning one of 31, soon to be 32, franchises. There's only so many, and there's always someone who wants to buy one. And that is really where the money is made. As long as the team doesn't lose dramatic amounts on a fiscal year basis, he could care less. It simply doesn't matter if he makes an extra million or two. His value has escalated by several hundred million or more. Why would he care too much about a couple more?
According to Forbes ( https://www.forbes.com/teams/calgary.../#623e96419050) the franchise value was $210M in 2010. It was $500M in 2019. That's $30M/year....regardless of what the Flames do or don't do. A choke year provides just as much as a successful one. (OK...some extra from playoffs if a long run, but we all know what chances of that looks like.) |
That's been the history for sure.
Not sure it's the present or midterm future.
I've felt for a long time that sports was evolving towards TV and away from the live experience, and that could be sped up if this covid thing doesn't go away soon.
Even if it does go away we may see people still hesitant.
Add in a new building that people are less eager to spend up to and we may see franchise values of sports that rely on butts in seats drifting downward.