Quote:
Originally Posted by memphusk
I will not lie on this. If I could own an NHL team and break even every year I would own that team for as long as my days.
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Quote:
Originally Posted by smiggy77
Ownership isn’t pulling a paycheck out of the flames.
It’s commonly known that owning a hockey team is these smaller markets make zero business sense. They’re returns are not even 4% all said and done.
Imagining being in Ottawa when Melnyk tried to make it a business venture
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You would own it as long as your days. Thats the point.
I've banged this drum many, many times but I'll reiterate, hockey teams dont make much money on operations. They try, but operations essentially cover...well...operations.
However the Calgary Flames were purchased in 1980 for $16M. Adjusted for inflation thats about $60M today.
Forbes says that today they are valued at $680M.
https://www.forbes.com/teams/calgary...h=53c768231905
Not a bad return. Even factoring in years of losses, losses which were probably funneled into the owner's other more profitable businesses, or just held for when the Flames did turn profits.
Not a bad return on investment either way you slice it. Its like a toy that pays for itself.