Quote:
Originally Posted by GordonBlue
How much money would they leave on the table by waiting it out? more than the cost of what their extra contribution to the last deal was, I bet.
Look at the money the Oilers have made since their new building opened and the difference there now in the value of the franchise compared to the Flames.
I took a peek at a forbes article. Oilers 7th, valued at 1.27 Billion with an operating income of 87 million
Flames 21st, valued at 855 million with an operating income of 41 million.
pretty big difference, and that's a lot of money they're leaving on the table if their plan is to wait out the city.
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Fair comment, especially the increased operating income (breaking out a McDavid factor in Edmonton). I wouldn't focus on the forbes valuations as much, anymore than I focus on the assessed value of my properties... unless I intended to sell. Maybe someone wants to brag about values at the Club, but I doubt it.
But in reality, these owners made way more returns by investing their cash in other ventures than any returns left on the table here.