Quote:
Originally Posted by powderjunkie
Just curious why you think the bolded? It's a pretty standard business arrangement to sell shares in a corporation in exchange for investment. It would only be a paper transaction unless/until the club is ever sold, and would make a ton of sense for the city for the next time the extortion game comes around.
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I just mean that, legally, no outside entity, public or private, can make a claim to a privately owned corporation's market value.
Sure, it would be great for the city if it were able to negotiate an ownership stake in exchange for building the rink. But that's pie in the sky. They don't have any leverage, and there are no precedents for this in any of the major pro sports leagues over the last 30 years.