Quote:
Originally Posted by Jay Random
You can borrow, but the operating cash flow had better be enough to service that debt. What you can't do is borrow against the speculative value of the asset IF it were put on a highly illiquid market.
Which means, given the low and variable operating income of the Flames, the amount the owners can borrow against it is much less than Forbes' WAG about the market value in case of a franchise sale.
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Sure but in this instance, what does Edwards care? I've seen some of his moves, there is a reason they call CNRL 'the Evil Empire.'
Anyways, we're getting off topic. The ultimate value of Sports Franchises is increasing over-all Value.
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