Quote:
Originally Posted by Strange Brew
The NFL explicitly allows this.
https://www.forbes.com/sites/mikeoza...h=344a4c0f5014
https://theathletic.com/1299155/2019...nchises/?amp=1
I’d be surprised if nhl teams didn’t have some debt on their balance sheets as owners would be interested in getting some liquidity out of their investment.
But it’s kind of a technical argument that has nothing to with net worth and little to do with the economics of owning a team which are stunningly great.
You just can’t ignore the shocking increase in franchise value when evaluating these businesses. |
I still think lenders would not like the collateral. And that CSEC limits share pledges via the terms of their USA. CSEC itself may have debt, but it would pledge its other assets rather than franchise licence.
Anyway, Edwards has better collateral if he wants to borrow.