Quote:
Originally Posted by Locke
Why? Everything else aside its like buying a stock that does nothing but appreciate in value.
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In this hypothetical I've spent $450m - $600m for 30% of the franchise, and all I get is:
1. Be back seated, as I don't own a controlling stake
2. My money grows slower than other private equity opportunities, or general equities markets
3. Franchise ownership is all about capital appreciation, so I have to eat the cash burn when we spend to the cap and don't make the playoffs
As a controlling stake investment the Flames have a lot going for them though.
1. Canadian market, and one of the fastest growing Canadian Markets, with the ability to grow it
2. A low bar with the fanbase to improve the product and grow the size of wallet with an improved experience
3. A likeable management team that could be properly empowered