You'd think that winning the auction should be a no brainer. The value of the land for him is tied to being able to purchase an NHL franchise 3-4 years from now for $1 billion. Anyone else by that point in time, it would probably cost them $2 billion for an NHL franchise by then. So even if he paid $1 billion for the land which is probably 10 times what it's worth, he would make that money back.
And 7-8 years from now he could probably sell that franchise for $2.5 billion the way franchise values in sports are going.
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