Quote:
Originally Posted by Sidney Crosby's Hat
The Coyotes just sold for $1 billion and were valued at $500 million. NHL is going to see a huge jump here as a result of that and the Ottawa sale.
Franchise values are just skyrocketing right now. Even at $2 billion it's a good investment and in five years, they'll probably be worth $3 billion, maybe more. Just three years ago, Forbes valued the Lightning at $650 million so they've tripled in value in three years. That's a heck of a return.
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Sports franchises are cash machines that come with the added benefit of being able to get a free few hundred million dollars every so often when you want to build a new arena.
Meurelo bought the absolute worst franchise in the league in 2019 for $300 million. He just netted $1 billion from the sale. Not a bad return for an asset that was in much worse shape when he sold it.