Quote:
Originally Posted by GioforPM
Ottawa?
I think replacing Murray as an investor is different than replacing the team if it was sold to, say a Houston owner.
But I do think it's difficult to get replacement investors because, despite the valuations, I don't see someone ponying up that much for shares in this franchise. I have real issues with the valuations - I have no clue how they get there (on almost any team). It certainly doesn't match normal company valuations.
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Firstly, I think most agree there is zero chance the franchise moves, now that the rink deal is done. Houston in this context, is pretty much irrelevant. Winnipeg, Ottawa, convo? perhaps.
It's why I've stressed the Root Cause, is Murray -- and replacing him is my ideal.
I get the valuation piece, sports franchises are wonky that way. I think ~$2bn is a reasonable guesstimate.
Lets spitball his ownership of that around $1.1b, with the remaining $900m, split in thirds amongst Libin, Markin, & McCaig. I of course have no idea what the split is, just that I've heard he is the majority owner.
Help me understand. Why would finding investors in 2026, be more difficult than 1994, and 1980? You have three other owners, that could step up too, perhaps just the younger McCaig. It happened with Ottawa, without a new rink, in a less desirable market.
My ideal, is Murray has an about-to, recognizing his string pulling is not working, and gives full autonomy to Craig.
Better yet, he sells his Flames majority share, sells RCR to VAIL, and in his newfound spare time takes ski lessons, and actually goes skiing. I'm not sure RCR has afforded him that ability.