Quote:
Originally Posted by PeteMoss
Two comments:
1) Don't think most fans are that concerned about the Flames getting a new arena. They are perfectly happy with what they have now. Fans would be more enthusatic if the location was changing or the old arena was falling apart.
2) Big piece missing is franchise value appreciation. That is in most cases the big return on these franchises (at least from what we know).
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Thanks meant to mention that I left franchise value out. Did this not to avoid a ownership win, but to me there are problems with it.
1) You don't get the value unless a) you sell and b) you find someone to actually pay that value.
2) The Flames franchise value went down last year. Trend? Is the hockey model broken?
Either way if the team is worth 400M or 410M it doesn't really take the sting out of losing $285M on an investment.