Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - [Rumour] 49% of Coyotes for sale. UPD: Forbes says Coyotes lost $50 million last season.

FlamesFanTrev · 07-17-2018, 10:02 AM

Excerpt from Forbes 2017 NHL francise value

https://www.forbes.com/pictures/5a1c.../#5214349d2fa8

Barroway bought control of the Coyotes in early 2015 for $305 million. The $240 million valuation consisted of $60 million of equity and $180 million of debt. IceArizona, which bought the Coyotes in 2013, made out well in the deal, taking out $90 million in cash from the sale to Barroway, roughly doubling its $45 million equity investment. But Barroway and the Coyotes are now leveraged to the hilt. As of now, the Coyotes have $250 million of debt consisting of $100 million from the NHL credit facility and two loans from MGG Investment Group; one for $100 million with about a 10% interest rate and a payment-in-kind loan for $50 million that would be redeemed in six years for $100 million.

07-17-2018, 10:02 AM	#14
FlamesFanTrev Scoring Winger Join Date: Sep 2016 Exp:	Excerpt from Forbes 2017 NHL francise value https://www.forbes.com/pictures/5a1c.../#5214349d2fa8 Barroway bought control of the Coyotes in early 2015 for $305 million. The $240 million valuation consisted of $60 million of equity and $180 million of debt. IceArizona, which bought the Coyotes in 2013, made out well in the deal, taking out $90 million in cash from the sale to Barroway, roughly doubling its $45 million equity investment. But Barroway and the Coyotes are now leveraged to the hilt. As of now, the Coyotes have $250 million of debt consisting of $100 million from the NHL credit facility and two loans from MGG Investment Group; one for $100 million with about a 10% interest rate and a payment-in-kind loan for $50 million that would be redeemed in six years for $100 million.