Quote:
Originally Posted by powderjunkie
For the Flames to move, ALL of the following would have to happen:
1. A non-local buyer offers more than a local buyer, and is willing to pay an additional $200M relocation fee (some speculate higher, but IMO this is realistic)
2. The price Murray & Co. agrees to sell for would also have to be less than what another NHL owner would except (i.e. why would someone pay Murray $600M when Meruelo (or Melnyk) might find it hard to refuse an offer of say $500M?)
3. The league and BOG would have to decide that the arena extortion game is more important than general stability and revenues.
#3 is anybody's guess (pre-COVID they might have favoured extortion, but I'm not so sure right now), but it's pretty tough to fathom conditions #1 and #2 existing at the same time - at least while the Coyotes and Sens are in more distressed situations.
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I believe that the value of the new venue was baked into the 2021 valuation of the Flames, which is why it increased 42% YOY, the 5th most among NHL franchises. Without a new building, why would the value of the Flames increase more than most other franchises?
I'm pretty sure the Flames would not be valued at $680M today.
And the league is more concerned about long-term revenues than current revenues. With the current facilities, the Flames have the lowest potential revenue of any NHL franchise, and that discrepancy will only increase over time.