Truly shameful
Does that $244M in profit include the monies stolen from 50/50 and other charities, or is this just grift off the idiots paying $36 for a burger and fries. Does it include the hundreds in taxes each hovel in the city shells out for the sweetheart arena deal?
Amusingly Oiler fans seem proud of this. Are they really that dumb? They should be furious, and demand lower pricing. Or I guess they are just happy to be first in something, even if that something is real ####ty?
What else might the Oilers be first in?
I welcome your ideas
About 30 seconds into the video (all I could watch) talked about the increase in value from the Ice District Development. So real estate is driving the profit to that level not the Oilers themselves.
About 30 seconds into the video (all I could watch) talked about the increase in value from the Ice District Development. So real estate is driving the profit to that level not the Oilers themselves.
Please explain how a pre tax profit of $244M last year has anything to do with rising real estate value in ice district?
They aren't talking franchise value. They are talking year to year profit
I'm not so sure I believe that report. I have a hard time believing that the Oilers are that valuable and I question their cherry-picking of comparables.
For instance, they reference Manchester United (spits on floor) but even as far as soccer goes United are not the most valuable or profitable club by a long, long ways. They sit around 10th, maybe up to 8th depending on which figures you use.
But even then, United's annual revenues are somewhere in the vicinity of ~€800M per year. There is no way the Oilers even sniff that.
And thats with a stadium thats 115 years old, sure its been renovated a few times but still, and they've been competitively dog-crap for over a decade.
At the end of the day though, value lays in the eye of the beholder. Is anyone going to pay $3B for the Edmonton Oilers? Not a snowball's chance in Hell. Will someone pay £5-7B for Manchester United? Probably. Maybe not currently, but I wouldnt consider it outside the realm of possibility.
For instance however, if Katz walked into a bank tomorrow and asked for a $3B loan or line of credit backed by the assets of the Edmonton Oilers, would it be approved? I think he gets laughed out of the building because everyone would know that the asset used as collateral cannot possibly cover that loan.
Ergo...that valuation is a Fantasy.
The ROI on their 50/50 charity may get you that valuation.
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The ROI on their 50/50 charity may get you that valuation.
Yeah...but at the same time that may not be a grift everyone can or would want to pull off.
Edmonton is pretty notorious for having pull with the right people to look the other way, a new owner comes in? They may not be able to get away with that.
Or they might have morals. Who knows?
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The important part here is that McDavid took a paycut to make the owners richer.
No, because they wasted the money on the likes of Trent Frederic. The team is still spending to the cap (and as much over as they can get away with); the money isn't just going into Katz's pocket.
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Please explain how a pre tax profit of $244M last year has anything to do with rising real estate value in ice district?
They aren't talking franchise value. They are talking year to year profit
Watch the video. At the 15 second mark they talk about the recent increases in Ice Disctrict real estate put them in the same area as the Dallas Cowboys and Man United. I don't understand how Forbes includes it either but it is mentioned at the start of the video.
He shows zero confidence in his bottom 6 players & before the game really gets going those players are out of rhythm to give the team any meaningful minutes.
If you are any kind of support player on the Oilers you don’t have any role at all.
Hate to break it to them, but that's not something new under Knoblauch. When every coach resorts to the same strategies, it might say more about how the team is built than it says about the coach.
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Yeah that's pretty much on schedule. For the most part they start to blame their head coaches at around 150 games. Knoblauch has gone a little longer than that.
Jay Woodcroft: 133 games
Dave Tippet: 171 games
Ken Hitchcock : 62 games
Todd McLellan: 266 games
Now one could argue that those tenures are not really shorter than the NHL average. Which is true (it's about 2.5 years) but you wouldn't expect that type of turnover from a team that is in the absolute peak of their contention window.
