Huberdeau and Weegar Signing Discussion Thread

[ToraToraTora]

Originally Posted by Textcritic

Oh my God. Is this for real?

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When I worked in Parliament, I think it was east block that was basically surrounded by netting for falling masonry. Nothing makes things look more ghetto. And it really makes you take the "owners" of decrepit facilities much less seriously.

Of course, the raccoons that got in through 100 year old windows on a routine basis was worse.

[Textcritic]

Originally Posted by Duffalufagus

that dressing room is an embarrassment. full stop. does not belong in an NHL building. 15 years ago.

does it matter? probably not.

If it doesn't matter (it doesn"t) then why would it be embarrassing?

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[Bingo]

Wasn't there an engineering study done recently on rebar in the facility and the report came back with some fatigue and some rebar that couldn't be accessed and tested?

Made me feel pretty safe!

[sureLoss]

Originally Posted by Textcritic

Oh my God. Is this for real?

Sent from my SM-G986W using Tapatalk

Originally Posted by Bingo

Wasn't there an engineering study done recently on rebar in the facility and the report came back with some fatigue and some rebar that couldn't be accessed and tested?

Made me feel pretty safe!

https://www.cbc.ca/news/canada/calga...city-1.6406164

[activeStick]

Sounds like Markstrom likes the summer moves made by Treliving

https://twitter.com/user/status/1562395830581346306

[GreenLantern2814]

Originally Posted by activeStick

Sounds like Markstrom likes the summer moves made by Treliving

https://twitter.com/user/status/1562395830581346306

He’s right.

I just hope Marky’s been crushing tape on Connor McDavid all summer.

[howard_the_duck]

Originally Posted by sketchyt

I've been in the locker room on numerous occasions.

The Flames social media team needs their heads examined for the way this was shot. If their goal was to present an admittedly mediocre (at best) room in the worst possible light, they achieved it.

That being said, the room (and surrounding areas) is bigger than the video makes it seem. It's also much nicer. Probably the worst thing about it is the smell.

It is likely one of the worst ones in the league but a lot of the criticism is hugely exaggerated. Welcome to the internet, Flames social/marketing team.

As someone who's in marketing, I agree wholeheartedly.

[FlamesAddiction]

Originally Posted by Jay Random

The only people in the world with the resources and liquidity to simply blow half a billion dollars on a hobby project are Jeff Bezos and Elon Musk, and they have other hobbies – such as building their own spaceships and scaring the staff of Twitter.

Even Jeff Bezos has a lot of his wealth tied up in Amazon stock and and other assets that are not easily converted to cash. I read that although his net worth is over $200 billion, his cash on hand is actually between $50-100 million. Of course, there would be pretty liberal limits on how much he could borrow probably. It's been said that when you consider cash on hand, Floyd Mayweather is actually more wealthy that Jeff Bezos. I am not sure if that is just a myth though.

There is no doubt that Calgary needs a new arena very soon if the city wants to host an NHL team. I would say that if ground doesn't break with 5 years, that will be it, and it's not like it's going to get cheaper.

[mile]

Originally Posted by activeStick

Sounds like Markstrom likes the summer moves made by Treliving

https://twitter.com/user/status/1562395830581346306

Markstrom interview:
https://www.sportsnet.ca/nhl/video/g...algary-flames/

[tvp2003]

Originally Posted by mile

Markstrom interview:
https://www.sportsnet.ca/nhl/video/g...algary-flames/

Interesting stuff. First, that Treliving called Markstrom (in the middle of the night given the time zones) asking about Huberdeau as they played together briefly when Markstrom was with the Panthers.

Also, that Treliving quickly contacted (?) the rest of the team after the Tkachuk news was happening to reassure them that they were not rebuilding. Not sure exactly how that all went down; I wonder if Treliving already had an idea that a trade with Florida (with a good of not great return) was on the table.

[activeStick]

Treliving has had zero time off this summer... What a beast

[BoLevi]

Originally Posted by Jay Random

I know what you mean. And it's pretty clear that you think he has that kind of money just sitting around. He hasn't.

There are only two ways Murray Edwards could pay for a new arena himself. He could mortgage everything he owns, and risk going bankrupt if the share prices of his businesses crater. That's a real danger: his net worth dropped by round about a billion dollars a few years back.

Or he could sell off his businesses, which means dumping huge blocks of stock on a market that knows he will no longer be involved in running those companies, and getting back a fraction of their current market value.

The only people in the world with the resources and liquidity to simply blow half a billion dollars on a hobby project are Jeff Bezos and Elon Musk, and they have other hobbies – such as building their own spaceships and scaring the staff of Twitter.

He wouldn't need to liquidate much, if anything. The idea behind financing it is so that he wouldn't have to pay cash. Nobody would pay cash - you get a consortium of banks/lenders to build the thing, and then you make the loan payments out of the future cash flow of the asset.

Flames tickets, concerts, events, food sales - that's what pays for the building over 20 years. Just like any other business decision.

[dustygoon]

Originally Posted by FlamesAreOne

I have it on good authority Weegar was actually very impressed with the Flames facilities (locker room probably aside). Florida doesn't have a number of amenities we have behind closed doors.

What's the hold up? Did our dressing room not come with a bic pen and a hard surface that could be used to sign a few measly pieces of paper?

[dustygoon]

Originally Posted by topfiverecords

He was visiting to find a place to live and move into before camp.

If he was about to sign, then he holds that trip up and signs while in Calgary. I don't think they are close. Just guessing.

[Fighting Banana Slug]

Originally Posted by BoLevi

He wouldn't need to liquidate much, if anything. The idea behind financing it is so that he wouldn't have to pay cash. Nobody would pay cash - you get a consortium of banks/lenders to build the thing, and then you make the loan payments out of the future cash flow of the asset.

Flames tickets, concerts, events, food sales - that's what pays for the building over 20 years. Just like any other business decision.

But if you are leveraging against the CNRL stock (his biggest asset, presumably), then he gets in real trouble if that stock takes a tumble. It would likely force him to sell at the worst time. This is what J. Random is talking about.

Edit: I guess you are saying the Flames/building are the collateral in this scenario? That consortium better be huge Flames fans to lend anything close to the value of the building in that circumstance.

[FlamesAddiction]

Originally Posted by Fighting Banana Slug

But if you are leveraging against the CNRL stock (his biggest asset, presumably), then he gets in real trouble if that stock takes a tumble. It would likely force him to sell at the worst time. This is what J. Random is talking about.

Edit: I guess you are saying the Flames/building are the collateral in this scenario? That consortium better be huge Flames fans to lend anything close to the value of the building in that circumstance.

Not to mention the high interest rates now. It's not a great time to be borrowing.

The best deal to build this thing is in the past now. Even though costs were rising because of steel and other commodities, it was never going to get less expensive in the future. Now things have gotten worse. Both sides were stupid for letting the deal fall.

[Toonage]

Originally Posted by sureLoss

https://www.cbc.ca/news/canada/calga...city-1.6406164

sureLoss with literal breaking news

[Muta]

Originally Posted by FlamesAreOne

I have it on good authority Weegar was actually very impressed with the Flames facilities (locker room probably aside). Florida doesn't have a number of amenities we have behind closed doors.

That's awesome to hear! Wonder if that also included WinSport, where the Flames have practiced / trained too - Florida definitely doesn't have one of those...

[Jay Random]

Originally Posted by BoLevi

He wouldn't need to liquidate much, if anything. The idea behind financing it is so that he wouldn't have to pay cash. Nobody would pay cash - you get a consortium of banks/lenders to build the thing, and then you make the loan payments out of the future cash flow of the asset.

The problem is, a fancy new arena in a city the size of Calgary is a money-losing proposition. No banker in the world will agree to finance it out of its future cash flow, because it's not going to pay for itself.

That's why public money is needed, or failing that, a huge down payment out of the owner's own money – which he can't get without mortgaging or selling his other businesses.

[Toonage]

The NHL doesn't seem to care about arena size (or oddball naming) so why not just build an arena half the size of what they originally proposed here?

/s