Thank-You Ownership Group

[Strange Brew]

Originally Posted by Locke

You would own it as long as your days. Thats the point.

I've banged this drum many, many times but I'll reiterate, hockey teams dont make much money on operations. They try, but operations essentially cover...well...operations.

However the Calgary Flames were purchased in 1980 for $16M. Adjusted for inflation thats about $60M today.

Forbes says that today they are valued at $680M.
https://www.forbes.com/teams/calgary...h=53c768231905

Not a bad return. Even factoring in years of losses, losses which were probably funneled into the owner's other more profitable businesses, or just held for when the Flames did turn profits.

Not a bad return on investment either way you slice it. Its like a toy that pays for itself.

Yep owning a Picasso or Rembrandt probably costs money too. I imagine there is some degree of maintenance and care required with no operating income coming in. Yet private art collectors seem to like owning such things.

[Locke]

Originally Posted by Strange Brew

Yep owning a Picasso or Rembrandt probably costs money too. I imagine there is some degree of maintenance and care required with no operating income coming in. Yet private art collectors seem to like owning such things.

The other beauty of it is that when you have that much equity in an asset, you can borrow against it at rates that are cheap like borscht.

[Goriders]

Originally Posted by Bingo

So put me on ignore, honestly don't care.

I'm going to continue to be me, which is very much a person that doesn't go to the emotional edges of every topic.

You should try it sometime!

Life is very rarely 100% right or wrong on most issues.

The Flames spend to the cap, that's something to be happy about. I don't know if I would thank owners for it personally, but nor would I turn one fan doing so into a drive by shooting of people in society with money either.

Never said I was expecting any billionaire to give me anything.

Not even a pocket dog or a chocolate swirl?

[PepsiFree]

Honestly a free pocket dog in exchange for a personal “thank you” from me is just about fair value and what I would expect.

[timun]

Originally Posted by PepsiFree

I would like to thank Budweiser for always putting beer in their cans

Spoiler!