05-12-2024, 02:46 PM
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#21
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First Line Centre
Join Date: Aug 2004
Location: Olympic Saddledome
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If this is true, I can see it being one of two actions:
Either some or all of the other three owners are looking to sell for estate reasons, and Mr. Edwards doesn't want to buy their shares as he has with others, or
Mr. Edwards wants to monetize a piece of the large holding he has in CSEC, which he could do while still maintaining overall control.
Either way, it would be good to get new blood in the ownership team. Hopefully some or all of the new ownership would be Calgary based to some degree, continuing what has been the situation since 1980.
Other than CP users, who would be interested/have the wherewithal to pony up 8 or 9 figures for a piece of the team? Or would private equity firms want to buy a piece, which is an ongoing trend in sports ownership (about 1/3 of NHL teams have private equity firms as part owners).
__________________
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05-12-2024, 03:21 PM
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#22
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All I can get
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Get Danielle Smith to buy them.
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05-12-2024, 04:26 PM
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#23
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Franchise Player
Join Date: Oct 2014
Location: Springbank
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Quote:
Originally Posted by Julio
If this is true, I can see it being one of two actions:
Either some or all of the other three owners are looking to sell for estate reasons, and Mr. Edwards doesn't want to buy their shares as he has with others, or
Mr. Edwards wants to monetize a piece of the large holding he has in CSEC, which he could do while still maintaining overall control.
Either way, it would be good to get new blood in the ownership team. Hopefully some or all of the new ownership would be Calgary based to some degree, continuing what has been the situation since 1980.
Other than CP users, who would be interested/have the wherewithal to pony up 8 or 9 figures for a piece of the team? Or would private equity firms want to buy a piece, which is an ongoing trend in sports ownership (about 1/3 of NHL teams have private equity firms as part owners).
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It's not that clear - they could just be doing an equity raise where they issue new shares equivalent to a 20% overship and inviting new investment, not seeling existing ones. I think it's less likely though.
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05-12-2024, 04:30 PM
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#24
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Franchise Player
Join Date: Feb 2010
Location: Hyperbole Chamber
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I’m in for a hundred mil.
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05-12-2024, 04:33 PM
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#25
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Franchise Player
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I’m guess Saudi or Qatari sportswashing money.
Time for Murray to cash out the money he got for free from the government.
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05-12-2024, 04:44 PM
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#26
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That Crazy Guy at the Bus Stop
Join Date: Jun 2010
Location: Springfield Penitentiary
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The city should own 30% considering they gave the team a billion dollars.
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vennegoor of hesselink,
woob
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05-12-2024, 05:24 PM
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#27
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Franchise Player
Join Date: Sep 2003
Location: Calgary
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The NHL changed their ownership rules a few years back and private equity firms have started to buy chunks of teams.
https://www.sportico.com/business/te...nt-1234726328/
Dunno if that would be the case here.
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05-12-2024, 05:49 PM
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#28
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Franchise Player
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Quote:
Originally Posted by Freeway
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That’s really interesting. Thanks for sharing.
PE has steadily specialized. Could happen.
I wonder about a pension fund too.
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05-12-2024, 06:05 PM
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#29
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GOAT!
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@rrmcreynolds !
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05-12-2024, 07:42 PM
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#30
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Franchise Player
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Quote:
Originally Posted by Cecil Terwilliger
The city should own 30% considering they gave the team a billion dollars.
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Flames monetizing their corporate welfare before any dirt has even been lifted. What a time to be an NHL owner.
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05-12-2024, 07:51 PM
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#31
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Franchise Player
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If I owned an asset with 9 figures of unrealized capital gains and the inclusion rate was going from 50% to 66% I'd be thinking about realizing that before the deadline also.
Especially since at the age of many CSE owners a "deemed disposition" event is coming soon.
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05-12-2024, 07:55 PM
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#32
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First Line Centre
Join Date: Feb 2013
Location: Field near Field, AB
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Capital Gains Tax increase may create a greater urgency in the matter. But I guess if you deal in hundreds of millions it's small potatoes.
Jinx Bizaro86!!
Last edited by calgarywinning; 05-12-2024 at 07:57 PM.
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05-13-2024, 03:37 AM
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#33
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First Line Centre
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Quote:
Originally Posted by Cecil Terwilliger
The city should own 30% considering they gave the team a billion dollars.
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Imagine leveraging that position before you gave the money away...then pushing to list it and open the books.
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05-13-2024, 08:14 AM
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#34
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Ate 100 Treadmills
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Quote:
Originally Posted by activeStick
CP group buy at several tiers! 1st - $45,000, 2nd - $25,000, 3rd - $5,000. Let's go! All votes on business decisions once we become minority owners will be conducted in a CP Vote, remotely.
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We'd likely need about 1000 people willing to put in about $450,000 each..... Hold on let me call the bank. Don't tell my wife about the HELOC.
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05-13-2024, 08:32 AM
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#35
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All I can get
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W. Brett Wilson, c'mon down.
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05-13-2024, 08:39 AM
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#36
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Franchise Player
Join Date: Oct 2014
Location: Springbank
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Quote:
Originally Posted by Reggie Dunlop
W. Brett Wilson, c'mon down.
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He has nowhere near enough cash to do that.
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05-13-2024, 08:50 AM
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#37
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All I can get
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Quote:
Originally Posted by GioforPM
He has nowhere near enough cash to do that.
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Neither does the Endy guy, Rajen Ruparell.
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05-13-2024, 08:55 AM
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#38
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#1 Goaltender
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Quote:
Originally Posted by Reggie Dunlop
Get Danielle Smith to buy them.
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I don't know if David Parker has the funds to back her on that.
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05-13-2024, 08:56 AM
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#39
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Franchise Player
Join Date: Aug 2005
Location: Memento Mori
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Quote:
Originally Posted by Cecil Terwilliger
The city should own 30% considering they gave the team a billion dollars.
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They must have some really dumb lawyers at the city... or the Flames owners held fast and the city capituated.
__________________
If you don't pass this sig to ten of your friends, you will become an Oilers fan.
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05-13-2024, 09:10 AM
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#40
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Franchise Player
Join Date: Oct 2007
Location: still in edmonton
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Quote:
Originally Posted by Reggie Dunlop
W. Brett Wilson, c'mon down.
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not sure he'd be content with a minority share (I know he was with the Preds before but that was then.)
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