MountainHawk
Registered User
The NHL is really clever, and I expect their lawyers are, the mere act of filing for bankruptcy puts their loan in default, whether or not the cash is paid on time, and therefore they can take over the assets.
Balsillie puts in $212.5 mil offer for the Coyotes
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possible but wouldnt it be something if they both made the playoffs?
what a night mare .
even crazier if they have to face each other in the playoffs
Not the case, sorry.
The Leafs have 15,436 season ticket holders (per an article in the Star in October 2007).
That is approximately 78% of available tickets (too lazy to do the math, but the Leafs have about 20,000 seats, counting suites, extra suite tickets, etc.).
MountainHawk
Registered User
Fact:
Jim Balsillie illegally back dated executive options, and was forced to pay millions in fines, many more millions in restitution, AND step down from the board of directors of RIM for a year because of his illegal activity.
Ward Cornell
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possible but wouldnt it be something if they both made the playoffs?
what a night mare .
even crazier if they have to face each other in the playoffs
Even crazier still that you thought the Leafs would ever make the playoffs!
you're competing w/ the same corporate entity in MLSE, that owns the Leafs & Raptors, Ward, AND ALSO likely has a stake in Ricoh where the Marlies (another MLSE entry) are based.
kdb209
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- Jan 26, 2005
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http://www.hockeydb.com/ihdb/stats/...tname=&tcity=Phoenix&tstate=&tleague=&y1=&y2=
Phoenix Apaches (Phoenix, AZ) - 1958-1959 - California Hockey League (1954-1963)
Phoenix Roadrunners (Phoenix, AZ) - 1967-1974 - Pacific Coast Hockey League (1944-1952) - Western Hockey League (1952-1974)
Phoenix Roadrunners (Phoenix, AZ) - 1974-1977 - World Hockey Association (1972-1979)
Phoenix Roadrunners (Phoenix, AZ) - 1977-1979 - Pacific Hockey League (1977-1979)
Phoenix Roadrunners (Phoenix, AZ) - 1977-1978 - Central Professional Hockey League (1963-1968) - Central Hockey League (1968-1984)
Phoenix Roadrunners (Phoenix, AZ) - 1989-1997 - International Hockey League (1945-2001)
Phoenix Cobras (Phoenix, AZ) - 1993-1995 - Roller Hockey International (1992-1999)
Phoenix Coyotes (Phoenix, AZ) - 1996-2009 - National Hockey League (1917-2009)
Phoenix Mustangs (Phoenix, AZ) - 1997-2001 - West Coast Hockey League (1995-2003)
Phoenix Roadrunners (Phoenix, AZ) - 2005-2009 - East Coast Hockey League (1988-2009)
Even crazier still that you thought the Leafs would ever make the playoffs!
be a riot if the second team in Toronto wins the cup before the Leafs huh?
Wheels
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- Aug 22, 2004
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Considering that MLSE wouldn't allow an OHL team to play out of Maple Leaf Gardens, and how resistant they've been to any team even remotely near their territory (Hamilton, K/W), I highly doubt they'd consent to having another team play out of the arena that they own.
Ward Cornell
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yes....but not for the garbage you previously spewed out.
It was for internal accounting which like someone else stated is/was common practice.
GKJ
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- Feb 27, 2002
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Why would he do that if he's going to build an arena that he's going to own? Especially after he renovated Copps' on his own dime.
Marc the Habs Fan
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Ward Cornell
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If he doesn't have to spend 300,000,000+ then why would he want to build. Like i noted before he would need to compete with MLSE for concerts and such to make the new arena financing work!
Really? The supposedly billions of fans in southern Ontario would be up in arms over too many teams in southern Ontario? This "hockey-mad" hotbed which could support half a dozen teams, according to some? They would certainly award new franchises, to monetize the asset that is southern Ontario.
As well, if Florida decides they want to move to the area, what is JB going to do to stop that? Answer: precisely nothing, nor could the NHL if JB was eventually able to move.
In case you don't know, by the way, this "idle threat" is essentially what the NFL did to the Oakland Raiders back in the day. The Raiders were pressing for a new stadium in LA, when the NFL started talking about an LA franchise in the vicinity, effectively screwing Al Davis over and effectively forcing him to go back and shake down Oakland one more time (which he did).
GKJ
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- Feb 27, 2002
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He does have it though, and his potential investments would pay for themselves.
JIM is in a good position .
212 million for a bankrupt team?thats full price for that club.
I just witness a bankruptcy where a company had 2 billion in assets filed for bankruptcy and ended up with $510 million .
id be suprised if the court can find a higher offer than 212 million or anywhere close! especially in the economic situation the world is in today . will be funny to see how its can spun(by you know who) to try to get the court to accept much lower offers.
Looks like Wayne could be coming back home
212 million for a bankrupt team?thats full price for that club.
I just witness a bankruptcy where a company had 2 billion in assets filed for bankruptcy and ended up with $510 million .
id be suprised if the court can find a higher offer than 212 million or anywhere close! especially in the economic situation the world is in today . will be funny to see how its can spun(by you know who) to try to get the court to accept much lower offers.
Looks like Wayne could be coming back home
Wheels
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- Aug 22, 2004
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No, just...no. Even if Balsillie wanted to do this, there has been absolutely zero indication that MLSE would want to do this.
Balsillie's stated M.O. is to move a team to somewhere that doesn't already have a team within the southwestern Ontario region - Hamilton, K/W, even Mississauga or the Vaughan/York region areas would apply.
Not another team at the ACC - that team would just be the L.A. Clippers. They'd be the redheaded stepchild to the Leafs, their landlords - they'd get third crack of dates behind the Leafs and Raptors.
I think the strongest data point in favor of "pent up NHL demand" in Toronto is the ticket price. It seems to indicate strong demand pressure on a limited supply of seats.
Stanley Foobrick
Clockwork Blue
Toronto will not allow anyone in their territory. I believe a cash payment deal could be made with Buffalo. London Ontario... welcome to the NHL.
He doesn't "have it". His wealth is to a vast extent RIM shares. He would have to sell a ton to pay for an arena. He would also have to sell a ton more in order to pay for the capital gains taxes that he would have to pay by selling them (a sort of grossing-up, for the accountants out there).
No, the only way an arena is built (or renovated) is by financing it.
GSC: Can lay out in plain English why the NHL would prefer to avoid the chapter 11 courtroom--is it just a question of control over who gets the team--or a matter of money?
Not really.
Leaf tickets are arguably what is known as a "Veblen good". Veblen goods prices are dictated to a large extent by the status symbol that they represent - not demand.
GKJ
Global Moderator
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Well then, I'm sure it wouldn't be difficult to find a couple of minor investors if this is the case. The guy is a billionaire though. He would get it done when the chips are down, he's been trying this for how many years?
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