Hurricanes sale formally closed, Tom Dundon now majority owner
- Thread starter viper0220
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Nah..no news is good newsNo Canes news.....
No Coyotes news.....
It’s a total nightmare.
Believe in Bettman
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Fair enough. We'll leave it at that.
No, we shouldn't be making excuses. That's why I was wondering if you knew the actual distance for both markets. I don't, which is why I was asking. I was wondering how much farther that Senators fans had to travel from downtown Ottawa to Canadian Tire Centre compared to how far Oilers fans had to travel from downtown Edmonton to Rexall Place.
DB, I only now figured out what you saying. I think the Canadian tire centre is about about 25 minutes farther from downtown Ottawa then Rexall was from downtown Edmonton.
It`s almost the end of the year and no noise. Have to think NHL brass is as worried as we are...
Killion
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- Feb 19, 2010
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.... its a tad disconcerting MM.... absolutely.... elderly rogue owner concerned about legacy issues, needs to cash in those chips, seems to think there worth a lot more than they objectively are where is as is and no takers.... eventually, and every month & year that passes, he's not getting any younger, his patience is not infinite & I cant think of anything happening in the near term that would justify that asking price where is as is.... real conundrum. Really hard to get a bead on this as really there hasnt been much of anything forthcoming from the NHL, from Gary Bettman. He'll likely be asked about it at the ASG in late January, might give us some clue as to what the Leagues position is on all of this. What the timeline might be, whether or not PK is "open, flexible" or what?
I don't think the owner of Nashville or Arizona would get away with this. Why the lack of info? I think he is impeding the sale more then anything..... its a tad disconcerting MM.... absolutely.... elderly rogue owner concerned about legacy issues, needs to cash in those chips, seems to think there worth a lot more than they objectively are where is as is and no takers.... eventually, and every month & year that passes, he's not getting any younger, his patience is not infinite & I cant think of anything happening in the near term that would justify that asking price where is as is.... real conundrum. Really hard to get a bead on this as really there hasnt been much of anything forthcoming from the NHL, from Gary Bettman. He'll likely be asked about it at the ASG in late January, might give us some clue as to what the Leagues position is on all of this. What the timeline might be, whether or not PK is "open, flexible" or what?
Killion
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- Feb 19, 2010
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Yeah, and we dont know if its deliberate, if he genuinely believes the franchise worth that much & is holding out hoping like Hell someone stroll out of the Sun & "no probs" or what? Rather like Arizona with the Leagues fixed price of $140M~$170M as losses increased & they needed to get that amount covered or no sale (though there they had a lot more latitude, went way off-grid but still) he's obtusely apparently sticking to that high valuation, asking price. Then the other dynamic that comes into play here is lets say he does drop the asking price to $350M or in that range, an established club with a Cup etc, you get the arena, all that when the new paradigm is $500M? Some serious dysfunction goin on here. The only serious offer was from a Moon Shot Artist. Fine if a league owned asset & they played ball with IceArizona & Barroway but this, this an entirely different situation. PK wants cash money, none a this performance based lease to own nonsense, show me the money. Cant really blame him. Its complicated.
.... its a tad disconcerting MM.... absolutely.... elderly rogue owner concerned about legacy issues, needs to cash in those chips, seems to think there worth a lot more than they objectively are where is as is and no takers.... eventually, and every month & year that passes, he's not getting any younger, his patience is not infinite & I cant think of anything happening in the near term that would justify that asking price where is as is.... real conundrum. Really hard to get a bead on this as really there hasnt been much of anything forthcoming from the NHL, from Gary Bettman. He'll likely be asked about it at the ASG in late January, might give us some clue as to what the Leagues position is on all of this. What the timeline might be, whether or not PK is "open, flexible" or what?
Why does he need to cash in those chips? He is only 74. Bernie Sanders is older than him and he just ran for president a year ago. If he doesn't have any health problems (outside of simply being old) he isn't going to be in any hurry to sell. The team has 7 years on its lease and is either slightly profitable or whatever losses it has are within PK's ability to absorb. I don't see why the NHL would panic. Now if they didn't sign the 5 year lease extension way back when and the lease still expired in 2019 ok maybe there would be some reason for people to be concerned. As much as an avowed relocationist as I am, I don't see anything happening with this team unless something happens to Karmanos health-wise or we get close to 2024.
powerstuck
Nordiques Hopes Lies
Well only answer is that Karmanos he, himself, stated he was looking to sell to turn the page to other things. He doesn't wanna leave this world and leaving a heritage worth $400 millions (his own estimate too) to his young children in a form of a hockey team. At 74 he could still keep going but at that age you may die suddenly as well.
Killion
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Ask him aqib .... and ya, your absolutely correct. He's 74. Im guessin in good health. Maybe he hangs in there for another 3-5-7+ years. No idea. Youd think no rush but as powerstruck mentions above, as discussed & reported, he wants to sell.
I made the comparison a couple of times to the empty nest couple who can't pull the trigger on downsizing. It looks to me that while he realizes selling is the logical thing he needs to do at some point his heart isn't all in on selling. So he's going to hang on until he either gets blown away by an offer, his health starts to deteriorate, he gets close to the end of the lease, or he faces financial pressures.
Glacial
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- Jan 8, 2013
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There's:
on life support but still at least marginally there for a time
on life support but a mindless vegetable (like that Florida woman or Israel's Prime Minister from the early-mid 2000s)
living dead (like Chernobyl liquidators in that month inbetween)
dead dead
just pining for the fjords
undead (where the Coyotes seem to be at)
This deal doesn't seem to be anywhere on the alive vs. dead spectrum, it seems to be of the "as it turns out, this person never even existed" spectrum.
It's certainly a bit too quiet. The initial agreement was announced with much fanfare, but of course, it was all written in pencil and predicated on things that hadn't yet happened. A follow-up look makes the likelihood of the sale (under the original agreement) look uncertain.
It depends on how he physically feels. Sure, Illitch died at 87. Maybe it's a rational or irrational concern of his. Maybe he wants to cash out while he's still alive to reap the benefit of turning a hefty profit on the WhalerCanes. Maybe he's concerned only he could get a good sale price and his lawyers and heirs don't have the business acumen or negotiation skill that he has. Maybe he has a slow-developing condition that might impair his faculties years later. His health is a complete unknown to the public other than 'he looks well enough' (certainly better than the Senators owner before his life-saving transplant. That was a rather shocking image). We don't really know what is motivating the sale now beneath the surface statements about it Karmanos has made.
At advanced age, it seems owners usually try to go all in, wanting a championship, unconcerned with the long road back to contention it leaves (Illitch with the Tigers) or wanting to experience a team (Foley with the Golden Knights). Reinsdorf with the White Sox, at age 80, approved a rebuild of the team and some rather stunning trades of ace pitchers (Sale & Quintana). White Sox & baseball fans didn't believe he would go in for a rebuild after the 21st Century for the Sox was all about focusing on contention, constantly trading the farm system for MLB-ready players, leading to a barren farm and years this decade where they had only an outside shot at contention in the best case scenario, not to mention a pervasive belief that the fandom wouldn't accept having to wait through years of bad teams that a rebuild usually has. It was an old strategy that they kept pushing the buttons for like conditioned mice in a lab experiment even after the button stopped dropping down the peanuts. So, it depends on the person. Some might be willing to take a longer view despite being over 80.
powerstuck
Nordiques Hopes Lies
You know, owning a hockey team isn't sitting the whole day in your chair smoking the pipe and looking at your bank account grow every minute.
Maybe, just maybe, Karmanos want's a worry free pension with his family. He worked hard his whole life, at 74 he may wanna enjoy it a bit more.
I know, I would.
Maybe, just maybe, Karmanos want's a worry free pension with his family. He worked hard his whole life, at 74 he may wanna enjoy it a bit more.
I know, I would.
tarheelhockey
Offside Review Specialist
edog37
Registered User
74 is honestly pretty young in today's age and especially for a very high net worth individual in a country with high international standards with access to private medical care and catering. With good lifestyle choices and preventative frequent medical attention it isn't unreasonable to expect barring accidents to live to 90. If he was in his 80s, I would expect personal health to take a much bigger role on this stage.
My point is, that it seems that we on this board have overestimated his sense of urgency. Canes fans would like to see it done so that the vultures will stop circling over the franchise. Relocationists want to see the team sold to whatever city they are rooting for. Maybe we all read too much into the sale of the Plymouth Whalers and are assuming he has a greater sense of urgency than he actually does.
Hal1971
Registered User
Francois Gagnon from RDS (French TSN) wrote in an articles that the Canes are sold to Thomas Dundon from Dallas, the deal is almost done and will we be presented to the governors at the next meeting. No word yet on price or if Canes will stay in Carolina.
http://www.rds.ca/hockey/lnh/les-hurricanes-de-la-caroline-bientot-vendus-1.5877378
http://www.rds.ca/hockey/lnh/les-hurricanes-de-la-caroline-bientot-vendus-1.5877378
SlyIslands
Registered User
With the news that Houston might seek a team, seems like rumors for a move will start again.
sctvman
Registered User
tarheelhockey
Offside Review Specialist
Whoa... if it checks out, that's completely out of left field.
Wonder if that's what Karmanos meant by "moving on to the next bidder" (or however he said it) if Greenberg didn't get his act together soon.
Wonder if that's what Karmanos meant by "moving on to the next bidder" (or however he said it) if Greenberg didn't get his act together soon.
AllezlesBleus
Registered User
You're not telling the whole story. According to Gagnon, Dundon would be a partner with Karmanos.
"D’autres informations émanant de Raleigh confirment l’intérêt de Thomas Dundon pour les Hurricanes, mais laissent toutefois entendre qu’il s’agirait davantage d’une association entre messieurs Karmanos et Dundon qu’une acquisition de la part du Texan."
Translation: Other informations coming from Raleigh confirms Thomas Dundon's interest for the Hurricanes, but we hear that we are talking more about an association between mr. Karmanos and Dundon than an actual takeover by the Texan."
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tarheelhockey
Offside Review Specialist
^ And that arrangement sounds exactly like what PK was looking for.
Cautiously optimistic... so far.
Cautiously optimistic... so far.
Mightygoose
Registered User
Hope this comes together and ends the uncertainty for the franchise at least for the short to mid term.
With the BoG meetings coming up, we'll know by the end of next week if this thing has serious legs.
If it does then this story gets broken by the French Canadian media out of all places, imagine that
With the BoG meetings coming up, we'll know by the end of next week if this thing has serious legs.
If it does then this story gets broken by the French Canadian media out of all places, imagine that
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