OHL Expansion

[Kingpin794]

I know Flint well, and Flint had an IHL team back in the day that did well with attendance. IHL at that point was a feeder team for the NHL on the level of the AHL. The later UHL team was essentially a semi-pro league. Its like comparing the AHL now and your neighbor's beer league. USHL and OHL are far more close in terms of quality of play.

That's kind of the point though. The IHL back in the original days of the Generals and Gears meant something. The NHL wasn't this megabrand. Smaller pro leagues carried some weight. Then they didn't and no one cared about them anymore, so they didn't show up. Flint had an NAHL team. I don't believe it was well attended but you can correct me on that. And yes while the USHL is closer to the OHL that the UHL ever was to the OG IHL, it's still not a league people really care about. For a junior league, there aren't a large amount of high end prospects there. What are people going there to watch most nights? Outside of the NTDP, most guys will be what? 2nd and 3rd line NCAA players? At least with the OHL I know I'm watching a few future NHL stars on any given night. Honestly the OHL is a better product than the AHL. It's the best hockey for the money you'll get outside of the NHL.

 

[DubCee21]

I don't know where you've gotten this number from but I highly doubt that Zoldan is worth 30 billion. That's more than Steve Cohen.

I know Flint well, and Flint had an IHL team back in the day that did well with attendance. IHL at that point was a feeder team for the NHL on the level of the AHL. The later UHL team was essentially a semi-pro league. Its like comparing the AHL now and your neighbor's beer league. USHL and OHL are far more close in terms of quality of play.

A simple google search turned up several links with this number. His fireworks business alone brings in $100M/ yr and they've been around 40+ yrs. It's not a stretch to think $30B isn't unreachable through other ventures and investments. Also, his co-owner of the Phantoms, Murry Gunty, the CEO of Black Bear Sports( which owns many minor hockey teams and sports venues all over the US) is a multi billionaire who got much of his wealth through private equity and real estate.

 

[shenmue16]

That's kind of the point though. The IHL back in the original days of the Generals and Gears meant something. The NHL wasn't this megabrand. Smaller pro leagues carried some weight. Then they didn't and no one cared about them anymore, so they didn't show up. Flint had an NAHL team. I don't believe it was well attended but you can correct me on that. And yes while the USHL is closer to the OHL that the UHL ever was to the OG IHL, it's still not a league people really care about. For a junior league, there aren't a large amount of high end prospects there. What are people going there to watch most nights? Outside of the NTDP, most guys will be what? 2nd and 3rd line NCAA players? At least with the OHL I know I'm watching a few future NHL stars on any given night. Honestly the OHL is a better product than the AHL. It's the best hockey for the money you'll get outside of the NHL.

We're talking about Muskegon and Youngstown, two places with small fanbases and limited following of hockey. Youngstown is bottom two for attendance in the USHL. Moving to the OHL would bring a marginal increase, but either of these teams will likely still rank in the bottom five for attendance. I assume their cost of operating the team will increase heavily. But I highly doubt that switching from the USHL to the OHL is going to move the needle for their numbers. The US remains a difficult market, because I get the feeling that people in Flint barely notice the Firebirds, and nobody in Plymouth cared when the Whalers left. It's just a different beast versus Canada. My opinion is that junior hockey is just not as culturally significant for Americans.

A simple google search turned up several links with this number. His fireworks business alone brings in $100M/ yr and they've been around 40+ yrs. It's not a stretch to think $30B isn't unreachable through other ventures and investments. Also, his co-owner of the Phantoms, Murry Gunty, the CEO of Black Bear Sports( which owns many minor hockey teams and sports venues all over the US) is a multi billionaire who got much of his wealth through private equity and real estate.

There is a single link on a website called Naija News that lists his net-worth as $30B and a poster on Reddit that claims he's worth 30 billion. I don't think you realize how massive of a number that is. Dan Gilbert is worth about 33 billion and was ranked by Forbes as the third richest sports owner in the US. You're quoting a recent revenue number that doesn't take into account any financial cost of running a company. 100m in revenue is not 100m in profit. Even if that was true, Phantom would have to make that entire amount for 300 years to get anywhere near $30B. The entire fireworks industry in the United States is worth about $2.3B. Even considering other investments, there is absolutely no way that either of these investors is near the net worth that you think they're at.

 

[MJ5]

Kessler as Antitrust Litigator Could Reshape Junior Hockey

Famed litigator Jeffrey Kessler has been retained by the Youngstown Phantoms as team pursues entry into the OHL amid chaos in junior hockey industry.

www.sportico.com