Ownership situation

[Bleach Clean]

Drance seems to anchor what's been happening in real estate in general, with how laser focused the Aquilini family is on playoff revenue. The prompt was the Kypreos rumour about the family thinking about selling.

The franchise valuation has ballooned to $2B from $250m. It makes sense that the family would want to cash out. Especially with the backdrop of the family being "tired" of fan backlash.

 

[Kevinsane]

If Francisco wants your opinion he’ll beat it out of you. That family reminds me of the one in two of the best movies ever made.

 

[andora]

Just need the buyer to own a pedal bike

 

[StreetHawk]

Drance seems to anchor what's been happening in real estate in general, with how laser focused the Aquilini family is on playoff revenue. The prompt was the Kypreos rumour about the family thinking about selling.

The franchise valuation has ballooned to $2B from $250m. It makes sense that the family would want to cash out. Especially with the backdrop of the family being "tired" of fan backlash.

I doubt fan response bothers them. Frank turns 65 this year. Is there an heir apparent for him within 5 years? If not, makes sense to begin looking to move off the team.
The grandkids may prefer to remain out of the spotlight of the Canucks.

 

[bandwagonesque]

I like necro'd threads because I see how many posters I've completely forgotten about yet remember in detail. The storage capacity of the mind is functionally limited only by our attention span.

 

[Fatass]

Drance seems to anchor what's been happening in real estate in general, with how laser focused the Aquilini family is on playoff revenue. The prompt was the Kypreos rumour about the family thinking about selling.

The franchise valuation has ballooned to $2B from $250m. It makes sense that the family would want to cash out. Especially with the backdrop of the family being "tired" of fan backlash.

With the next expansion fee apparently to be 2 billion the Canucks, with rink, got be at least 2.5. That’s a tidy 2 billion profit for the family. The big question though: is there a local ownership group with that kind of money? Could be another Van Grizzlies thing.

 

[JAK]

With the next expansion fee apparently to be 2 billion the Canucks, with rink, got be at least 2.5. That’s a tidy 2 billion profit for the family. The big question though: is there a local ownership group with that kind of money? Could be another Van Grizzlies thing.

That is one way to do it, sell it to some rich guy in Houston who moves the team there.

Completely tarnish their family's tiny bit of reputation that their lawyers and PR worked so hard to maintain .

Would be fitting, 94 riot, 2011 riot, 2028 riot when the team moves. Every 17 years.

 

[FilHronek Orchestra]

That is one way to do it, sell it to some rich guy in Houston who moves the team there.

Completely tarnish their family's tiny bit of reputation that their lawyers and PR worked so hard to maintain .

Would be fitting, 94 riot, 2011 riot, 2028 riot when the team moves. Every 17 years.

We'd have an expansion team before long, without Aquilini involvement. Sounds good.

 

[HairyKneel]

If Francisco wants your opinion he’ll beat it out of you. That family reminds me of the one in two of the best movies ever made.

Frank couldn't beat the shit out of a dirty diaper.

 

[Brookbank]

Our owner is a wanker but I'm glad he's not this big of a wanker

 

[rypper]

You guys fear mongering the team being moved anywhere can change out of your pee pee soaked drawers anytime and grow up. The team isn't getting moved. Gary and the NHL will never approve it.

They will never move the team out of a successful Canadian market. Even in the depths of Jim Benning burning money playing GM the team was still a "have" franchise not a "have not."

 

[me2]

You guys fear mongering the team being moved anywhere can change out of your pee pee soaked drawers anytime and grow up. The team isn't getting moved. Gary and the NHL will never approve it.

They will never move the team out of a successful Canadian market. Even in the depths of Jim Benning burning money playing GM the team was still a "have" franchise not a "have not."

You'd need a really big truck, like really, really big to move a stadium. Owning your own stadium makes it near impossible.

 

[Jyrki21]

Reposting, because the Canucks moving makes no sense:

I don't believe the Canucks were actually in danger of moving in the Brian Burke "one phone call" days, and I certainly don't believe they would be now.

I agree it probably isn't a local owner, but this isn't an MLS team playing in a rented stadium -- it is one of the most reliable markets in a Big Four sports league. If the Senators could find an Andlauer, I don't doubt the Canucks could find a buyer too. Whether that's some Toronto conglomerate, a Hong Kong billionaire or a new attempt by Ryan Reynolds to put together an investors' group, I think it could be done. If the Canucks ever left Vancouver, the city would automatically just become the top expansion/relocation destination with a bullet (maybe second to Houston depending on the state of the Canadian dollar).

 

[beachcomber]

You guys fear mongering the team being moved anywhere can change out of your pee pee soaked drawers anytime and grow up. The team isn't getting moved. Gary and the NHL will never approve it.

They will never move the team out of a successful Canadian market. Even in the depths of Jim Benning burning money playing GM the team was still a "have" franchise not a "have not."

The Buffalo Sabres of Canada. Always have been and always will be.

 

[RandV]

Reposting, because the Canucks moving makes no sense:

Yeah that was basically a thing because of the at the time low value Canadian $$$, free for all UFA marketplace, two very small market Canadian franchising having been move, and most importantly Burke being a complete blowhard. Overall a pretty good GM, but that 'I'll drive him to the airport myself' attitude was his biggest weakness.

The Canucks were never going to be moved back then and anyone talking about it happening now are just choosing to enjoy themselves by wallowing in misery.

 

[StreetHawk]

Yeah that was basically a thing because of the at the time low value Canadian $$$, free for all UFA marketplace, two very small market Canadian franchising having been move, and most importantly Burke being a complete blowhard. Overall a pretty good GM, but that 'I'll drive him to the airport myself' attitude was his biggest weakness.

The Canucks were never going to be moved back then and anyone talking about it happening now are just choosing to enjoy themselves by wallowing in misery.

Canucks are not moving but the days of a single entity owner is likely at an end. Limited billionaires in the lower mainland. Jimmy Pattison is near the end. Chip Wilson I doubt is interested. Unless Gaglardi wants to sell the Stars and buy his local team.

Could be like the leafs where you need a conglomerate.

I do think this rumour stuff is basically more a succession issue as I doubt the 2 younger brothers children are interested in running the Canucks after Frank steps aside.

There is a boatload of equity in the Canucks which they can capitalize on whenever the time to sell does come.

 

[JAK]

People underestimate the greed of billionaires.

What is stopping Franky Blueberries from selling the franchise but keeping the arena, to rip it down and build condos?

The land is very valuable, but there is no rules when it comes to greed

 

[Jerry the great]

People underestimate the greed of billionaires.

What is stopping Franky Blueberries from selling the franchise but keeping the arena, to rip it down and build condos?

The land is very valuable, but there is no rules when it comes to greed

Who in their right mind is doing that deal without the arena being part of it?

 

[StreetHawk]

Who in their right mind is doing that deal without the arena being part of it?

Rogers arena compared to others in the NHL/NBA is at a disadvantage due to the limited square footage of the non viewing portion. The newer revenue generation features are not really in the 18K seats. So, with narrow concourse that does limit it.

But, building a new arena is massively expensive. And where is a large chunk of land that can be purchased to accommodate? Aside from the land that Kerfoot wanted by the Waterfront (since an NHL arena can easily fit into a soccer field, where else can you go that is convenient for Sky Train?

If the new owner wants to build a new one, then you can see them play out of Rogers for another 4 years until one is greenlit and rubberstamped. Then the Blueberries can do whatever they wish to with that land.

 

[credulous]

Who in their right mind is doing that deal without the arena being part of it?

i think ownership is too cheap to do it but the arena will be the second oldest unrenovated building in the league once the saddledome and canadian tire centre are gone and the united center (chicago), honda center (anaheim) and delta center (salt lake city) renovations are done

only st louis will be playing in an older, unrenovated building

 

[Jerry the great]

i think ownership is too cheap to do it but the arena will be the second oldest unrenovated building in the league once the saddledome and canadian tire centre are gone and the united center (chicago), honda center (anaheim) and delta center (salt lake city) renovations are done

only st louis will be playing in an older, unrenovated building

Sure, I don't disagree that the arena is old, but who in their right mind buys the Canucks without having ROFR over the arena for as long as they need it (possibly while a new one is built elsewhere).

 

[credulous]

Sure, I don't disagree that the arena is old, but who in their right mind buys the Canucks without having ROFR over the arena for as long as they need it (possibly while a new one is built elsewhere).

part of the problem with the arena is the viaducts and the towers the aquilinis have added make it very difficult to expand the concourses. there isn't really a viable path to renovating the building to bring it up to the standards of most of the other arenas in the league. a new owner who buys with the understanding a new building is needed probably isn't going to want to buy the current building. they'll just work out a lease agreement to cover the construction time

 

[Jyrki21]

But, building a new arena is massively expensive. And where is a large chunk of land that can be purchased to accommodate? Aside from the land that Kerfoot wanted by the Waterfront (since an NHL arena can easily fit into a soccer field, where else can you go that is convenient for Sky Train?

Boom, right here:

1) No state tax -- we're finally on par with Florida and Texas!
2) Easy drive from South Delta, where you can also put the practice facility.
3) No more long commute for the Messiers, Mogilnys and Tortorellas of the world
4) Great opportunity to put drop-boxes for Amazon.com packages in the arena
5) Fans will need to be 21 to buy beer, so fewer fights in the stands

 

[SeawaterOnIce]

Rogers arena compared to others in the NHL/NBA is at a disadvantage due to the limited square footage of the non viewing portion. The newer revenue generation features are not really in the 18K seats. So, with narrow concourse that does limit it.

But, building a new arena is massively expensive. And where is a large chunk of land that can be purchased to accommodate? Aside from the land that Kerfoot wanted by the Waterfront (since an NHL arena can easily fit into a soccer field, where else can you go that is convenient for Sky Train?

If the new owner wants to build a new one, then you can see them play out of Rogers for another 4 years until one is greenlit and rubberstamped. Then the Blueberries can do whatever they wish to with that land.

In a perfect world, the Whitecaps FC and Canucks get sold to a local owner who builds a new entertainment district at the PNE lands which includes a 30k soccer specific stadium and 19,000k hockey arena. The lack of transit access and proximity to downtown would suck but Downtown Vancouver has become a less inviting place to visit in recent years.

 

[StreetHawk]

In a perfect world, the Whitecaps FC and Canucks get sold to a local owner who builds a new entertainment district at the PNE lands which includes a 30k soccer specific stadium and 19,000k hockey arena. The lack of transit access and proximity to downtown would suck but Downtown Vancouver has become a less inviting place to visit in recent years.

All downtowns have been hit by the hybrid work style of half in office and half wfh. But this seems like the trend moving forward. People want the flexibility to wfh and to run an errand mid day if needed and just make up the time missed in the evening.

Just not sure for something that needs 41 home games that you can get away from not being located near rapid transit. CFL you could if the league stopped doing TNF games and just had them Fri to Sun.