mouser
Business of Hockey
Is the fact that PKP is/was also a politician that prevents the minority investment necessary to drum up the expansion fee?
Like, I see PKP not having the dough to get NHL expansion done (nor Charles Bronfman having the dough to get MLB expansion done in Montreal).
Why wouldn't they be selling minority stakes in the franchise so they only have to come up with 60% of the expansion fee themselves?
I presume they considered that option and the financial numbers still didn’t work out amongst Quebecor/PKP and potential minority investors.