Bear of Bad News
Your Third or Fourth Favorite HFBoards Admin
- Sep 27, 2005
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but how about in the history of hockey subforum?
Done!
http://hfboards.com/showthread.php?t=399300
It's kind of dry, so I'll warn everyone right now.
but how about in the history of hockey subforum?
So any notion that a potential team in Winnipeg would be scrimping by like some Dickensian street urchin suddenly has a whole lot less credibility.
Colourful word pictures aside, I don't think that anyone reputable has made that claim. For starters, the league wouldn't allow a franchise there if it were in danger of not being able to meet its financial obligations.
In fact, I've always said that if someone wants to bankroll a team in Winnipeg, I'm all for seeing a team back there. I just don't think he or she will make a whole lot of cash while doing so.
And, in addition, as the Jettie website itself states,In fact, I've always said that if someone wants to bankroll a team in Winnipeg, I'm all for seeing a team back there. I just don't think he or she will make a whole lot of cash while doing so.
In Winnipeg, it would be a stretch to come up with $200 million US knowing that money will never be re-couped. It is up-front cost, never to been seen again, gonzo.
And, in addition, as the Jettie website itself states,
If you think billionaires drop $200 million on gifts for their kids, you need to get a grip.That, of course, written before Asper's latest revelation - which occured last night. The man, I believe, is a billionaire. He told Mark Chipman that he could count on him if he could convince the NHL to return. READ: Here's my checkbook, how much did you need? Apparently his kid wants to see the NHL return to Winnipeg. Billionaires can afford very expensive gifts for their children.
If you think billionaires drop $200 million on gifts for their kids, you need to get a grip.
Despite 9 years of bleeding money in Nashville, their owner is probably still going to make money when he sells the team.
How much money has the Nashville franchise lost in total?
Preds owner Leipold tires of losing money; confirms sale
Email | Print By Richard Lawson
Craig Leipold05-24-2007 11:33 AM — In a letter to Nashville Predators season ticket holders, suite owners and sponsors, team owner Craig Leipold explained why he is selling the team and confirms that it is being sold to Jim Balsillie, co-chief executive officer of Blackberry maker Research in Motion.
A press conference is scheduled for 2 p.m. this afternoon to announce the sale. Balsillie won't be in town to be at the press conference.
In his letter, Leipold stated that the team will have a $27-million real cash loss over the past two seasons because of below average attendance even though the team tallying up a total of 216 points, the fifth best in the NHL.
"Additionally, that loss is despite receiving the most in the league from revenue sharing," he wrote. "Over the last five years, the team has lost over $60 million." Leipold stated that the team has spent $50 million over 10 years in sales and marketing efforts mostly with local business and still, the attendance has fallen short. "A low turnout, combined with a low ticket price results in a poor financial situation," he wrote.
So in the end analysis, Leipold said he had to make "one of the most difficult decisions of my personal and professional life" and that is to sell the team. "It's time to give someone else a chance to take the Nashville Predators to the next level in terms of local business support," he wrote.
He didn't address that question of the potential for moving the team in the coming years. Presumably, that issue will brought up at the press conference.
It's you that needs to get a grip. Despite 9 years of bleeding money in Nashville, their owner is probably still going to make money when he sells the team.
It's an asset that appreciates.
I'm pretty sure that any franchise in Winnipeg will do better in fan support than Nashville on Day One.
And as for the "gift" comment, it was just partially a jest.
David Asper himself said that he is interested in being in an ownership group. You do understand that, don't you?
Leipold is NOT reporting the 40 to 60 million he made off of the Arena that is not reported as income for the teamIn total I'm not sure, but he claims he's lost $60 million in the last 5 years. The most damning evidence is from Leipold's mouth himself. This is a guy that wanted to make it work, sunk in big money for marketing the game, and is finally throwing in the towel.
http://www.nashvillepost.com/news/2007/5/24/preds_owner_leipold_tires_of_losing_money_confirms_sale
I doubt it.
Well, I would presume that businessmen such as Mark Chipman and David Asper would know a little more about the attendance potential of an NHL team in Winnipeg than you do.
You do realize that according to all accounts, Nashville actually made money in its first few years, right?
Tell that to Disney. As well, all I am saying is that the most fanatical of the Jetties say otherwise.
I doubt it.
Whew! I guess you are just partially deluded, then.
Without having heard the interview, I understand that apparently it depends on which day you ask him.
...Balsillie is probably more intellectually capable than the average chip truck owner (and not to dis them at all), but I do not use that as a comparison. I compare him to the type of guys at a pretty high level of business. MBA's mean diddly in that arena, as I am sure you know.
As regards him being a billionaire and THAT being evidence of anything, well if there is anything we learned from the tech boom, it is that there is such a thing as an accidental billionaire.
Incidentally, regarding your presumption, while I am sure David Asper has done a deal or two of decent substance in his tenure at Canwest, I highly doubt as a businessman that Mark Chipman's list of transactions would stack up to the ones I have been intimately involved in. You should proably not "presume" so much.
I have a sweet Winnipeg Jets hat that I break out once in a while. Chics dig it and the fact that I rarely wear underpants.
Ugh, some more “fair and balanced” viewpoints from our friend Mr. Carpenter. This guy seems to have a major hate-fest against any good Canadian story. Our billionaires are just lucky apparently and have no good business sense or experience. Nashville and Atlanta are much better markets for NHL hockey than Winnipeg or Hamilton. Or at least he has “his doubts” about that despite the data which shows that to be a lie. Fellow Canadian hockey fans are called “Jetties,” despite the fact that they are still interested in the NHL after all the NHL has done to not accommodate them as NHL fans. His claims in another thread re. Chicago are disingenuous to say the least, and a flat out lie at best. I could go on and on. Folks, you are talking about someone with an anti-rational, anti-Canadian bias. I have no idea why he caught that disease but I can assure you it's not based on any facts or logic. Enough said for now.
GHOST
Since they have not even put in an offer for a team, evidently you are correct.
Incidentally, regarding your presumption, while I am sure David Asper has done a deal or two of decent substance in his tenure at Canwest, I highly doubt as a businessman that Mark Chipman's list of transactions would stack up to the ones I have been intimately involved in. You should proably not "presume" so much.
I'm sure Mr. Balsillie, Mr. Chipman and Mr. Asper will be answering this accusation personally. Uhhh...no...wait a minute...on second thought they won't be here. They're too busy running successful businesses than to talk with a bunch of Comic Shop Guy clones (like you )about hockey
Ugh, some more “fair and balanced” viewpoints from our friend Mr. Carpenter. This guy seems to have a major hate-fest against any good Canadian story.
Our billionaires are just lucky apparently and have no good business sense or experience.
Nashville and Atlanta are much better markets for NHL hockey than Winnipeg or Hamilton.
Or at least he has “his doubts” about that despite the data which shows that to be a lie.
Fellow Canadian hockey fans are called “Jetties,” despite the fact that they are still interested in the NHL after all the NHL has done to not accommodate them as NHL fans.
His claims in another thread re. Chicago are disingenuous to say the least, and a flat out lie at best.
Wow. First you drop this bit of delusion about billionaire tech inventor Jim Balsillie
I'm sure Mr. Balsillie, Mr. Chipman and Mr. Asper will be answering this accusation personally. Uhhh...no...wait a minute...on second thought they won't be here. They're too busy running successful businesses than to talk with a bunch of Comic Shop Guy clones (like you )about hockey. Incidentally your posts are much funnier when you read them in Comic Shop Guy's voice.
I am sure if they believe an NHL team is feasible in Winnipeg they will make an offer for a team in due time. However, keep in mind, that they probably already have done the research into it…
It is a statement of fact that David Asper and Mark Chipman ARE successful businessmen.
You are an anonymous poster on this forum.
Unless you decide to enlighten us with your qualifications and supply proof, don’t be offended if I take what you say with a grain of salt.
On that, we are agreed.
You are aware that David Asper is rich because he is the son of Izzy Asper, right?
Um, anonymous?
I will send you a PM.