I think that's quite the stretch. No comparable out there remotely suggests that's the price.
Sale price will likely be 5-6X revenues. So if revenues are 150M that’s 750-900M sale price.
I thought I read about that somewhere in an article that was reporting what the NCC was doing with their land sales. It was an inclusion as to what the NCC was looking for from potential bidders. Might have been applicable to what they called the "library" parcel, or might have been Lebreton Flats. I don't remember.
Belittling their character??? What are you talking about lol? My favourite part is when you go on to say the bolded which is exactly the same thing I'm saying. Contemplating is not the same as making an offer or being a serious bidder. If someone told you they were contemplating your dinner invite, you wouldn't run and put it in your calendar lol. Can't believe you actually believe there's going to be 20+ actual, real money offers for the team. What a world you're living in.
That seems like too simple a metric to base it off of. Revenue doesn't speak to profitability, especially with how barebones this team has been running for the last 5 years. Plus, there's the extraordinary cost to build a new arena that's part of the deal and the potential demolition or repurposing of the existing arena into something else to consider. This is a really tough deal to assess given all the circumstances involved. If the daughters want to keep a piece of the organization, will that also further drop the price bidders are willing to pay?
I watched it. Nice show. And when the show stops, cameras stopped rolling, and they use that little team for "content" then what? Do they pump and dump it at a huge profit? They don't strike me as having the attention span to own that team long term.
Regardless of authenticity of commitment to the team or community, that’s not the point. Who the hell knew anything about wrexham before celebrity ownership and that show? How many new followers, how much in merch sales, tourism revenue, etc.? Having that kind of publicity built in to ownership is valuable. It can’t be bought.
It’s this right that is both important for the Sens, but also was extremely smart because it shifted Reynolds from being another interested party, to being a must have part of every ownership group.
Ryan also spent time living in Ottawa, and has on numerous occasions donated money to charities here. Why do you think he’s only interested on a scummy business level when he clearly has ties to this city?
I think the circumstances are different enough that the same type of groundswell of support won't manifest in Ottawa like it did for Wrexham. The leagues and situations are fundamentally different, with only the thinnest of common threads between them. Plus, soccer has a much much wider audience base than hockey does so there's a far broader coalition of fans to pull into the gravy train of merch, tourism revenue, etc.
I don't get it either. Reynolds is probably going to be like 1-2% of the ownership. I don't think he has some nefarious plan to create a whole bunch of content and try and quick flip his share of ownership for a quick several million profit. I mean has any owner "flipped" a major sports team for a quick profit? Seems more like transferring the profile of a scummy landlord / house flipper and applying it to Reynolds for some reason.
Even if he does sell his 1-2% share after making a show, who the f*** cares?
Interesting comment about 2 people you have no clue about. To most owners pro sports is a great toy to play with; a diversion from their regular line of business. To others it's an ego investment to garner attention and recognition that they normally would never receive. Precious few buy a team to make it a life long money making venture.
When Deadpool 3 comes out in 2024 ( with Hugh Jackman as Wolverine) it will be the biggest movie of the year and cement RR status as a megastar. Imagine him and HJ in the owner's box at a Sens game. World wide attention.
Beats Melnyk with Mel Gibson.
