the admiral

NHL Anti-Thread: Bad Business Decision Aggregator

Recommended Posts

Wasn’t it a Yakuza group that founded the Bolts? 
 

Also, we have to take into account the early ‘80s Cavs for worst-run organizations. The NBA had to enforce changes to trading rules because owner Ted Stepien traded away five consecutive years’ worth of first-round draft picks. 

Share this post


Link to post
Share on other sites
1 hour ago, SFGiants58 said:

Wasn’t it a Yakuza group that founded the Bolts? 
 

Also, we have to take into account the early ‘80s Cavs for worst-run organizations. The NBA had to enforce changes to trading rules because owner Ted Stepien traded away five consecutive years’ worth of first-round draft picks. 

 

I'm not sure if the Yakuza association has been confirmed.  It was all really suspicious, though.  I don't remember all of the specifics but they were supposed to get funding from the Pritzker Group (Hyatt Hotels) but they backed out a few months before the franchise was awarded to Phil Esposito's group.  They sought to replace Pritzker's $50m and a relatively small Japanese golf resort company named Kosukai Green paid the franchise fees and basically forced the rest of the ownership out.  At some point it was revealed they were owned by Takashi Okubo, which surprised everyone.  And also, he may or may not exist.

Share this post


Link to post
Share on other sites

Vinik was aided by being able to buy the Lightning and some real estate adjacent to the arena at fire-sale prices. The guy who bought the Stars just agreed to pay off Hicks's debt. It's the next best thing to inheriting a franchise like Rocky Wirtz did.

Share this post


Link to post
Share on other sites
10 minutes ago, the admiral said:

Vinik was aided by being able to buy the Lightning and some real estate adjacent to the arena at fire-sale prices. The guy who bought the Stars just agreed to pay off Hicks's debt. It's the next best thing to inheriting a franchise like Rocky Wirtz did.

 

The extent of my knowledge of Vinik buying the team was from a recent Athletic article where he said he didn't know how to spend the billions he made from his hedge fund so he googled "how to buy a pro sports team."  He actually considered buying the Stars but didn't see himself fitting in with Cuban and Jones personality-wise.

 

 

The guy's a great owner, though, and has been great for the local community as well.

Share this post


Link to post
Share on other sites

Interesting kicker there that draws contrast with the Panthers and their lack of civic engagement. What community does Broward County have that doesn't have the word "gated" in front of it?

Share this post


Link to post
Share on other sites
44 minutes ago, See Red said:

 

The extent of my knowledge of Vinik buying the team was from a recent Athletic article where he said he didn't know how to spend the billions he made from his hedge fund so he googled "how to buy a pro sports team."  He actually considered buying the Stars but didn't see himself fitting in with Cuban and Jones personality-wise.

 

 

The guy's a great owner, though, and has been great for the local community as well.

 

The Stars Current owner Tom Gaglardi is nothing like Cuban and Jones.

Share this post


Link to post
Share on other sites
10 hours ago, Ridleylash said:

The New York Knicks. Also, the New York Jets.

You forgot the New York Mets.

Share this post


Link to post
Share on other sites
2 minutes ago, tp49 said:

You forgot the New York Mets.

The Mets are an entirely different scale of Wilponery.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.