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NHL Anti-Thread: Bad Business Decision Aggregator


The_Admiral

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12 hours ago, kimball said:

I don't know if I would put them on the top of the expansion list if the Coyotes leave, but I think it could work with great leadership and the right situation for a home arena. That video really paints the lack of leadership as the root of the problem.

People always have new excuses/willingness to try the Sunbelt again but when the Nords leave for reasons other than fan support it's "lol they had a team and lost it and no one likes to speak French anyway, not viable."

 

Gimmie a break.

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Does that mean the team  has a $1.4B valuation, or the minority stake is $1.4B?

 

I'm surprised in either case, but if a minority stake is that much, then I'm about to fall on the floor in shock.  If the TBL are worth more than $3B, I can't imagine what the Rangers, Bruins, Flyers (if they even still exist anymore... I'm not sure), Blackhawks, etc. are worth.

 

$3B is NFL money.  I'm going to assume that the team as a whole is what's valued at $1.4B, so the minority stake would be less than 700M... but not sure (article is paywalled.)

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"The views expressed here are mine and do not reflect the official opinion of my employer or the organization through which the Internet was accessed."

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Jerry Reinsdorff bought the Chicago Bulls for $16 million in 1985, or about $46 million in today's dollars.

 

Except when you're a billionaire running collecting sports franchises like Pokemon cards, the inflation calculator breaks down.

1 hour ago, ShutUpLutz! said:

and the drunken doodoobags jumping off the tops of SUV's/vans/RV's onto tables because, oh yeah, they are drunken drug abusing doodoobags

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Vinik didn't even really buy the Lightning for $170 million, as I recall. He bought the master lease to the Ice Palace and a bunch of undeveloped land downtown for $170 million. The Bolts themselves were kind of a throw-in.

 

I think we're approaching  a point, especially with NFL valuations, where no one can really afford to buy these teams. $3.5 billion for the lowly Jacksonville Jaguars. Get real. Nice parting shot from Donald Sterling.

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The rising asking prices for sports teams is why 4 of the Big 5 sports leagues (MLB, NBA, MLS and NHL) have recently opened their ownership to include private equity firms like Arctos Sports Partners, who are like minority owners of several NBA teams as well.  The NFL has not allowed this rule to open up.  This (as well as Saudi PIF buying golf), has some thinking that it's only a matter of time before teams in MLB, MLS, NBA and NHL are owned by the Saudis, and eventually the NFL too if they ever open their ownership.  

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It's interesting that the resistance to LIV Golf was as left-coded as it was, because I know and it will be made known that NFL fans will not let their favorite team be owned by The Taliban [sic].

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♫ oh yeah, board goes on, long after the thrill of postin' is gone ♫

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On 6/16/2023 at 9:14 AM, kimball said:

 

Exactly. They need to be the Houston Aeros, Utah Yeti, Kansas City Comets, etc., etc., etc. The Arizona Coyotes identity needs to die.

 

 

I don't know if I would put them on the top of the expansion list if the Coyotes leave, but I think it could work with great leadership and the right situation for a home arena. That video really paints the lack of leadership as the root of the problem.


Just out of curiosity, do you or have you lived in the Phoenix area? If so I can in the very least understand the hope. The only word I can use to describe the Phoenix sports market is tepid. It’s a city of like five million people and basically all of their pro sports games feel like going to the library. I’ll give you that the Cardinals and Suns draw well when they’re good, but that’s usually sporadic. D Backs games feel like an actual funeral. I don’t know if it’s the heat or what, but I’d never been anywhere with more limp support for their pro teams. You’re right that leadership is the biggest problem for the Coyotes, but it’s far from the only reason. It’s an overrated market IMO. 

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On 11/19/2012 at 7:23 PM, oldschoolvikings said:
She’s still half convinced “Chris Creamer” is a porn site.)
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2 hours ago, FiddySicks said:

D Backs games feel like an actual funeral. I don’t know if it’s the heat or what, but I’d never been anywhere with more limp support for their pro teams.

I'll never forget when WWE held their 2019 Royal Rumble event inside Chase Field and Elias, in full heel, "sing songs about how much the host city sucks" mode, made a comment about how the Diamondbacks hadn't seen a crowd that big in a long time, and the Chase Field crowd cheered him for it.

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I'm convinced the only reason the Coyotes have this current (bad) owner at all is because of the gambling license. It's the sports equivalent of hiding Grandma's body so you can keep cashing her Social Security checks.

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2 hours ago, Cosmic said:

I'm convinced the only reason the Coyotes have this current (bad) owner at all is because of the gambling license. It's the sports equivalent of hiding Grandma's body so you can keep cashing her Social Security checks.

 

1 hour ago, the admiral said:

It's ironic that this rare gambling license has been entrusted to a man who cannot pay his debts.

 

I have said it before and I will say it again: I think that the biggest (if not only) reasons why the Coyotes are still playing anywhere in Arizona and why that team's executives (with the blessing of (if not outright help from) the NHL) keep fighting to the death to play at even a barely suitable venue within Arizona's borders are the current owner's "precious" Arizona sports betting license and Arizona state law's foolish requirement that a sports betting license that is not held by an Arizona-based Indigenous community be co-owned with a professional sports entity located within that state.  If betting on sports needs and/or deserves to stay legal in Arizona, then lawmakers in that state should repeal that criterion for sports betting license holders as soon as possible so that taxpayers across Arizona would no longer be under so much pressure to subsidize the financially unsustainable enterprise that the Coyotes and their organization have proven to be.

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13 hours ago, FiddySicks said:


Just out of curiosity, do you or have you lived in the Phoenix area? If so I can in the very least understand the hope. The only word I can use to describe the Phoenix sports market is tepid. It’s a city of like five million people and basically all of their pro sports games feel like going to the library. I’ll give you that the Cardinals and Suns draw well when they’re good, but that’s usually sporadic. D Backs games feel like an actual funeral. I don’t know if it’s the heat or what, but I’d never been anywhere with more limp support for their pro teams. You’re right that leadership is the biggest problem for the Coyotes, but it’s far from the only reason. It’s an overrated market IMO. 

 

Nope, born and raised in SLC. I'm basing my opinion or thought off the video that posted in the thread. I do feel like strong leadership can counter some of the other issues, but with that said I don't know if they'd get a second shot if the Coyotes leave.

"I always wanted to be somebody, but now I realize I should have been more specific." Lily Tomlin

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1 minute ago, kimball said:

 

Nope, born and raised in SLC. I'm basing my opinion or thought off the video that posted in the thread. I do feel like strong leadership can counter some of the other issues, but with that said I don't know if they'd get a second shot if the Coyotes leave.

They won't. Arizona has been a disaster for the NHL, and after the Coyotes are finally put out of their misery, Hockey is pretty much done in the Sun Valley.

 

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6 hours ago, kimball said:

 

Nope, born and raised in SLC. I'm basing my opinion or thought off the video that posted in the thread. I do feel like strong leadership can counter some of the other issues, but with that said I don't know if they'd get a second shot if the Coyotes leave.

How many owners groups need to go through the team before you think maybe the market is the problem. Sure they’ve never been good, but even in seasons they made the playoffs they were never profitable. The market has never supported them, and now they have had enough and are actively trying to push them out of town.

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18 hours ago, dont care said:

How many owners groups need to go through the team before you think maybe the market is the problem. Sure they’ve never been good, but even in seasons they made the playoffs they were never profitable. The market has never supported them, and now they have had enough and are actively trying to push them out of town.

 

Good points, but what about Atlanta? 😉

"I always wanted to be somebody, but now I realize I should have been more specific." Lily Tomlin

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On 6/18/2023 at 11:01 AM, VampyrRabbit said:

They won't. Arizona has been a disaster for the NHL, and after the Coyotes are finally put out of their misery, Hockey is pretty much done in the Sun Valley.

 

 

Gary Bettman is going to have to be convinced that the Coyotes will relocate and that Hockey is dead in Phoenix and that will be hard to do.  

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1 hour ago, TBGKon said:

This isnt the first time Arctos purchased a minority stake in the Lightning, they also did it in 2022.  So this is really just an increase in their percentage.

 

https://www.rawcharge.com/lightning-tampa-bay-ownership-shares-sell-arctos-nhl-news-free-agency/

 

So I was on the Arctos website and one of the people involved is a certain former Cowboys QB:

 

Chad M. Hutchinson - Arctos Partners LP

 

Of course he was a QB in the Cowboys Dark Period (2000-2006)

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