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Everything posted by Iron Crotch
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I don't want to get all "Westboro" up in here, so I'll just say that my feelings for Ralph are "complicated." However, the capitalist in me certainly respects the mountain of wealth he created throughout his life. Investing $25,000 in an asset that is now worth ~$850 million is impressive.
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That's just it. I understand the sentimental value of keeping the team in place, but it is plainly obvious that the value of the franchise would be maximized elsewhere (e.g. Los Angeles). And, as far as we know Ralph simply wanted to get his heirs the greatest possible financial return. I have to think that if he had a different motivation (e.g. keep the team in Buffalo at all costs) we'd have heard about it by now. So in my estimation, someone would have to be willing to significantly overpay to keep the team in Buffalo. Does such a group exist? We'll see. As for owners blocking the move, why would they? They stand to make more money if the team relocates to a bigger media market. Why would they be against this? Anyway, we'll see how this all plays out...
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The estate has a financial responsibility to sell the asset for maximum return... so whether the team moves depends almost exclusively on the intentions of the highest bidder (and of course the other owners must sign-off on the plan to move if it comes to that). That is how it has always been, which is why I always got annoyed by the large number of folks who just blindly assumed the team would stay in Buffalo... it may, but it is far from assured.
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RIP Ralph. He certainly live and long and very successful life. It'll be interesting to see what happens with the team and its ownership.