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Posted

From the ESPN via Penguin's twitter

 


The ownership group, which includes Mario Lemieux and billionaire Ron Burke, is seeking $750M for the franchise. The sale price could be lower if a buyer agrees to forgo development rights on the old Civic Arena site. The current record for a U.S.-based NHL franchise is the $320M paid for the Devils in 2013. (via Trib Total Media)

Posted

Ahh, real estate development rights. That's how an NHL team gets valued at $750M (albeit not bought for that price, yet).

 

The NFL has led the trend: Pro sports franchises are really glorified real estate development companies.

Posted

Ahh, real estate development rights. That's how an NHL team gets valued at $750M (albeit not bought for that price, yet).

 

The NFL has led the trend: Pro sports franchises are really glorified real estate development companies.

Real estate development rights? Why would that be such a high factor? As in, what do those rights include?

Posted

Um.............. Hammond's new mask.

 

https://instagram.com/p/6hxNp1MB3c/?taken-by=jaybartziokas

 

So, shouldn't the NHL get a cut of the profits?

Can't wait for Hammond to fall back to earth this season.

 

I honestly have no clue how selling a franchise works in any sport, other than the courting process by an owner, and that's only because we've went through it twice in the past 6 years. 

Posted

BREAKING: Slava Voynov taken into custody by U.S. Immigration and Customs Enforcement. http://t.co/BmuWJDuFVr#NHL #LAKings

 

Note on this:  According to my immigration people*, held without bond is common.

 

 

 

 

 

*These are people I work with, and not people who smuggle me in and out of Iceland.  I have other people for that.

Posted

Note on this:  According to my immigration people*, held without bond is common.

 

 

 

 

 

*These are people I work with, and not people who smuggle me in and out of Iceland.  I have other people for that.

:lol:

Posted

Note on this:  According to my immigration people*, held without bond is common.

 

 

 

 

 

*These are people I work with, and not people who smuggle me in and out of Iceland.  I have other people for that.

 

Why Iceland?

Posted

Real estate development rights? Why would that be such a high factor? As in, what do those rights include?

 

From the context above, it sounds like the franchise owns the rights to develop the site of the Civic Arena (the Igloo). If you look on the map, that's a significant hunk of downtown real estate, which in PIttsburgh actually has real value. :)

Posted

Why Iceland?

He's actually a super villain and his Iceland volcano fortress is the tits. You've never hot tubbed until you've done it with lava heated water.

Posted

Ahh, real estate development rights. That's how an NHL team gets valued at $750M (albeit not bought for that price, yet).

 

The NFL has led the trend: Pro sports franchises are really glorified real estate development companies.

Real estate development rights? Why would that be such a high factor? As in, what do those rights include?

From the context above, it sounds like the franchise owns the rights to develop the site of the Civic Arena (the Igloo). If you look on the map, that's a significant hunk of downtown real estate, which in PIttsburgh actually has real value. :)

 

@Wildcard: Regardless of where you live, think about who the big money types are around town (excepting those who come from old money). Many of them are inevitably real estate developers. Trump is an extreme example of this, but not an unfair one.

 

Also, whoever said the current owners were looking to get out on top (X?), was spot on. Not only is Crosby still in his prime, but the real estate market in Pittsburgh is quite attractive as well (as are conditions in the market more generally); that could change for the worse in the coming years.

Posted

He's actually a super villain and his Iceland volcano fortress is the tits. You've never hot tubbed until you've done it with lava heated water.

 

You weren't supposed to talk about the volcano fortress.

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