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TSN: An NHL Team in Toronto Could Be Yours For - $1.2 Billion?


thefiestygoat

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I thought this article on TSN today was pretty interesting about how much a 2nd Toronto area team could be worth in terms of an expansion fee. The article is long but also includes speculation on potential expenses and revenue. Here's a snippet:

 

 

The National Hockey League would likely command a record expansion fee worth as much as $1.2 billion for a second franchise in Toronto, sources tell TSN - a sum that would eclipse the previous North American sports record of $700 million that the Houston Texans paid to join the National Football League back in 1999.
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The bankers, who collectively have advised both buyers and sellers of NHL teams, as well as owners who have sought new limited partners, said bidding for a new team in Toronto would begin around $800 million. Opinion was split on how high the bidding might go. Three of the bankers said they could see the auction reach $1.2 billion. The other two doubted the bidding would eclipse $1 billion.

"In an auction situation, I could see it getting to $1 billion or even $1.2 billion," said Drew Dorweiler, a Montreal economist who has been hired by the owners of the Toronto Maple Leafs, Vancouver Canucks, Manchester United and other sports teams to estimate their franchise values. "An NHL team in Toronto is a marquee property."

 

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I'm wondering if the purchase of the Clippers gave a shot in the arm to most all sports franchises? Are the Canes for sale?  I hear Canes/Panthers are trying to renegotiate terms of rental in Raleigh/Sunrise? (arena not really in Raleigh) It's a large sports complex shared with N.C. state . Great venue!  

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The financial aspect of sports is going to ruin it for the fans

In years from now mediocre players will be making $10M/year, with marquee players making $22M/year

It is getting out of control, and the fan are the ones that have to foot the bill by having to pay ABSURD ticket prices.

It's capitalism. Fans voluntarily pay the price so I don't see what the problem is

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The financial aspect of sports is going to ruin it for the fans

In years from now mediocre players will be making $10M/year, with marquee players making $22M/year

It is getting out of control, and the fan are the ones that have to foot the bill by having to pay ABSURD ticket prices.

Really depends on the economy and demand. The Devils prices can never go that absurd until that demand of a waiting list for season tickets or if we start selling out all the time. I don't think we will probably see either of these things for quite some time, I might be dead before it happens hah

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