Honestly I wouldn't be opposed to a total sale right now.
i'm fine with that too but i think the real issue is that you're just not going to generate a great return on your investment for the amount of cash that has to go in.
let's say that a total sale of the Devils (including their ownership in the arena) goes for $200mm. To make this worth someone's while as far as ROI, you'd really need $10mm in profits/year - 5%. That's terribly difficult to do. No Investment Entity is making this buy.
edit - perhaps "terribly difficult" is a bit strong but it's not easy - they'd need $50mm payroll, 15k+ avg attendance, 250 booked dates, 2 rounds of playoffs to get that figure, i'd think.
Really, this team NEEDS an owner like JVB - someone who loves the team and can absorb deal w/ p&l's of +/- $5MM and see owning the team as a vanity project.
Nobody is buying the devils and expecting to "make a living" off it. so that means you have to get a rich superfan that likes owning the NEW JERSEY DEVILS and not the Quebec Devils or Hamilton Devils or Kansas City Devils.
not so easy.
Edited by sundstrom, 12 September 2011 - 03:50 PM.
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“They’re the ones that makes it happen,” Lemaire said. “It’s not us. It’s not me. It’s not the other guy. It’s not the guy before. It’s not the guy after. It’s them. And they have to take care of business.”
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