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The Devils Minority partners are looking to sell their share.


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#221 Triumph

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Posted 04 February 2011 - 03:52 PM

I bet your wrong here because aren't you saying the value of the team is the 218M + 250M (to offset the debt) in other words the overall value is 468M, I highly doubt that.


I bet he's not wrong, because that's not what he's saying. He is saying that businesses often incur debts like this for future profits - why else would a break-even enterprise be taking out 250M worth of loans? To make more money. Owning an arena is generally a profitable enterprise. This explains part of the rise in the Devils' value despite incurring a substantial amount of debt.

Edited by Triumph, 04 February 2011 - 03:53 PM.

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#222 Devils731

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Posted 04 February 2011 - 03:53 PM

I bet your wrong here because aren't you saying the value of the team is the 218M + 250M (to offset the debt) in other words the overall value is 468M, I highly doubt that.


No. I said something more like the team is worth 115M + 350M arena value - 250M debt value. That ignores all present and future values and such to try and simplify it.

Edited by Devils731, 04 February 2011 - 03:54 PM.

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#223 titans04

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Posted 04 February 2011 - 06:02 PM

No. I said something more like the team is worth 115M + 350M arena value - 250M debt value. That ignores all present and future values and such to try and simplify it.



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#224 ghdi

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Posted 06 February 2011 - 12:44 PM

Interesting story about the situation on NJ.com

http://www.nj.com/ne...leads_to_s.html
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#225 Daniel

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Posted 06 February 2011 - 02:05 PM

Reports that Bon Jovi is looking to buy a minority interest in the Falcons. Why not pump that money into your home state?
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#226 Devils731

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Posted 06 February 2011 - 02:48 PM

Reports that Bon Jovi is looking to buy a minority interest in the Falcons. Why not pump that money into your home state?


I believe the guy is just football crazy, since he also owned an arena football team.
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#227 newarkdev01

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Posted 07 February 2011 - 11:02 AM

This was posted on Wired and gave an interesting perspective on it...I am going to put it in the Rock link as well.

http://www.nytimes.c...03nhl.html?_r=1
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