Quite possibly the worst investment ever

[pshreck]

3.5 billion dollar bid for all the teams in the NHL

This would put the average NHL team worth over 100 million. I'm sorry, no. Such a risky investment, especially coming right after their season was canceled, and Americans let out a big "what? who cares?".

[kenberman]

I believe the Forbes valuations done a few years ago - if you added up all the teams - would come to $5B for every team.

w/o knowing anything about you, I would say that the guys at Bain Capital have probably forgotten more about investing than you know.
[img]/images/graemlins/smirk.gif[/img]

[jakethebake]

[ QUOTE ]
I believe the Forbes valuations done a few years ago - if you added up all the teams - would come to $5B for every team.

w/o knowing anything about you, I would say that the guys at Bain Capital have probably forgotten more about investing than you know. [img]/images/graemlins/smirk.gif[/img]

[/ QUOTE ]

1) valuations done on almost anything a few years ago were out of whack.
2) a few years ago we didn't have a lockout and severe uncertainty associated with the NHL that we do now.
3) Bain? Consultants will put any valuation you want on it for a price.

[lucas9000]

"Quite possibly the worst investment ever"

like anyone can even know that

[jedi]

If you own the entire league, you can keep salaries down to the point where you're not losing money. The players will gripe about it, but I'm not feeling sorry for them if they make 500K instead of 2M.

[Utah]

It might be a great investment. often, investors make a killing buying a distressed asset and turning it around.

Bain might be guessing that the problem with hockey is not the brand itself but in the poor running on the organization.

[pshreck]

[ QUOTE ]
If you own the entire league, you can keep salaries down to the point where you're not losing money. The players will gripe about it, but I'm not feeling sorry for them if they make 500K instead of 2M.

[/ QUOTE ]

Right, its not like the players will refuse to play and we wont even have hockey.

Oh wait.

[pshreck]

[ QUOTE ]
It might be a great investment. often, investors make a killing buying a distressed asset and turning it around.

Bain might be guessing that the problem with hockey is not the brand itself but in the poor running on the organization.

[/ QUOTE ]

No, its definetly both. Other sports have had seriously problems being run, but you don't see the whole nation mocking the sport and not caring that it has been canceled. When baseball has problems it usually upsets many a sports fan. Hockey? Honestly, just the die hardest of fans really cared.

[mmbt0ne]

</font><blockquote><font class="small">En réponse à:</font><hr />
It might be a great investment. often, investors make a killing buying a distressed asset and turning it around.

[/ QUOTE ]

I know. It's amazing what Isiah Thomas was able to do with the CBA. [img]/images/graemlins/tongue.gif[/img] (not a rip on you, just a cheap shot at Zeke)

[lucas9000]

[ QUOTE ]
often, investors make a killing buying a distressed asset and turning it around.

[/ QUOTE ]

apparently that's how andy beal made a lot of his money.