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Old 06-17-2005   #1
Bhelliom
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ST. LOUIS (CP) - The NHL's St. Louis Blues have been put up for sale after losing $60 million US over the past two years.

The team said Friday that Wal-Mart heirs Bill and Nancy Laurie, citing significant projected financial losses, had decided to put the club up for sale.

http://slam.canoe.ca/Slam/Hockey/NHL/StLou...1092917-cp.html

My question is this... ok so they're losing money and putting the team up for sale. but... why would you put the team up for sale and expect a decent selling price (or buyer period) when you're whining all over the news that the team is literally hemorraging cash and that trend is expected to continue in the long run, even with the new NHL deal expected?

seems like a poor selling point to me... but what do i know? I'm just a business and commerce student
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Old 06-17-2005   #2
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Anyone wants to join together and buy it? Shouldnt be more than 70-80millions...

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Old 06-17-2005   #3
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sure let's see... i got um... 75.. nope 83 cents...to my name right now :P
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Old 06-17-2005   #4
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There should be not hidden secrets...All interested parties should know what

they will be getting into.

Even if the franchise sold for $1.00, which it won't, that is

one less doller the current owner don't have to take as a loss.

When the franchise is sold both parties will be happy with the out-come of the sale.
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Old 06-17-2005   #5
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Quote:
Originally posted by Bhelliom@Jun 17 2005, 07:41 PM
sure let's see... i got um... 75.. nope 83 cents...to my name right now :P
So your not even good for a round of beers
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Old 06-17-2005   #6
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That's what the keg at home is for :P
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Old 06-17-2005   #7
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Even in the face of adversity, there will be one who thinks it a viable proposition. There always is if the price is right
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Old 06-17-2005   #8
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what's funny is that they will still probably sell it for a huge profit...
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Old 06-17-2005   #9
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Let's go Lightening!!
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Old 06-18-2005   #10
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Quote:
Originally posted by Mike AI@Jun 17 2005, 11:13 PM
Let's go Lightening!!
They might be next. They're a small market with a very fickle fan base.

The culling of the herd has begun.
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Old 06-18-2005   #11
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Originally posted by Evil Chris+Jun 17 2005, 11:18 PM-->
QUOTE (Evil Chris @ Jun 17 2005, 11:18 PM)
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Old 06-18-2005   #12
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The Blues fucked themselves. They pulled a typical sports franchise move - sign a lease with unrealistic terms in the expectation that they could cry poor and get a reduction. The Lauries knew the team had to make it to the second round of the playoffs before they'd show a profit when they bought the damn thing. It won't sell to move to another city, either - there's about 63 million in lease obligations and arena debt.

St. Louis is a tough sports market (ask Arizona Cardinal's owner Bill Fuckhead Bidwell). Still - don't count out the Blues.
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Old 06-18-2005   #13
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Originally posted by Mike AI@Jun 18 2005, 08:38 AM

No more Canadian goons!!!
Martin Saint-Louis, Brad Richards, Vincent Lecavalier.... should I go on?
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Old 06-18-2005   #14
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Originally posted by Mike AI@Jun 18 2005, 02:38 PM
No more Candian goons!!!
Canada has goons
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Old 06-19-2005   #15
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Originally posted by Trev+Jun 18 2005, 04:32 PM-->
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Old 06-19-2005   #16
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Originally posted by Timon+Jun 19 2005, 06:05 AM-->
QUOTE (Timon @ Jun 19 2005, 06:05 AM)
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Originally posted by Trev@Jun 18 2005, 04:32 PM
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Old 06-20-2005   #17
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Originally posted by Timon+Jun 18 2005, 09:05 PM-->
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Quote:
Originally posted by Trev@Jun 18 2005, 04:32 PM
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Old 06-20-2005   #18
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Quote:

« Previous Thread | Next Thread »

Originally posted by DrGuile+Jun 18 2005, 04:42 PM-->
QUOTE (DrGuile @ Jun 18 2005, 04:42 PM)
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Old 06-21-2005   #19
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hey this might be completely off subject but does anybody know if the NHL is gunna be back this comming season... because you know they went on strike... thanks
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Old 06-21-2005   #20
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Originally posted by BubbaGump@Jun 21 2005, 02:13 PM
hey this might be completely off subject but does anybody know if the NHL is gunna be back this comming season... because you know they went on strike... thanks
There *will* be a 2005/06 season.
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Old 06-22-2005   #21
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They're back in negotiations now.

They're agreed to a salary cap but there are still other things to work out apparently..

But its a good sign
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