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Post by Terry on Nov 27, 2004 12:57:13 GMT -5
hey guys,
keep in mind that if a team is to move here, we need True North Entertainment to be a big stake holder, to make it truely profitable.
If some guy wants to move his team here, but remain owner, he'll have to sign some lame-Go Jets Go lease agreement to use the MTS Centre.
and with lease agreements, the landlord will often wirte it up to be in his best interests. It is essential that whoever it is that moves here sells the team to True North, or to True North and a group of investors.
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Post by Ducky on Nov 28, 2004 23:41:56 GMT -5
yes thats the way it should happen.
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Post by jets4life on Nov 28, 2004 23:50:52 GMT -5
hey guys, keep in mind that if a team is to move here, we need True North Entertainment to be a big stake holder, to make it truely profitable. If some guy wants to move his team here, but remain owner, he'll have to sign some lame-Go Jets Go lease agreement to use the MTS Centre. and with lease agreements, the landlord will often wirte it up to be in his best interests. It is essential that whoever it is that moves here sells the team to True North, or to True North and a group of investors. True North would definitely jump on board if a group of investors ever were to be sucessful at buying a NHL team, and relocating them to Winnipeg. If True North refused to lease the arena, they would suffer a backlash so severe that anything associated with the company would suffer. In 1979, the NHL almost did not admit the 4 WHA teams (Edmonton, Winnipeg, Quebec, and hartford) because Montreal vetoed the move earlier. Guess who owned the Canadiens? Molson Brewries. People inWestern Canada and Quebec City boycotted Molson. As a result, Molson beer went from #1 in Canada to #2, and #3 in most Western Candian markets. Molson realized that they would take a big financial hit if they didn't reverse their stand. So reluctantly, the Canadians voted in the WHA teams.
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Post by bigchris on Nov 29, 2004 20:16:03 GMT -5
true north will be worse than Enterprises and Shenkerow. We need a solid ownership outside of the arena group and a hockey man at the helm of the hockey team with the power to build a winner.
Let's face facts, chipman has never shown that he is willing to lift a finger to improve the moose's fortunes so what makes you believe he will do so once we get into the NHL? Shenkerow twiddled his thumbs while the Jets got smacked around by the Oilers every year and handcuffed Ferguson financially in terms of who he could bring in. (See his reluctance to spend any money when Gretzky was available in 1979.)
I would allow true north to have a stake in the new team but by no means should they be allowed controlling interest. I would go as far as to hope that the next owner buys out the arena and runs the whole thing themselves. This would prevent a nonchalant attitude towards building a team this community can be proud of that currently plagues the moose.
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Post by dreamcatcher on Dec 21, 2004 12:33:55 GMT -5
I am in agreement with BigChris. True North and Mark Chipman have never stated they would be part of an ownership group, to my knowledge. Simply that they wouldn't stand in the way.
What worries me a tad when statements such as these are made, is what exactly will their role be in all this? Will they be landlords, or partners? This, is an undecided factor as far as I am aware.
Better to perhaps buyout Mark and True North in the future hence my $112 million proposal.
I am in complete agreement that we require strong and brave leadership in this venture.
The figure of $112 million is based on several factors.
One, the current Mortgage on MTS Centre is $60 million, spread out over 60 different credit unions across Manitoba and Saskatchewan (as I've posted previously)
If Mark relinquished his hold on the MTS Centre, a new ownership group could assume this mortgage, purchase the franchise along with transfer fee (which might be waived) and buy him out with a nominal amount of money. We would then purchase a franchise, hopefully at a decent price, naming rights for the Jets from the League (apparently, for next to nothing) and STILL have sufficient finances for a year of operations.
What would make this work as a solid deal, would be the ownership group getting together and formulating a business plan of attack, or a feasibility study based on a Cost Certainty system, not a feasibliity study based on the current CBA. I think it actually would be in Winnipegs absolute best interests, to sell "mock shares" to the public at $1000.00 a share.
Selling only 50,000 shares generates $50 million dollars and the remainder of monies would be put up by an ownership group of say 40 companies/and wealthy private owners. If they entire venture cost $120 million, then the remaining cost among the ownership group, equally divided, would be $1.75 million each.
These numbers are of course fictional, and open to interpretation and workable but the mock share idea could work quite well. This is something that could be started immediately pending the ultimate results of the lockout this year. Money always talks, and if the money is in place in trust, that is a considerable amount to look at for any owner looking to sell his franchise.
I will post this as a new thread for everyones reading enjoyment!!
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Post by Luke on Dec 23, 2004 1:04:27 GMT -5
great ideas people
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