Post by dreamcatcher on Dec 21, 2004 12:42:12 GMT -5
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, and an absolutely great plan (I am quite sure some of you have thought of this and likely Darren has as well) to sell "mock shares" to the public at $1000.00 a share.
Selling 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 the entire venture of purchasing a team, having finances in place for the first year, transfer, approval of NHL, buyout and mortgage assumption cost $120 million, then the remaining cost among the ownership group, equally divided, would be $1.75 million each. Now, this figure would fluctuate dramatically, since some would likely buy in at $500,000 or a milion, and soe would buy in for far far more. The more investment the merry I say.
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.
Additionally, it has been suggested on this site long ago, that a mock season ticket purchase (with money again placed in a trust fund) would go a long way in proving Winnipegs wants and needs thruout our sports community.
All money, should this venture fail, would be re-fundable in full of course.
The Mock shares, could be opened up to anyone across the Globe, that is, was or every would be, an NHL in Winnipeg Hockey fan!
Imagine if you will, although some may find this far fetched, if we sold 100-120,000 shares across North America, at $1000.00 per share? Along with, of course, investment from an ownership group?
Certainly, there would be more than sufficient funding in place for an NHL franchise.....
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, and an absolutely great plan (I am quite sure some of you have thought of this and likely Darren has as well) to sell "mock shares" to the public at $1000.00 a share.
Selling 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 the entire venture of purchasing a team, having finances in place for the first year, transfer, approval of NHL, buyout and mortgage assumption cost $120 million, then the remaining cost among the ownership group, equally divided, would be $1.75 million each. Now, this figure would fluctuate dramatically, since some would likely buy in at $500,000 or a milion, and soe would buy in for far far more. The more investment the merry I say.
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.
Additionally, it has been suggested on this site long ago, that a mock season ticket purchase (with money again placed in a trust fund) would go a long way in proving Winnipegs wants and needs thruout our sports community.
All money, should this venture fail, would be re-fundable in full of course.
The Mock shares, could be opened up to anyone across the Globe, that is, was or every would be, an NHL in Winnipeg Hockey fan!
Imagine if you will, although some may find this far fetched, if we sold 100-120,000 shares across North America, at $1000.00 per share? Along with, of course, investment from an ownership group?
Certainly, there would be more than sufficient funding in place for an NHL franchise.....