"I don’t expect that publicly reported loss numbers will have any impact whatsoever on our ability t...

"I don’t expect that publicly reported loss numbers will have any impact whatsoever on our ability to sell the club," Daly said in an e-mail yesterday. The "losses in the short term don’t seem to be factoring into the interest of potential buyers. They have much bigger, longer-term vision of the investment."

Daly added the league has fielded a number of inquiries about the club. "Lots of calls and discussions [i.e., more than six]. Not sure I would classify them all as interested bidders."

— Paul Waldie, The Globe and Mail

2 months ago James Mirtle 2 comments 0 recs |

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I’m quite sure that Daly’s right – it won’t have any effect on their ability to sell the club.

It WILL, however, have an effect on their ability to sell the club without posting a loss on the transaction.

by Vent on Nov 20, 2009 10:20 AM CST reply actions 0 recs

Props to him for adding the line about them not all being “interested bidders”.

As for the loss numbers not being a negative to a new buyer – I’ll take a guess and say that’s a function of any new buyer looking for significant NHL guaranties in that regard. Either you give it to me cheap, and build those losses (and the damage those current losses have on long-term growth) in to the sale price, or you guaranty me a cushion in case the projections you are selling me don’t pan out.

Glen Sather is a Hockey Genius.

http://glensathersucks.com/
http://twitter.com/ThGeneralissimo

by poploser on Nov 20, 2009 3:26 PM CST reply actions 0 recs