Notable Quotable of the Day
The Power Play —
... - Marc Gagnis, president of sports finance company SportsCorp Ltd. of Chicago, explaining why Toronto is the best market for another NHL franchise. ...
The Value Of A 2nd Team In Toronto
KK Hockey —
... second team in Toronto would instantly become the third most valuable franchise in the league behind the Maple Leafs and New York Rangers and on par with the Detroit Red Wings and Montreal Canadiens, sports finance expert Marc Ganis said.
Ganis, the president of SportsCorp Ltd. of Chicago and a consultant to professional sports clubs and leagues, said the size and strength of the Greater Toronto Area market would drive the new franchise’s value.
continued
Case of the Mondays - Daily "Linkin' Logs" (11/10/08)
The Bad News Bloggers —
... In more interesting news (that is utterly flying under the radar) is the distinct possibility of a second NHL Team in Toronto. This article, from Canada's Globe and Mail suggests that the franchise would become amongst the most valuable NHL franchises and moreover would have to pay some type of fee to the Maple Leafs in order to exist in their fair city. While I'm extremely hesitant of NHL expansion, I believe moving a crappy Florida or Phoenix or perhaps San Jose (a good team, in a bad area for them) team to Toronto may work out...though I believe it deserves its own arena. ...
NHL News From Around The League
Movable Type System Activity —
... The value of a second NHL team in the Toronto area could be up to $600 million. The Maple Leafs would be entitled to a $250 million territorial payment if the NHL relocates a second team into their territory. Meanwhile, Hamilton city councilors are ...
Big money for second team in Toronto
The Hockey Herald —
via Globe and Mail:
The value of a second NHL team in Toronto would range between $400-million and $600-million, and Maple Leaf Sports and Entertainment would be entitled to a one-time territorial payment of up to $250-million for allowing the relocation of an existing team, according to sports economists.
The second team in Toronto would instantly become the third most valuable franchise in the league behind the Maple Leafs and New York Rangers and on par with the Detroit Red Wings and Montreal Canadiens, sports finance expert Marc Ganis said. ...
Daily Linkin Logs
Walker Sports —
... In more interesting news (that is utterly flying under the radar) is the distinct possibility of a second NHL Team in Toronto. This article, from Canada's Globe and Mail suggests that the franchise would become amongst the most valuable NHL franchises and moreover would have to pay some type of fee to the Maple Leafs in order to exist in their fair city. While I'm extremely hesitant of NHL expansion, I believe moving a crappy Florida or Phoenix or perhaps San Jose (a good team, in a bad area for them) team to Toronto may work out...though I believe it deserves its own arena. ...
More Morning Skate: Stomping on Toronto's Buzz, Olie's Homecoming and a Shanny Signing?
Slap Shot —
David Shoalts had a story in yesterday’s Globe and Mail that caused a buzz. He asked sports economists to speculate on some of the finances involved in putting a second team in Toronto ($400-$600 mil for the club, another $250 mil to the Leafs for territorial payments, stuff like that). By the evening, N.H.L. Commissioner Gary Bettman had debuzzed the matter. First the commish appeared at a sports business conference in Toronto ( ...
