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Teachers 'exploring' majority sale of MLSE?

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  • #16
    Nope. Crazily enough, he was just SO persistent on wanting a team, and made a few questionable decisions in trying to land that team, that the NHL decided he was a bit too 'sleezy' in his tactics and said NO WAY. If I remember it correctly.

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    • #17
      $1.5 billion seems like a stretch. I can't see many suitors at that price. What is the scope of the real estate holdings of MLSE? Let's say the Leafs are valued at ~$400mm and the Raptors somewhere around ~$200, with the ACC around the ~$200mm mark. That means the remainder of MLSE's holdings are worth ~$1.3 billion? Wow. If that's the case, maybe there is some possibility that someone really just wants the 'other' assets and is willing to spin-out the sports teams and the ACC.

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      • #18
        slaw wrote: View Post
        $1.5 billion seems like a stretch. I can't see many suitors at that price. What is the scope of the real estate holdings of MLSE? Let's say the Leafs are valued at ~$400mm and the Raptors somewhere around ~$200, with the ACC around the ~$200mm mark. That means the remainder of MLSE's holdings are worth ~$1.3 billion? Wow. If that's the case, maybe there is some possibility that someone really just wants the 'other' assets and is willing to spin-out the sports teams and the ACC.
        Not sure I get your math..? Sorry.
        $400M + $200M + $200M = $800M
        $1.5B - $800M = $700M (not $1.3B)

        But anyway, Golden State just Sold for $450M. For a team that historically is much more profitable, I can't imagine them asking any less than $350M for the Raps by themselves.
        The Leafs are EASILY worth $600M. Forbes had them at $505M last year, and whoever buys them KNOWS that the Maple Leaf fan base spends money, NO MATTER WHAT. Leafs will make ANYONE money.
        Plus the buyer gets ACC and Toronto FC.

        Not a huuge stretch, I wouldn't say.

        Still ALOT of money for a couple of crappy teams.

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        • #19
          joey_hesketh wrote: View Post
          Still ALOT of money for a couple of crappy teams.
          Sorry, poorly worded post on my part. Teachers only has 66% of MLSE, so I meant that you basically had to add another $750mm to get to 100%, which seemed crazy high to me (I realize there is a premium but still...).

          And hey, you don't just get the Raps and Leafs - you get TFC! And the Marlies! (You also get all of that sweet, sweet, real estate).

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          • #20
            More On The Teachers

            Source: TheGlobeAndMail

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