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Post by Grumpz on Apr 10, 2017 9:02:50 GMT -6
Las Vegas will appearantly lose upwards of $30 million per year, right off the bat: nypost.com/2017/04/08/las-vegas-new-hockey-team-struggling-to-sell-media-rights/What a disaster this will be. If the NHL cared about the health of it's teams, they would have dropped the expansion fee to $300 million, so that cities like Quebec, Seattle, Portland, and Houston would seriously consider bids. As it is, the Vegas team will be the next Arizona Coyotes right out of the gate. Drunk Canadians will keep them afloat for a little bit.
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Post by mikecubs on Apr 10, 2017 10:35:34 GMT -6
Las Vegas will appearantly lose upwards of $30 million per year, right off the bat: nypost.com/2017/04/08/las-vegas-new-hockey-team-struggling-to-sell-media-rights/What a disaster this will be. If the NHL cared about the health of it's teams, they would have dropped the expansion fee to $300 million, so that cities like Quebec, Seattle, Portland, and Houston would seriously consider bids. As it is, the Vegas team will be the next Arizona Coyotes right out of the gate. Ya $500M was too much but you don't want to drop the price too low so you do get a bid from a Portland and you certainly DON'T want Seattle since they can't get their act together. I don't think at any price you'd get a bid from Houston. I think Alexander realizes how minor league the NHL is and doesn't want it. Bigger problems though weren't the $500M fee. The bigger problems is the league office and fans(both north vs south) are in a vicious geography battle on where to place teams and don't pick the best markets. Bettman is for the south so the south can NEVER do no wrong. The other problem is the NHL NEVER considers other sports market competition. Remember Bettman said weather the Raiders came or not wouldn't change how the NHL felt about Vegas. Even with a $300M expansion fee if the $30M per year loss is close to accurate Vegas is not going to work. Vegas is a VERY small TV market, a small market in general, the per capita income is awful and there are too many transplants. The Raiders move to Vegas will suck up the local sports fans leaving the NHL with crumbs. Anyone could have seen this coming. It will get worst once the Raiders win the Super Bowl a couple times in Vegas.
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Post by DowntownBooster on Apr 15, 2017 11:45:17 GMT -6
I am kind of surprised that the NHL would charge $ 500 million for an expansion team. It seems rather steep and eliminates most potential markets that may have previously considered making a pitch for a franchise. I know Winnipeg would not have been able to regain entry to the NHL via expansion at that price. I also don't think it's feasible for Quebec either at that price. Perhaps $ 300 million would have been more realistic for an expansion team based on the fact that most of the major markets already have a team. I guess it's possible the NHL wants to cap membership at 32 teams and that is why they wanted $ 500 million for the final 2 spots (now just 1 spot after Las Vegas was granted the 31st franchise).
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