Wednesday, June 15, 2011

Want to be part owner of an NHL hockey team? NBA team??

Although the Maple Leafs haven't won since 1967- since the NHL expansion.....they are the most profitable team around.

There is a waiting list for season tickets and every home game has been sold out since 2002 despite the four decade plus losing streak.

Unlike fickle fair-weather Vancouver Canuck Fans....Leafs fans are ferociously loyal.   Snowbirds in Arizona and other parts south fill up the Stadiums when Maple Leafs are on the road.


They are the most valuable franchise in the NHL (est $505 million) and now, because the Ontario Teachers Fund is dumping their 66% stake in Maple Leaf Sports and Entertainment - of which the Toronto Maple Leafs is a part - it's up for grabs.  

Also included in the package are the Toronto Raptors NBA team, an AHL Toronto team (the Marlies) and a Soccer team and the Air Canada Center where the games are played, a major condominium project (real estate in Canada isn't in the same pickle as the USA) and 3 TV channels.

An ordinary, hockey-loving Canadian - a New Brunswick transplant in Alberta - Darren Thompson - is trying to make owning a piece of Hockey a reality to at least a million Canadians, for a $1000 apiece.   In the short space of 10 days, already there were pledges of up to 2 million dollars.

Right now, his site is down, pending consultation with lawyers, but there should be an announcement down the pike if it is judged to be feasible.

It's a long shot - but something most Canadians (not me) dream about.

Owning a Hockey Team.

It's an interesting concept, however, I would first want to know why the OTF is getting out!

2 comments:

NPO said...

It would kind of be symbolic ownership like the Green Bay Packers. They have been a nonprofit and publicly owned Football team since 1923, and when they need money for something they sell more stock. Although it has only happened a few times in 90 years. The stock pays no dividends, but you own a piece of history.

Cartoon Characters said...

I am sure the reason why the OTF is getting out of it is because they aren't making any money on it. Otherwise...they would stay in.

I can imagine there are a lot of Canadians that love the idea of "owning a piece of history"... :)