New NHL Franchises now 500 million? Griffiths should have kept the team

[grandmaster]

Not sure if this should be general or Canucks forum but the question I wonder is the changes of value for the Canucks.

Apparently Buttman is saying new franchises like the one being looked at in Vegas would cost buyers a ridiculous half a billion dollars!

http://m.thestar.com/#/article/sports/hockey/2015/04/24/bettman-thinks-500-million-reasonable-for-nhl-expansion-franchise.html

Can someone give a timeline of the value of the Canucks? In particular how much Arthur Griffiths sold to Mcaw and later to the Aqualini family.

If only Arthur was able to hang on. I think I read the poor guy is now broke.

[cdubuya]

ya. poor guy. how tragic.

[SabreFan1]

The Canucks are worth $800 Million.

http://www.forbes.com/teams/vancouver-canucks/

Aquilini paid $207 Million.

[mpt]

New NHL franchises are different then buying an existing franchise or moving an existing franchise.

If the Griffiths didn't sell to McCaw, the Canucks wouldn't be in Vancouver anymore

[felixthecat_potvin]

500 million? that's all? Think I'll buy this Vegas team. Need name suggestions!

[NuckleheadFan]

The Griffiths put their own capital into the team to keep them a float and in Vancouver for many years. Without the Griffiths, we wouldn't have the Canucks to support. When they sold to McCaw (they sold the arena, the Canucks and the Grizzilies), part of the deal was McCaw was to keep the Canucks in Vancouver.

[skeena1]

500 million? that's all? Think I'll buy this Vegas team. Need name suggestions!

No name, but clearly your captain should be Jarret Stoll.

[thejazz97]

500 million? that's all? Think I'll buy this Vegas team. Need name suggestions!

[Jack Fig]

It's sad that Arthur is broke, and even worse that it has come to light publicly. He never had his father's business acumen.

[SergioMomesso]

500 million. Oh my. One would need to make a profit of 20-25 million a year for twenty years to get a return. But if you own it for ten years and don't lose money it's still a good investment.

[Westcoasting]

The Griffiths put their own capital into the team to keep them a float and in Vancouver for many years. Without the Griffiths, we wouldn't have the Canucks to support. When they sold to McCaw (they sold the arena, the Canucks and the Grizzilies), part of the deal was McCaw was to keep the Canucks in Vancouver.

No there was no agreement in the sale. McCaw was sole owner and could do as he wanted.

[NuckleheadFan]

No there was no agreement in the sale. McCaw was sole owner and could do as he wanted.

I stand corrected, McCaw was originally bought in as a partner at a time when Arthur was looking at various options including selling to someone who would intend to keep the team in Vancouver.

[WilliesStache14]

The Canucks are worth $800 Million.

http://www.forbes.com/teams/vancouver-canucks/

Aquilini paid $207 Million.

decent return...

[John316]

Met arthur in the suite I was in for game 2...really nice guy. He was really appreciative on how I told him if not for him and his father. ..we wouldn't have the canucks in vancouver. Sad how things turned out

[Tiger-Hearted]

I stand corrected, McCaw was originally bought in as a partner at a time when Arthur was looking at various options including selling to someone who would intend to keep the team in Vancouver.

It's too bad Arthur didn't approach either the Aquilini family or Tom Gaglardi instead of McCaw. Gretzky would have been a Canuck, Quinn would have stayed on and most of all, there never would have been an orca logo as the face of the Canucks' brand.

[Delta Hedging]

Asset inflation since the Feds started printing money. Aquilini bought 50% back in 04 and the rest in 06. Seeing the value of the Canucks going 4 folds in 10 years seems reasonable. Heck just look at Vancouver property in 04 compare to now ! lol

[Ghostsof1915]

It wasn't just the Canucks, the Griffiths had control of one of the largest chain of radio/tv stations in Canada. That too was sold off.

[Twilight Sparkle]

basically buttman saying he doesn't want an expansion team, but heres this ridiculous price. best wait for a team to sell then relocate? :x

[rbsx86]

Not sure if this should be general or Canucks forum but the question I wonder is the changes of value for the Canucks.

Apparently Buttman is saying new franchises like the one being looked at in Vegas would cost buyers a ridiculous half a billion dollars!

http://m.thestar.com/#/article/sports/hockey/2015/04/24/bettman-thinks-500-million-reasonable-for-nhl-expansion-franchise.html

Can someone give a timeline of the value of the Canucks? In particular how much Arthur Griffiths sold to Mcaw and later to the Aqualini family.

If only Arthur was able to hang on. I think I read the poor guy is now broke.

He has been broke for decades. Sadly, he was a terrible business man.

[thejazz97]

basically buttman saying he doesn't want an expansion team, but heres this ridiculous price. best wait for a team to sell then relocate? :x

Not a ridiculous price. The NHL won't let Arizona, Florida, Carolina, or Atlanta happen again, and that's why they have the price so high as well as why the ticket drive happens.