I don't see any potential buyers for the Lions materializing.
This team has become such an embarrassment that very few other than season ticket holders are going to go to any of the remaining games. And how many of the ST holders will just take their $60-100 per seat loss and stay home rather than fight traffic, pay for parking and expensive beer just to watch a bunch of poorly coached losers who are incapable of playing like a team.
The team has reached rock bottom, but will Braley's asking price? Based on past history and his failure to sell to a legit interested group in the past, I would say: NO SALE.
If Lions Sold After the Season - What Will Happen - Updated Poll
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- Toppy Vann
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I don't see a quick buy either Dano - but not for the reason the team is in a trough right now.
In fact from a believing buyer's point of view this is exactly the time to buy versus when the stands are full.
This is good times in some ways for the group that has gone public as they want this team, believe in the CFL and have a model of $200,000 shares sold to an ownership group of 20-30 like the Edmonton Oilers pulled off some years back.
First they need to get a price guarantee from David Braley's side and then do the work to get the money raised as they want to pay raise money for the team buy and a near equal sum for operations.
This will take time.
Not sure the CFL attracts the deep pocket investor seeking an ROI.
In fact from a believing buyer's point of view this is exactly the time to buy versus when the stands are full.
This is good times in some ways for the group that has gone public as they want this team, believe in the CFL and have a model of $200,000 shares sold to an ownership group of 20-30 like the Edmonton Oilers pulled off some years back.
First they need to get a price guarantee from David Braley's side and then do the work to get the money raised as they want to pay raise money for the team buy and a near equal sum for operations.
This will take time.
Not sure the CFL attracts the deep pocket investor seeking an ROI.
"Ability without character will lose." - Marv Levy
I agree, Toppy. It sounds counter-intuitive and I have heard others like DanoT who believe no one would be interested in such a burning tire fire. But this is exactly the time to jump on board. The asking price is likely as low as it has been in the past 15-20 years (in theory anyway). making it MORE attractive not less for potential investors.
At the risk of sounding callous, Mr. Braley is in declining health. It sounds as though he has had some health scares and the prognosis of long-term recovery are not great by the sounds of it. He likely does not want to burden his family with team ownership should he pass, so there is some motivation to get a deal done.
DH
At the risk of sounding callous, Mr. Braley is in declining health. It sounds as though he has had some health scares and the prognosis of long-term recovery are not great by the sounds of it. He likely does not want to burden his family with team ownership should he pass, so there is some motivation to get a deal done.
DH
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- DanoT
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The problem with a multi share owner group is that regardless of the "bargain purchase price" today, the future may require a cash infusion to cover operating costs which then becomes problematic when there is no deep pocket ownership.
- Toppy Vann
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That can be very true but this group is apparently wanting to pay something like $10 million and have another $10 mill for operating costs.
This multi share group might work to bring the franchise up to respectability in play and marketing success such that a deep pocket buyer is actually interested.
"Ability without character will lose." - Marv Levy