If the $500M number is legit, we have hit the big time. The Carolina Hurricanes just sold for a reported $420M. That’s why I’m skeptical. I just have a hard time believing even one of the 2-3 weakest NHL franchises is worth less than a middling MLS franchise. (The Canes were typically around #20 in the NHL the first 15 years they were down here. They haven’t made the playoffs since 2009 and attendance has slowly bled to where it’s a weak franchise. But the potential is there for the Canes to be more of a middling franchise than a weak sister.)
DC was valued at $230 mil last year by Forbes, and that was before opening Audi Field and the new training facility. $500 mil is a big leap from $230 mil, but it's not as unreasonable as you seem to think it is.
The stadium and the soon-come training facility account for 90 percent of the valuation, according to the SI post.
Goff said today Audi cost nearly $400 million to build. Plus a Training Facility that cost $50 million. Don't know if that was included in the figure. Now, cost does not equal valuation. But they do have stuff that cost $450 million to build that they did not have before.
The Hurricanes are valued at $550 large, the new owner bought 61 percent. The article didn’t say if the arena is part of the deal. I’d guess not. Dundon will own 61 percent of the NHL team, which was valued at $550 million, with an option to buy the remainder in three years. Read more here: http://www.newsobserver.com/sports/nhl/carolina-hurricanes/article194115074.html#storylink=cpy
The Clippers weren't realistically worth anything close to $1 Billion when Steve Balmer bought them several years back. Their weren't any teams in the NBA that were close to that valuation at the time. People though he was crazy. Now just about every team in the league is worth over a billion dollars overnight. Sports team values are based on what someone is willing to pay and growth potential just as much as they are valued on current assets. If recent history is anything to go by, growth potential seems to be weighted much more heavily than current assets. This number really doesn't surprise me at all.
They should tell Balotelli that Virginia sends people to the bing for speeding, even if they are rich athletes.
Sorry we have been under our shitty ownership for 10+ years vs. your shitty ownership 8+ years. We are next.......
Your Shitty owner at least splurged for Bastian Schweinsteiger and Nikolic, ours "splurged" on Bedoya and M'Bohli...............Philly wins out.
See this is the thing people have to wrap their mind around valuations aren't what Goff thinks it is it's what someone will pay.
I’m assuming that buying the team doesn’t mean buying Audi field, it means buying the mortgage. If they are buying the field, well, that would mean DCU has almost no value. IMHO that’s more unlikely than the team being worth a half billion dollars. 1. Thanks for the correction. I legit thought the purchase set the team value at $420M. 2. In a move familiar to MLS fans, the Canes don’t own the arena but they operate it. I suspect that until the last 5 years, in a typical year the Canes lost a few million while he corporation that runs the arena (iirc, Gale Force Holdings) made a few million.
Balotelli he seems like a NorthWest DC or DC proper type that buys a home in the ritzy Potomac area (Maryland) kinda guy.
You sure about that. After doing absolutely NOTHING for 9 years, you would think he would be telling the whole world that he signed Schweinsteiger and Nikolic. Can't prove it but i'm pretty sure the league and a bunch of funny money was involved with these signings.