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Post by Steeler1 on Mar 28, 2023 13:22:00 GMT -4
I'm wonder what anyone is thinking about the latest initiative by the hockey club to sell shares in the club. I have a lot a questions now before acting on this. Such as, who owns the club now? Is it someone from FixAuto?
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galixon
Blue-Chip Prospect
Posts: 486
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Post by galixon on Mar 28, 2023 20:49:23 GMT -4
I'm wonder what anyone is thinking about the latest initiative by the hockey club to sell shares in the club. I have a lot a questions now before acting on this. Such as, who owns the club now? Is it someone from FixAuto? The Fix Auto deal was blocked by the league because of his intentions to move the team, I believe that was reported public in the media recently. There have been rumours that Fix Auto is now pursuing the purchase of the Armada instead. |
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Post by lirette on Mar 28, 2023 22:29:12 GMT -4
I'm wonder what anyone is thinking about the latest initiative by the hockey club to sell shares in the club. I have a lot a questions now before acting on this. Such as, who owns the club now? Is it someone from FixAuto? What perks does that come with beyond what a season ticket holder would get? It's hard to imagine someone investing additional money in the team to buy shares unless there is some serious perks involved. Its not like the team is going to produce enough profit to get any kind of payout. |
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Post by dogshockeyfan on Mar 29, 2023 6:39:52 GMT -4
If you could get enough interest in shares it might work. Depending on the cost. Local business ect could buy in. What about theme or promo nights. Things like 80s night or 90s night. Maybe an acadian night,or Irish night. Promo nights with players from the past, or like family deals that the price includes a hotdog and drink? Or a young adult night that includes a beer or something. Just throwing some ideas out there.
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Post by jaunedoeuf on Mar 29, 2023 7:54:17 GMT -4
NHL Jersey night & win prices for the most worn jersey (Boston Bruin), Halloween night prices for the best 5, Noise night, Ref night dress up as a ref (you could even be blind) Joke.
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Post by dogshockeyfan on Mar 29, 2023 8:25:26 GMT -4
LOL I love the ref idea thats awesome
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Post by Jack Bauer on Mar 29, 2023 9:13:44 GMT -4
I'm wonder what anyone is thinking about the latest initiative by the hockey club to sell shares in the club. I have a lot a questions now before acting on this. Such as, who owns the club now? Is it someone from FixAuto? What perks does that come with beyond what a season ticket holder would get? It's hard to imagine someone investing additional money in the team to buy shares unless there is some serious perks involved. Its not like the team is going to produce enough profit to get any kind of payout. Yeah seems like a gimmick to me. If they need a cash injection through a season how does that work? Go ask the 125 owners for $20 each? |
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Post by jimmy on Mar 29, 2023 10:51:28 GMT -4
What perks does that come with beyond what a season ticket holder would get? It's hard to imagine someone investing additional money in the team to buy shares unless there is some serious perks involved. Its not like the team is going to produce enough profit to get any kind of payout. Yeah seems like a gimmick to me. If they need a cash injection through a season how does that work? Go ask the 125 owners for $20 each? I can't see it being a feasible strategy ... not enough fans, not enough money, IMO. Anyone with enough cash to move the needle even slightly (say $100k) was likely already at the table the last time a community group bought the team ... If they were to make the shares say $1,000 each, they would need to sell 1,000 shares to come up with $1 million - and $1 million won't go far, it would be a minority stake in the team, let alone enough to cover ongoing working capital needs. |
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galixon
Blue-Chip Prospect
Posts: 486
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Post by galixon on Mar 29, 2023 11:07:14 GMT -4
Yeah seems like a gimmick to me. If they need a cash injection through a season how does that work? Go ask the 125 owners for $20 each? I can't see it being a feasible strategy ... not enough fans, not enough money, IMO. Anyone with enough cash to move the needle even slightly (say $100k) was likely already at the table the last time a community group bought the team ... If they were to make the shares say $1,000 each, they would need to sell 1,000 shares to come up with $1 million - and $1 million won't go far, it would be a minority stake in the team, let alone enough to cover ongoing working capital needs. A similar strategy is being used already by a couple of OHL teams, including the Kitchener Rangers. So there is some proof that it could work. This is from a page on the Rangers website: "To this day there is not one, lone “owner” of the club; instead, a 39-person Board of Directors is elected by the club’s season ticket members each year to act as the “trustees” of the storied franchise. This Board of Directors is comprised entirely and only of Kitchener Rangers’ season ticket members. The Rangers are one of six teams in the Canadian Hockey League (Moose Jaw Warriors, Swift Current Broncos, Lethbridge Hurricanes, Peterborough Petes) that are publicly owned." kitchenerrangers.com/our-legacy |
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Post by Jack Bauer on Mar 29, 2023 11:17:02 GMT -4
I can't see it being a feasible strategy ... not enough fans, not enough money, IMO. Anyone with enough cash to move the needle even slightly (say $100k) was likely already at the table the last time a community group bought the team ... If they were to make the shares say $1,000 each, they would need to sell 1,000 shares to come up with $1 million - and $1 million won't go far, it would be a minority stake in the team, let alone enough to cover ongoing working capital needs. A similar strategy is being used already by a couple of OHL teams, including the Kitchener Rangers. So there is some proof that it could work. This is from a page on the Rangers website: "To this day there is not one, lone “owner” of the club; instead, a 39-person Board of Directors is elected by the club’s season ticket members each year to act as the “trustees” of the storied franchise. This Board of Directors is comprised entirely and only of Kitchener Rangers’ season ticket members. The Rangers are one of six teams in the Canadian Hockey League (Moose Jaw Warriors, Swift Current Broncos, Lethbridge Hurricanes, Peterborough Petes) that are publicly owned." kitchenerrangers.com/our-legacyContext is important though. Those markets are larger. And did those markets already attempt local ownership ahead of that? Who is left in Bathurst that already wasn't invited to the table when locals bought the team? You can't compare Kitchener/Waterloo to Bathurst. You're talking 300K people in a thriving tech led economy less then 100KM from the GTA to 11K in Northern NB pulling from an area of what 50-60K people and no major employer in the region? The Rangers are also already a good draw in their league and didn't need to be revived from sitting at 1600 fans per night. They're already financially stable and based on attendance have never needed much saving. Bathurst is not and never will be a good comparable to the Kitchener Rangers |
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galixon
Blue-Chip Prospect
Posts: 486
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Post by galixon on Mar 29, 2023 12:19:54 GMT -4
A similar strategy is being used already by a couple of OHL teams, including the Kitchener Rangers. So there is some proof that it could work. This is from a page on the Rangers website: "To this day there is not one, lone “owner” of the club; instead, a 39-person Board of Directors is elected by the club’s season ticket members each year to act as the “trustees” of the storied franchise. This Board of Directors is comprised entirely and only of Kitchener Rangers’ season ticket members. The Rangers are one of six teams in the Canadian Hockey League (Moose Jaw Warriors, Swift Current Broncos, Lethbridge Hurricanes, Peterborough Petes) that are publicly owned." kitchenerrangers.com/our-legacyContext is important though. Those markets are larger. And did those markets already attempt local ownership ahead of that? Who is left in Bathurst that already wasn't invited to the table when locals bought the team? You can't compare Kitchener/Waterloo to Bathurst. You're talking 300K people in a thriving tech led economy less then 100KM from the GTA to 11K in Northern NB pulling from an area of what 50-60K people and no major employer in the region? The Rangers are also already a good draw in their league and didn't need to be revived from sitting at 1600 fans per night. They're already financially stable and based on attendance have never needed much saving. Bathurst is not and never will be a good comparable to the Kitchener Rangers I said similar strategy, not similar market. Reading is important too... Obviously the markets are way different, but the strategy itself is being used already |
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Post by Jack Bauer on Mar 29, 2023 12:29:31 GMT -4
Context is important though. Those markets are larger. And did those markets already attempt local ownership ahead of that? Who is left in Bathurst that already wasn't invited to the table when locals bought the team? You can't compare Kitchener/Waterloo to Bathurst. You're talking 300K people in a thriving tech led economy less then 100KM from the GTA to 11K in Northern NB pulling from an area of what 50-60K people and no major employer in the region? The Rangers are also already a good draw in their league and didn't need to be revived from sitting at 1600 fans per night. They're already financially stable and based on attendance have never needed much saving. Bathurst is not and never will be a good comparable to the Kitchener Rangers I said similar strategy, not similar market. Reading is important too... Obviously the markets are way different, but the strategy itself is being used already Because the market is so different. The strategy has been attempted in Bathurst. It hasn't worked. There's not enough people to draw from and the rink isn't big enough for when people do show up to really capitalize on it. Bathurst is too remote to draw from the larger communities in NB. Thats a huge factor that more local ownership doesnt change. |
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galixon
Blue-Chip Prospect
Posts: 486
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Post by galixon on Mar 29, 2023 12:37:47 GMT -4
I said similar strategy, not similar market. Reading is important too... Obviously the markets are way different, but the strategy itself is being used already Because the market is so different. The strategy has been attempted in Bathurst. It hasn't worked. There's not enough people to draw from and the rink isn't big enough for when people do show up to really capitalize on it. Bathurst is too remote to draw from the larger communities in NB. Thats a huge factor that more local ownership doesnt change. When has Bathurst ever tried it? You can't say the local ownership group is anything like what Kitchener is doing. |
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Post by bois on Mar 29, 2023 12:46:24 GMT -4
buy in to cash out when they finally sell
i'd probably do it if i had the money lol
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Post by jimmy on Mar 29, 2023 12:54:07 GMT -4
Because the market is so different. The strategy has been attempted in Bathurst. It hasn't worked. There's not enough people to draw from and the rink isn't big enough for when people do show up to really capitalize on it. Bathurst is too remote to draw from the larger communities in NB. Thats a huge factor that more local ownership doesnt change. When has Bathurst ever tried it? You can't say the local ownership group is anything like what Kitchener is doing. Don't the Kitchener Rangers essentially operate a as a not-for-profit organization? And they cover their operating costs each year through team revenues? The problem with that model in Bathurst is, who cuts the cheques when the team has a deficit? And can they raise enough initial capital to buy the team from the existing shareholders? Or do they just expect them to give it away? |
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