Tuesday, April 28, 2009

Relocation Issues and a Panthers Merger?

News and Notes from around the Business world of Hockey...

- The NHL and NHLPA are butting heads over a possible second franchise in the Toronto area via Relocation (Globe and Mail):

"With a handful of Sun Belt teams struggling to sell hockey, NHLPA director of player affairs Glenn Healy believes the timing could not be better for the NHL to seriously look at transferring a second team to the Toronto area.

He also stated that, in addition to Canadian billionaire Jim Balsillie and a group that wants to bring a team to Vaughn, Ont., there are at least two other factions interested in landing another NHL team for Southwestern Ontario.

"They have been trying to fit a square peg into a round hole for a lot of years," Healy said yesterday, in reference to the failure of the Sun Belt teams in the NHL. "They have tried everything in the world to sell the game, market the game, put fans in the seats and it doesn't work for a lot of reasons."

The square peg into a round hole analysis is a perfect way to put it. I've never been a big fan of the southern movement to being with, but I'm all for sticking with the ones that have worked relatively well so far.

- Speaking of the Southern movement, the Florida Panthers are the subject of merger talks (Sports Business Journal):

"The Florida Panthers are in negotiations to merge the team, its arena management company and rights to the real estate surrounding BankAtlantic Center with Sports Properties Acquisition Corp., a public-stock company formed last year, sources said.

The potential deal values the assets at $230 million, including debt, with the plum in the talks a planned mixed-use development around the south Florida arena, the sources said. The negotiations have been taking place over the last several weeks, the sources said."

As a franchise, the Panthers have struggled from poor on-ice performance, but the BankAtlantic Center books over 200 events per year, which most likely means a nice profit in general. The merger would probably help a lot with any Panther debt that is lying around.

- That's all I got for today, but I found these commercials on YouTube the other day and I cannot believe I forgot about them. "Clement Clement, hands of Cement" haha, enjoy:

BallHype: hype it up!

1 comment: