Guest Steckle Posted November 7, 2008 Report Share Posted November 7, 2008 Just heard on sports 590 on sportsnet that basille stated the habs are for sale according to la presse and i guess Gillet denies it so i wonder what goin on there http://tsn.ca/nhl/story/?id=255052&lid...s=topStory_main Link to comment Share on other sites More sharing options...
GreekHockeyCoach Posted November 7, 2008 Report Share Posted November 7, 2008 This was already posted here by Jenifer_Rocket and he provides a link to TSN. http://forum.canadiens.com/index.php?showt...0&start=320 Link to comment Share on other sites More sharing options...
maximus123 Posted November 7, 2008 Report Share Posted November 7, 2008 yeah its been going on the french news alot this morning here are some report : http://www.cyberpresse.ca/sports/hockey/20...il-a-vendre.php and this one of balsilie now denying : http://www.rds.ca/canadien/chroniques/263121.html Link to comment Share on other sites More sharing options...
habsfan321 Posted November 7, 2008 Report Share Posted November 7, 2008 I sware, if he trys to relocate the team to Hamilton... Link to comment Share on other sites More sharing options...
HabsAlways Posted November 7, 2008 Report Share Posted November 7, 2008 I sware, if he trys to relocate the team to Hamilton... Considering the success of the Habs both on the ice and financially, I highly doubt they are currently for sale. Link to comment Share on other sites More sharing options...
habsfan321 Posted November 7, 2008 Report Share Posted November 7, 2008 and this one of balsilie now denying : http://www.rds.ca/canadien/chroniques/263121.html It's just another story invented by the media. Link to comment Share on other sites More sharing options...
maximus123 Posted November 7, 2008 Report Share Posted November 7, 2008 It's just another story invented by the media. by montreal media? come onnnn Link to comment Share on other sites More sharing options...
leafs_rock_go_mccabe Posted November 7, 2008 Report Share Posted November 7, 2008 Booooooooooo La Presse! Let's storm their building. Seriously... It's downtown across the street from Steve's music. Metro Place D'armes. Let's go! Link to comment Share on other sites More sharing options...
GIJAYNE Posted November 7, 2008 Report Share Posted November 7, 2008 I'll buy em. I got $50. Let me give George a quick call here and see if he'll throw in a shar of Liverpool as well. Link to comment Share on other sites More sharing options...
Rocket-1 Posted November 7, 2008 Report Share Posted November 7, 2008 Anything involving Balsilie is a lie. Link to comment Share on other sites More sharing options...
Larry-Robinson Posted November 7, 2008 Report Share Posted November 7, 2008 If he is so intent on buying a team and putting it in Toronto,why don't he make a pitch to MLSE about selling the Leafs to him that should solve both issues for him.The NHL would never allow the Habs to be moved out of Montreal.Wasn't there a stipulation put in the purchase agreement by Molson that Gillett couldn't move the team out of Montreal,if it was I think it would still apply to the new owner if anyone was to but this team,which I highly doubt if Gillett has any intentions of selling the Habs.Baiselle is running out of options now so he is just throwing out rumors to see if he can get any bites. Link to comment Share on other sites More sharing options...
Razor1337 Posted November 7, 2008 Report Share Posted November 7, 2008 k, even the habs are sold to another person, it doesnt mean that the organization is going to be relocated, does it? Montreal is probably the best city in NA to generate revenue from hockey, so it doesnt make any sense to move to somewhere else. The current owner of the canadiens is an american... I sort of what the habs to be sold to a canadian =P I wish my dad can buy it lol Link to comment Share on other sites More sharing options...
Twillightzone Posted November 7, 2008 Report Share Posted November 7, 2008 I dont think habs are up for sale anytime soon boys and girls. What I do wonder is what this Balsilie is to gain with spreading a rumour like this? Have the guy bet all his money on tonights game and all in on Columbus or something and hope to stir things up with this? Link to comment Share on other sites More sharing options...
maximus123 Posted March 23, 2009 Report Share Posted March 23, 2009 Well that story is coming back http://www.cyberpresse.ca/dossiers/le-cana...le-canadien.php Pierre Boivin confirmed to La Presse that the group BMO received the mandate to evaluate every possible strategy concerning Gillett's property he goes on to say that those are hard time economic wise and that Gillett hired group around the world to evaluate all of their business Link to comment Share on other sites More sharing options...
mtlstreitfan Posted March 23, 2009 Report Share Posted March 23, 2009 *Optimistic Post* Already this morning, the radio stations in Montreal are saying "it looks like the habs are for sale..." However, I don't see this move as necessarily meaning that a sale is imminent - just that as a businessman, he is re-evaluating his assets (all of them according to the report); which makes sense in these economic times. It is important to see what investments are making money and what investments are sinking the boat. Lots of people get their houses re-evaluated over the years, check on their stocks, etc. Kazillionnaire or not, it's really the same thing as anyone else, just on a [way] bigger scale. While they do state that restructuring and yes - even sale of assets - is possible, at the moment, it is simply at the stage of evaluation. I guess it just bothers me that, while I appreciate Gillett & Boivin are being transparent in their business decisions concerning the Habs, the automatic jump to "omg, the habs are for sale" in the media just gets under my skin. Link to comment Share on other sites More sharing options...
swimmerpuck Posted March 23, 2009 Report Share Posted March 23, 2009 Well that story is coming back http://www.cyberpresse.ca/dossiers/le-cana...le-canadien.php Pierre Boivin confirmed to La Presse that the group BMO received the mandate to evaluate every possible strategy concerning Gillett's property he goes on to say that those are hard time economic wise and that Gillett hired group around the world to evaluate all of their business I'll certainly consider the source given there inherent ability to make a mountain out of a mole hill. LOL I'm not sure what or how much Mr. Gillett co-owns in Nascar anymore. There's been some merging and re-organization there. I see him listed as a co-owner on four different Cup cars. But if ever there was a money pit, I would think the the Nascar (insert whatever sponsorship name they are using now) Cup Series would be it. Link to comment Share on other sites More sharing options...
SteenIsThaFuture Posted March 23, 2009 Report Share Posted March 23, 2009 Without seeing the books for George its hard to comment on the situation. How much money does he have? How much operating income are the Habs providing? What is their true value? (AKA not Forbes). I know exactly what BMO will tell Goerge, "Sports teams occur less of a setback during bear markets, even in this terrible depression the estimates of how low a sports team value will fall is undeterminable, yet history states the impact isn't as hard as other companies." However IMO ALL SPORTS OWNERS should be selling their teams ASAP, there is a bubble forming akin to the o so famous sub-prime housing bubble forming in the sports world, check out league and franchise net growth rates, tickets prices amongst other things and in comparison to actual revenues and operating income for the evidence, and I could see a collapse in the sports market in the near future. Link to comment Share on other sites More sharing options...
TheBlaster_mtl Posted March 23, 2009 Report Share Posted March 23, 2009 $334 million, eh? Hmm...will they take a post dated cheque? Link to comment Share on other sites More sharing options...
I1IscottieI1I Posted March 23, 2009 Report Share Posted March 23, 2009 I don't care if Gillette sells them just as long as the team stays in Canada and preferably in Montreal. Link to comment Share on other sites More sharing options...
cooch-a-mania Posted March 23, 2009 Report Share Posted March 23, 2009 just add this to the fire..... Link to comment Share on other sites More sharing options...
SteenIsThaFuture Posted March 23, 2009 Report Share Posted March 23, 2009 Guys an IMPORTANT piece of information from the article. It DOOES NOT say Gillet is specifically looking to sell the Habs. It says and I quote, "owner George Gillett is considering options for many of his assets, including the legendary franchise." It doesn't say Gillet is trying to sell the Habs, it doesn't say he wants to, it says hes considering options on all his assets. Its a smart business move to do, there is no word on any sort of action, or that anything concrete is even being considered. Hes just getting eveluations done, and making decisions from that point further. Link to comment Share on other sites More sharing options...
mtlstreitfan Posted March 23, 2009 Report Share Posted March 23, 2009 Guys an IMPORTANT piece of information from the article. It DOOES NOT say Gillet is specifically looking to sell the Habs. It says and I quote, "owner George Gillett is considering options for many of his assets, including the legendary franchise." It doesn't say Gillet is trying to sell the Habs, it doesn't say he wants to, it says hes considering options on all his assets. Its a smart business move to do, there is no word on any sort of action, or that anything concrete is even being considered. Hes just getting eveluations done, and making decisions from that point further. My point (as posted earlier) exactly. Link to comment Share on other sites More sharing options...
whalerfan Posted March 23, 2009 Report Share Posted March 23, 2009 Remember Bettman is our commissioner....he'd approve a move to Birmingham, Alabama in a blink of an eye if they have an arena Link to comment Share on other sites More sharing options...
SteenIsThaFuture Posted March 23, 2009 Report Share Posted March 23, 2009 Remember Bettman is our commissioner....he'd approve a move to Birmingham, Alabama in a blink of an eye if they have an arena A move of a franchise has to be approved league-wide, not just by the commissioner. Link to comment Share on other sites More sharing options...
whalerfan Posted March 23, 2009 Report Share Posted March 23, 2009 A move of a franchise has to be approved league-wide, not just by the commissioner. ummmm , it was just a joke Link to comment Share on other sites More sharing options...
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