AlbertC
Superstar
Gradey Dick to the Raps!
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Amare
Senior Member
Some unfortunate news from MLSE land, Tannenbaum is going to sell of an underdetermined stake of his holdings to OMERS.
Now if anyone remembers the days of when the OTPP owned the majority of MLSE, they'll remember that was the worst era for the Leafs (asides from the Ballard years) and Raptors since there was virtually no accountability. The top boss (Richard Peddie at the time) could do whatever he pleased (which was run bad teams) and nothing would ever happen to him.
The only thing that's keeping the Raptors, Leafs, Argos and TFC from all turning into complete laughing stalks right now is Tannenbaum. We've seen that Edward Rogers is a lunatic and is willling to mess around and destroy all of the franchises, and it remains to be seen what Marko Bibic wants to do since his busy gutting Bell Media (however the previous CEO George Cope was supportive in investing in all teams).
www.thestar.com
Now if anyone remembers the days of when the OTPP owned the majority of MLSE, they'll remember that was the worst era for the Leafs (asides from the Ballard years) and Raptors since there was virtually no accountability. The top boss (Richard Peddie at the time) could do whatever he pleased (which was run bad teams) and nothing would ever happen to him.
The only thing that's keeping the Raptors, Leafs, Argos and TFC from all turning into complete laughing stalks right now is Tannenbaum. We've seen that Edward Rogers is a lunatic and is willling to mess around and destroy all of the franchises, and it remains to be seen what Marko Bibic wants to do since his busy gutting Bell Media (however the previous CEO George Cope was supportive in investing in all teams).
Larry Tanenbaum close to selling part of his share of MLSE holdings at $8 billion valuation: report
The MLSE chair is close to selling a share of his holdings at an enterprise value of more than $8 billion (U.S.), according to a report from Sportico.
www.thestar.com
AlbertC
Superstar
Dick has a been a hit so far with the locals:
www.blogto.com
Newest Toronto Raptor spotted exploring the city and fans clearly love Dick
The newest Toronto Raptors' draft pick was mobbed by selfie-takers while exploring his new city over the weekend, the latest evidence that fans are...
www.blogto.com
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Jonny5
Senior Member
The Star is reporting that MLSE has ended their attempt to pursue a WNBA expansion team.
www.thestar.com
MLSE backs away from WNBA expansion bidding, leaving hopes of a Toronto franchise in doubt, sources say
The Star has learned that MLSE’s board has decided against bidding to add to its collection of franchises with the first WNBA team outside of the U.S.
www.thestar.com
Amare
Senior Member
Ah yes the dummy Edward Rogers strikes again! Perhaps the most idiotic executive in Toronto.The Star is reporting that MLSE has ended their attempt to pursue a WNBA expansion team.
MLSE backs away from WNBA expansion bidding, leaving hopes of a Toronto franchise in doubt, sources say
The Star has learned that MLSE’s board has decided against bidding to add to its collection of franchises with the first WNBA team outside of the U.S.
Honestly if it wasnt for Bell and Larry Tanenbaum; the Leafs, Raptors, Argos, and TFC would all turn into the biggest dumpster fire that no one has ever seen in their lives (a la Harold Ballard era, or New York Knicks current clown era).
AlbertC
Superstar
Wasn't a very good player back in the day but former Raptor Tyler Hansborough showing Toronto some love:
dailyhive.com
Former Raptors player calls Toronto the "best city I ever lived in" | Offside
Former Toronto Raptors big man Tyler Hansbrough had plenty of praise for his former city on a recent podcast appearance.
dailyhive.com
Jonny5
Senior Member
The Star has a followup on the MLSE WNBA franchise today.
Much as expected, Rogers was opposed, Tannenbaum was in favour, and Bell decided to abstain as while it's implied they supported the idea, they did not want to proceed without unanimous board approval.
The arguments against revolved around projected income losses that were agreed to continue on for many years, and while not mentioned in the story, I believe the arguments included MLSE having to fund that with expensive borrowed money, as they are already dumping a lot of free cash into both the arena renovations, and on USD$10+ million/year on dead contracts to injured Maple Leafs players. They would have to take out financing at high rates today to pay for this, adding to those income losses.
The counter argument is that the upfront capital costs of acquiring a WNBA team will continue to rise faster than the sum of those income losses. A $50M expansion fee today will likely become $100M in perhaps only five years, plus MLSE already has so many synergies with managing and broadcasting in place, adding a new team to the fold is an easy implementation at the corporate level for the organisation. They aren't reinventing the wheel here, they know what they are doing.
www.thestar.com
Much as expected, Rogers was opposed, Tannenbaum was in favour, and Bell decided to abstain as while it's implied they supported the idea, they did not want to proceed without unanimous board approval.
The arguments against revolved around projected income losses that were agreed to continue on for many years, and while not mentioned in the story, I believe the arguments included MLSE having to fund that with expensive borrowed money, as they are already dumping a lot of free cash into both the arena renovations, and on USD$10+ million/year on dead contracts to injured Maple Leafs players. They would have to take out financing at high rates today to pay for this, adding to those income losses.
The counter argument is that the upfront capital costs of acquiring a WNBA team will continue to rise faster than the sum of those income losses. A $50M expansion fee today will likely become $100M in perhaps only five years, plus MLSE already has so many synergies with managing and broadcasting in place, adding a new team to the fold is an easy implementation at the corporate level for the organisation. They aren't reinventing the wheel here, they know what they are doing.
Toronto’s WNBA dream was dead months before the exhibition game: The inside story of how MLSE walked away
Sources tell the Star an internal MLSE report laid out a case for going after a WNBA franchise — but when the two top bosses at Rogers opposed it, the idea died.
www.thestar.com
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AlbertC
Superstar
Amare
Senior Member
The Las Vegas effect on full display last night.
Towered
Senior Member
I think I'm likely related to Jakob Pöltl.
AlbertC
Superstar
Should invite him out for a pint of beer at Bandit brewery to explore potential family ties.
Towered
Senior Member
It's tempting to try! My mom keeps mentioning it - that was her maiden name, and it's a fairly rare one...
AlbertC
Superstar
Interesting! I wonder what would be the easiest way to try and get in contact though. Whether to go the social media route or through the team's media inquiries.
AlbertC
Superstar
Went to the Raps vs Celtics game last night. First Raps home game I've attended in a few years now.
AlbertC
Superstar
Pascal Siakam's piece in the Players' Tribune on his time in Toronto:
www.theplayerstribune.com
Toronto Forever | By Pascal Siakam
Toronto made me feel like I belonged from day one.
www.theplayerstribune.com