Quote
Disney Unloads Mighty Ducks
Despite questions about whether the National Hockey League will continue to exist after cancelling the entire 2004-05 season, Broadcom co-founder Henry Samueli and his wife Susan have agreed to buy the Mighty Ducks hockey team from the Walt Disney Co. presumably at a fire-sale price. Actual terms were not disclosed, but some reports said that the deal was worth about $75 million. Disney had paid an estimated $50 million expansion fee to launch the team in 1993 but is believed to have lost hundreds of millions of dollars since -- as much as $31 million last season alone, according to one report. It even reportedly lost $12 million in the 2002-03 season, the year it reached the Stanley Cup final.
Post #94985
- Author
- Bossk
- Parent topic
- Hockey Talk
- Link to post in topic
- https://originaltrilogy.com/post/id/94985/action/topic#94985
- Date created
- 1-Mar-2005, 7:06 AM