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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
Here's another bit of news that doesn't seem to bode too well in my mind...

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.