It's the investment opportunity of a lifetime - Macleans.ca

It’s the investment opportunity of a lifetime

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Pierre Karl Péladeau, who’s been leading the charge to bring back the Nordiques and has positioned himself as a likely owner of the franchise, laughs off suggestions he might be interested in putting any of his own money into the project:

It’s definitely impossible for us to even conceive we’ll make an investment of that nature.

[…]

The purchase of a team, that’s tens, even hundreds of millions of dollars. There’s also a substantial operating budget. I think that’s a major contribution by the private sector, since these events will finance and justify the construction by allowing it to balance its books.

Imagine that: turns out, it’s way easier to turn a profit on a hockey team when the government shells out $400 million to help you buy it. Somebody should tell the Phoenix Coyotes. Oh, wait… On second thought, let’s not mention Phoenix anymore, okay?