MLSE not buying the Argos

[Spoonovic]

Bob McCown ‏@FadooBobcat 2h

MLSE will not buy Argos and move them to BMO. Asking price was 10 million+ percentage of future Grey Cup revenue. Deal is dead.

 

Kick these bastards out of the Rogers Centre and give us grass!

[flafson]

So MLSE wanted 10mil from the Argos? The Argos are probably worth 50-100 million.

[John_Havok]

So MLSE wanted 10mil from the Argos? The Argos are probably worth 50-100 million.

 

What.. Pesos?

[saskjayfan]

So MLSE wanted 10mil from the Argos? The Argos are probably worth 50-100 million.

 

The only Team that would be close to being worth 50 mil would be the Riders....the Argos lose money each year. With the new TV deal even the Argos should be able to make a few bucks or a least break even...but 50 mil...come on. The Ottawa Redblacks paid a 7 mil franchise fee...10 mil is probably what the Argos are worth.

[flafson]

The only Team that would be close to being worth 50 mil would be the Riders....the Argos lose money each year. With the new TV deal even the Argos should be able to make a few bucks or a least break even...but 50 mil...come on. The Ottawa Redblacks paid a 7 mil franchise fee...10 mil is probably what the Argos are worth.

 

You guys are under estimating what the CFL teams are worth, Riders should be well over 100mil. I know Lions are worth about 70mil and lately the Argos been making profit. Lions and Argos share the same owner and i'm certain he believes Lions and Argos aren't too far apart in terms of value.

[Maahfaace]

The only Team that would be close to being worth 50 mil would be the Riders....the Argos lose money each year. With the new TV deal even the Argos should be able to make a few bucks or a least break even...but 50 mil...come on. The Ottawa Redblacks paid a 7 mil franchise fee...10 mil is probably what the Argos are worth.

 

If that

[eastcoastjaysfan]

Being held hostage by a minor league football team.

 

Classic Jays.

[eastcoastjaysfan]

So MLSE wanted 10mil from the Argos? The Argos are probably worth 50-100 million.

 

LOL Are you kidding me..? It's the CFL. The f***ing salary cap is only 4.25M. Some players get paid as much as Tim Hortons employees.

 

10M seems incredibly high to me. These teams can't be that profitable.

[saskjayfan]

You guys are under estimating what the CFL teams are worth, Riders should be well over 100mil. I know Lions are worth about 70mil and lately the Argos been making profit. Lions and Argos share the same owner and i'm certain he believes Lions and Argos aren't too far apart in terms of value.

 

The Argos don't disclose financials. Their owner keeps talking about the money he's losing. Based on others that publicly disclose, I can't see how the argos made money last year. With the new TV deal they should easily break even. The Riders have 43 million in a combination of cash and long term investments, so yeah...they would be worth 100 mil. They are a community owned team though, so it's hard to say what their revenues would be like if privately owned...however a privately owned business person wouldn't have the excess fat in administration that this publicly owned team does. I mean the Riders cash flowed 12.7 mil last year!

 

I put the Argos at 10 because of the new TV deal. The TV deal covers more than 60% of the player salary cap...if you can't break even under those circumstances it's pretty sad.

[flafson]

The TV deal between CFL and TSN is worth around $40mil per year until 2018. They also just signed a TV deal with ESPN to show most of the games in the US.

The CFL model is fairly profitable, the only team that was losing money was the Argos but that changed in the last 3 years or so.

[saskjayfan]

The TV deal between CFL and TSN is worth around $40mil per year until 2018. They also just signed a TV deal with ESPN to show most of the games in the US.

The CFL model is fairly profitable, the only team that was losing money was the Argos but that changed in the last 3 years or so.

 

That's this year....the 5 mil player salary cap does not include coaches or admin salaries...that said, the players got screwed in their deal....4.4 mil from the tv deal and the salary cap is 5 mil...feel bad for the players.

[G-Snarls]

Nobody wants to buy this team

[Abomination]

It looks like in 2010 when they were sold to the Lion's owner, they wanted between 12 and 15 mil. You'd have to think the tv contracts would increase that a bit the last few years, but lack of a home without modifications might reduce it.

[wilko]

Pinball should buy them. I'm sure he got a few thousand kicking around.

[eastcoastjaysfan]

Pinball should buy them. I'm sure he got a few thousand kicking around.

 

Was chilling with Pinball at the Jays game the other day! Beauty Rolex watch and his wife/kids each had bags worth at least 5K combined. He's not hurting for cash!

[TheHurl]

I remember when Kerr and Moody bought the Vancouver Canadians for $7M...they said they offered the same amount for the Lions but they wanted $8.5.