Important - Kroenke to maintain his Avs/Nuggets ownership
by Dario on Feb 11, 2010 9:20 AM MST
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A subtle but very important business decision has been made by Stan Kroenke group. Once that would have forced him to sell the Nuggets and Avalanche.
According to ESPN the St. Louis Rams are officially up for sale by the majority owners. Kroenke owns a 40% share of the NFL franchise and had the first right of refusal to purchase the team. The catch for us fans is that if he excersized his right to purchase the very profitable NFL club he would have been forced to sell both the Nuggets and Avalanche due to NFL ownership rules. We are fortunate to have an owner with some pretty deep pockets. You can complain all you like that Silent Stan isn't a hockey fan but he does have the wallet to cover lean years and has been willing to pay up to the salary cap. We could be much worse off.
Kroenke has also been inching up to a mandatory takeover bid of the Arsenal soccer club if he buys another 17 shares. If that happens, he'll reporedly need 760 million dollars to make that deal. He's reportedly worth over 2.5 billion himself (not including his wife's Walmart $2.5+ billion dollar net worth). Some pundits claim he would need to sell off one of his other sports franchises to get that kind of cash to make the deal.
When people complain about the Pepsi Center attendance, this is the underlying fear. Ownership won't find enough value to keep, let alone invest in our favorite team. I think Avs and Nuggets fans have passed a big hurdle with Kroenke's pass on the Rams majority ownership. Kroenke owns the building and ticketing for the Avs so he's never going to face the leasing nightmares we are hearing about in Phoenix and Nashville. We have good, solid ownership which is no small thing. Hopefully, the Arsenal purchase isn't done at the expense of the Denver sports franchises. Some have speculated that he might instead sell the 40% stake in the Rams instead. With Altitude, Pepsi Center and Ticket Horse infrastructures in place around the Avalanche he's got a lot of investment in the periphery of the Avalanche. I think that's a good sign he's on board for the long haul.
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He keeps building his empire here
With the addition of his own TV station several years ago, and his own ticket company this year, hopefully this is all a sign that he’s entrenched, not that he’s just putting together a better package to sell. I wonder if any other NHL owner has the sort of monopoly that Kroenke has?
And with the 32nd pick in the 2009 NHL draft, the Red Wings select: Someone other than Ryan O'Reilly. LOL@Detoilet.
by Bob in Boulder on Feb 11, 2010 10:04 AM MST reply actions
Speaking of adding to his empire, here’s some interesting rumor/speculation:
http://profootballtalk.nbcsports.com/2010/02/11/rumors-fly-that-broncos-are-available-for-purchase/
Colorado Avalanche Prospects (www.avsprospects.blogspot.com)
by Angélique C. Murray on Feb 11, 2010 10:05 AM MST reply actions
Would a new owner mean a new coach?
And with the 32nd pick in the 2009 NHL draft, the Red Wings select: Someone other than Ryan O'Reilly. LOL@Detoilet.
by Bob in Boulder on Feb 11, 2010 10:12 AM MST up reply actions
A pleasant thought…
Colorado Avalanche Prospects (www.avsprospects.blogspot.com)
by Angélique C. Murray on Feb 11, 2010 10:13 AM MST up reply actions
Wow.
At least he wouldn’t have to sell the Avalanche. Man, what an empire.
Honestly, I’d rather he bought out the Monforts for the Rockies.
I wouldn’t mind that myself, but it’s interesting fodder on a lazy Thursday.
Colorado Avalanche Prospects (www.avsprospects.blogspot.com)
by Angélique C. Murray on Feb 11, 2010 10:18 AM MST up reply actions
im not sure how i’d feel about the same owner for 75% of the major sports teams in the city. would the broncos play on altitude?
Oh man wouldn’t that be something….I can see Julie Browman now….ugh…
Colorado Avalanche Prospects (www.avsprospects.blogspot.com)
by Angélique C. Murray on Feb 11, 2010 10:22 AM MST up reply actions
Frightening thought.
The 2009-2010 Colorado Avalanche: "I guess the critics were wrong." - Craig Anderson
by NurseBeachie on Feb 11, 2010 10:27 AM MST up reply actions
At least she’d be correct when she called it a “ballgame”
"Sometimes you think they must have come out of the chimp cages at the Bronx zoo" - Gerry Cheevers, former Boston Bruins goalie, on New York hockey fans
Detroit Sucks
Maybe the Rockies should hire her….then again Alana Rizzo is much much better and I wouldn’t want to see her replaced.
Colorado Avalanche Prospects: For daily news on the future of the Colorado Avalanche!
by Angélique C. Murray on Feb 11, 2010 11:18 AM MST up reply actions
Ego-clashes
Premature Fist Pumps
Micro-managing
The Bronco Experience
The New Improved Avalanche. Now with Real Coaches!
Jibblescribbits: C'mon over and waste some time
by Jibblescribbits on Feb 11, 2010 10:37 AM MST up reply actions 2 recs
haha well done
Colorado Avalanche Prospects (www.avsprospects.blogspot.com)
by Angélique C. Murray on Feb 11, 2010 11:06 AM MST up reply actions
I don’t think that is very likely although the Broncos are the only NFL team he could have a majority stake in and not have to sell the Avs, Nugs, etc. (Not sure if he would have to sell his shares in Arsenal though. I doubt he wants to do that.)
Burgundy army now taking recruits.
Why could he own a majority of the donkeys but not the rams? I know squat about NFL rules
"Sometimes you think they must have come out of the chimp cages at the Bronx zoo" - Gerry Cheevers, former Boston Bruins goalie, on New York hockey fans
Detroit Sucks
He can’t own the majority of the Rams because his other franchises are in a city that already has an NFL team. He can be a majority owner in the same market of his other teams, but not in another market that has a pro football team. Yeah, it’s confusing as heck.
Colorado Avalanche Prospects: For daily news on the future of the Colorado Avalanche!
by Angélique C. Murray on Feb 11, 2010 11:22 AM MST up reply actions
That kinda makes sense
You can’t steal other people’s teams, you have to stick with your own.
by Avalanche318 on Feb 11, 2010 11:34 AM MST up reply actions
I don’t understand the logic, but thanks for the explanation.
Really, does the NFL think the Avs and Nuggets are going to compete with the Rams in, well, anything?
"Sometimes you think they must have come out of the chimp cages at the Bronx zoo" - Gerry Cheevers, former Boston Bruins goalie, on New York hockey fans
Detroit Sucks
$2.7B
He’s worth $2.7B, down from $3.5B in ’08
The New Improved Avalanche. Now with Real Coaches!
Jibblescribbits: C'mon over and waste some time
by Jibblescribbits on Feb 11, 2010 10:07 AM MST reply actions
If he needs a loan, he can borrow some of his wife’s money ;-)
Colorado Avalanche Prospects (www.avsprospects.blogspot.com)
by Angélique C. Murray on Feb 11, 2010 10:12 AM MST up reply actions
btw, it’s always nice to see you around, Jori! = )
The 2009-2010 Colorado Avalanche: "I guess the critics were wrong." - Craig Anderson
by NurseBeachie on Feb 11, 2010 10:14 AM MST up reply actions
I was looking into how Kronke got his money, and it turns out that after he married into the Waltons his father-in-law granted him leasing right on many of the buildable lots in WalMart parking lots. Talk about high-traffic areas…
Anyway, the guy definately has a couple dollars rolling around in his pocket.
Thanks Joe...
For a while I was worried about this story, but with Stan’s increasing investment in the area, combined with the seeming absurdity of just selling off one tenant of the Pepsi center, I’m not too bothered any more. Even if he were to sell the entire shebang, I think the odds of relocating would be slim. Whether a new owner would be willing to pony up the cash for the hockey club to be at the cap is another worry entirely however.
"Sometimes you think they must have come out of the chimp cages at the Bronx zoo" - Gerry Cheevers, former Boston Bruins goalie, on New York hockey fans
Detroit Sucks
Isn’t St. Louis one of the biggest piece of dump in the NFL right now? If I were Stan, I wouldn’t ditch two winning franchises for a team that have trouble winning 2 games all season.
I spent more effort eating a pudding than Tyler Arnason skated last year.
I don’t think the nuggets were all that hot when he bought them, but look at them now. If anything it follows the buy low sell high principle.
"Sometimes you think they must have come out of the chimp cages at the Bronx zoo" - Gerry Cheevers, former Boston Bruins goalie, on New York hockey fans
Detroit Sucks
No they werent, but I think Kroenke would have a hard time letting go of the Nuggets, he’s a basketball guy first. The Nuggets have Kroenke and Joe Dumars to thank for their revival.
Colorado Avalanche Prospects: For daily news on the future of the Colorado Avalanche!
by Angélique C. Murray on Feb 11, 2010 11:55 AM MST up reply actions
lol @ Joe Dumars
It’s soooo true. Though one could argue that Wade would’ve ended up a Nugget because the team was still shell-shocked from the Tshkitishvili (sp?) fiasco and would’ve said no to Darko. No, I don’t really believe this. I just like pretending.
A little rudeness and disrespect can elevate a meaningless interaction to a battle of wills and add drama to an otherwise dull day.
by A.J. Haefele on Feb 11, 2010 12:37 PM MST up reply actions
If that’s the case, Stan would definitely not let go of the Avs. The club is at a pretty low market value right now considering last season and attendance issues and such, but with visible improvements the team is already making, the value is bound to bounce back up. Granted, the money he could make with a NFL team is much greater than a NHL team, but the Avs is much less risky business than the Rams right now.
I spent more effort eating a pudding than Tyler Arnason skated last year.
With the 1st pick in this years draft...
The St. Louis Rams could select someone who would have an immediate impact on the team. I think they’re gonna get the DE from Nebraska, Suh (will not attept to spell his whole name).
by Avalanche318 on Feb 11, 2010 11:51 AM MST up reply actions
That's who they SHOULD get
but teams are retarded (sup Oakland) and take QBs first overall when they have the chance. It’d be a mistake but it’s the Rams making it so I don’t mind =)
A little rudeness and disrespect can elevate a meaningless interaction to a battle of wills and add drama to an otherwise dull day.
by A.J. Haefele on Feb 11, 2010 12:38 PM MST up reply actions
Not taking a gamble on Clausen will be the biggest mistake St. Louis will ever make.
Having a good DT is nice and all but they’re still not winning more than 2 games next season without a QB.
I call it... The Avaslug!
I am the 1st and probably only official member of the David "Dr." Jones fanclub.
Syracuse Basketball 2010: Making Hoya's cry.
by UZ on Feb 11, 2010 4:28 PM MST up reply actions
So uh why is there a giant KY Jelly ad in the back now.
I call it... The Avaslug!
I am the 1st and probably only official member of the David "Dr." Jones fanclub.
Syracuse Basketball 2010: Making Hoya's cry.
I haven’t seen this ad yet, in fact I see no ads in the back. The back where?
Sandie
"That’s the way we’ll win championships"- The Baron
by Sandie Gauthier on Feb 11, 2010 10:28 PM MST up reply actions
well, the ad is pretty slippery
"You have been banned from the Purple Row, for Inappropriate conduct, profanity, (&) telling site authors their articles are crap."
It’s gone and comes back randomly for me now. The background of the site had a big KY Jelly ad on it.
I call it... The Avaslug!
I am the 1st and probably only official member of the David "Dr." Jones fanclub.
Syracuse Basketball 2010: Making Hoya's cry.
by UZ on Feb 12, 2010 5:37 AM MST up reply actions
Weird, I just have a blank background.
Sandie
"That’s the way we’ll win championships"- The Baron
by Sandie Gauthier on Feb 12, 2010 11:41 AM MST up reply actions
It's definitely targeted
Maltby and Draper both have it as their facebook backgrounds now.
And with the 32nd pick in the 2009 NHL draft, the Red Wings select: Someone other than Ryan O'Reilly. LOL@Detoilet.
by Bob in Boulder on Feb 12, 2010 12:04 PM MST up reply actions
I can't see them
I have the much-toted adblock, but I’m not sure thats what is stopping the popups for me. There was some speculation that google’s wordsearch advirtising engine was picking up on our multiple typings of ‘cummer’ and trying to, ahem, give us what links to what it thinks we need most.
Thanks Joe...
I saw last night, made a change in adblock and now I don’t see it. Also the other night I was having trouble loading pages here, installed the adblock, and problem went away. Some of those ads just take FOREVER to load.
MHH: The Burgundy Army is on the March!
I'm The Canary - but I'm not cute nor cuddly, and I don't sing.
by Americanario on Feb 12, 2010 5:56 PM MST up reply actions
even with adblock, MHH is one of the slowest loading pages I have ever frequented. Without Adblock its nearly unbearable. Especially on my work comp.
"Sometimes you think they must have come out of the chimp cages at the Bronx zoo" - Gerry Cheevers, former Boston Bruins goalie, on New York hockey fans
Detroit Sucks
For me it depends on the adds. Some days it’s just fine, other days it takes forever.
MHH: The Burgundy Army is on the March!
I'm The Canary - but I'm not cute nor cuddly, and I don't sing.
by Americanario on Feb 13, 2010 2:20 PM MST up reply actions
yeah, i see it too, but it takes me to facebook. Must be a V-day thing. SB Nation is probably makin bank of it
No such thing as a hockey fan... only hockey fanatics!
GO AVS!!!
by jacksonc345 on Feb 12, 2010 12:59 AM MST up reply actions
This is actually really good news
The Avs could’ve been looking for a new owner (hello Jim Balsillie, Hamilton Avalanche anyone?) and I had no idea how bad this could’ve been. Its like that bit in Jaws where Brody is shovelling chum, completely unaware of the fuck-off big shark right behind him.
It's hard to be a saint in this city
He'd be looking at twice that for Arsenal
And I wouldn’t worry too much about it, there’s a lot of politics involved behind the scenes with that club and it’s unlikely any bid by him would receive the support of the board, and if he did make an offer, there’s a Russian bloke that would come in and get the support of the board.
The English Premiership
Is in a pretty antagonistic relationship with American owners right now. Hicks and Gillette messed up royally at Liverpool, Mike Ashley is a a completely fiasco in Newcastle and Manchester Utd fans are still at war with the Glazers. Only Randy Lerner has been a success at Aston Villa. If anything, I doubt Silent Stan would want to deal with all the potential drama if he tries to take over Arsenal.
I spent more effort eating a pudding than Tyler Arnason skated last year.
Mike Ashley’s not American, thank god.
Arsenal fans have a choice between Kroenke and Alisher Usmanov. Most seem to prefer Kroenke. There’s plenty of drama at Arsenal even without Stan officially in charge. They’re trying to pay for a new stadium, but they haven’t won any silverware for about 4 years now. Some fans are getting tired of the emphasis on pretty football and youth at the possible expense of results, but most fans seem happy to stay the course and avoid the debt that’s become the reality at ManUre and especially Liverpool.
by Dan Winkler on Feb 12, 2010 3:09 PM MST up reply actions
Hmm, strange, Why do I always think Ashley was American? Toonies just confuse the hell out of me…
Arsenal’s kinda going nowhere resultswise. They’re barely hanging on to Champ League spots last I looked. I love watching them, but their players are the definition of precocious.
I spent more effort eating a pudding than Tyler Arnason skated last year.
They were in the running at the top of the league
Until a couple of weeks ago when they had a couple of bad results against Man United and Chelsea…
Liverpool are the ones who are in big trouble, they’re struggling to get back into the CL and if they miss it, they’re going to struggle to get their loans rolled over again.
by eltharion_doa on Feb 17, 2010 10:02 AM MST up reply actions
I am amazed
Man Utd’s debts are so huge: http://news.bbc.co.uk/1/hi/8470595.stm
Hicks and GilletteBenitez messed up royally at Liverpool
Fixed
It's hard to be a saint in this city
No, it's Hicks and Gillet's fault too
They assumed they’d get easy finance for the new stadium which would have given them the revenue to pay off all the debt they built up in buying the club…then the credit crunch hit and nobody would lend them a penny, so they’re stuck with a small stadium and too much debt, which means they can’t release funds to Benitez, which means he’s stuck with a crappy squad, which means Liverpool are struggling to make the CL, which means they’ll have even less money etc. etc.
Basically all of the big leveraged takeovers are in trouble.
by eltharion_doa on Feb 17, 2010 10:05 AM MST up reply actions
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