Billionaire's bid to buy Toronto Maple Leafs laughable - GoFuckYourself.com

GTS Mark · 01-06-2008, 01:32 PM

Billionaire Alex Shnaider is not about to purchase Maple Leaf Sports and Entertainment Ltd.

Not today. Not tomorrow. Probably not ever.

Oh, the 18th richest man in Canada has interest in owning the Maple Leafs and all else that goes along with MLSEL. And Shnaider apparently has met with local investment bankers to discuss the possibility. All that is lovely, and perhaps newsworthy, but in the end it basically is meaningless.

Because you can't buy what's not for sale.

And right now, MLSEL, despite all its problems, its apparent dysfunction, its troubled hockey club, is not on the block. It is not for sale and none of the principals involved have even discussed the notion at the board level of putting it up for sale.

This isn't a public company. There are no shareholders to answer to. There is no established share price. There will be no takeover here, hostile or otherwise.

This is the kind of story that will be front page one day, forgotten in the months to come.

The fact that Shnaider has consulted both bank and industry contacts in recent weeks to determine how much money it would take to purchase MLSEL is noble, if not slightly amusing.

You see, this is one of the few areas in which Larry Tanenbaum does have legitimate power at MLSEL.

While the chairman of the board he has been unable to impact some hockey decisions (such as the removal of general manager John Ferguson), his minority stake in the $1.5-billion company, worth something in the neighbourhood of $195 million also gives him the right of first refusal on any other shares sold by his MLSEL partners.

In other words, if Tanenbaum doesn't want to sell, there is no sale, period. And his partners, including the Ontario Teachers' Pension Plan, can't dispense with their shares without first offering them to Tanenbaum.

Tanenbaum, who is out of the country, has never indicated any willingness to sell his stake in MLSEL. Actually, he has indicated the opposite, which means he would like to increase his stake.

The Leafs, the gold mine of Canadian professional sports, at least from an economic standpoint, are neither for sale nor a candidate to be moved.

According to Canadian Business magazine, the Russian-born Shnaider has net worth of $2.28 billion, and is the youngest billionaire in Canada, turning 40 this year.

Already he has owned and sold a Formula One race team and has majority ownership in the Maccabi Tel Aviv pro soccer team in Israel. Again, all that is nice, but none of that brings him any closer to buying MLSEL. Especially when the company isn't for sale.

http://slam.canoe.ca/Slam/Hockey/NHL...55481-sun.html

ShaveBucks · 01-06-2008, 01:49 PM

http://www.gofuckyourself.com/showthread.php?t=753166

avolongold · 01-06-2008, 01:56 PM

Everything is for sale at the right price. The teachers' pension plan is all about profit. If the offer and premium is right, they will be forced to think about it.

iMind · 01-06-2008, 02:14 PM

Quote:

Originally Posted by ShaveBucks

http://www.gofuckyourself.com/showthread.php?t=753166

GTS Mark · 01-06-2008, 02:43 PM

Quote:

Originally Posted by avolongold

Everything is for sale at the right price. The teachers' pension plan is all about profit. If the offer and premium is right, they will be forced to think about it.

I could'nt even guesstimate what the teachers would want for it... Would be massive.

DH

hostile_anal_invasion · 01-06-2008, 03:04 PM

Hockey blows goats! I wouldn't pay shit to watch it and I wouldn't invest in that heap of crap - EVER.

Dagwolf · 01-06-2008, 05:27 PM

I buy Maple Leaf bacon. I hope it's not made from hockey players.

O MARINA · 01-06-2008, 05:30 PM

omg omg

I can't wait to tell him his name is on gfy now ;)

JFK · 01-06-2008, 05:34 PM

Quote:

Originally Posted by O MARINA

omg omg

I can't wait to tell him his name is on gfy now ;)

did u ask him to marry you yet ?

O MARINA · 01-06-2008, 05:40 PM

Quote:

Originally Posted by JFK

did u ask him to marry you yet ?

lol
he is married !

01-06-2008, 01:32 PM	#1
GTS Mark Vrume Mark Industry Role: Join Date: Jan 2001 Location: Toronto, Canada Posts: 20,912	Billionaire's bid to buy Toronto Maple Leafs laughable Billionaire Alex Shnaider is not about to purchase Maple Leaf Sports and Entertainment Ltd. Not today. Not tomorrow. Probably not ever. Oh, the 18th richest man in Canada has interest in owning the Maple Leafs and all else that goes along with MLSEL. And Shnaider apparently has met with local investment bankers to discuss the possibility. All that is lovely, and perhaps newsworthy, but in the end it basically is meaningless. Because you can't buy what's not for sale. And right now, MLSEL, despite all its problems, its apparent dysfunction, its troubled hockey club, is not on the block. It is not for sale and none of the principals involved have even discussed the notion at the board level of putting it up for sale. This isn't a public company. There are no shareholders to answer to. There is no established share price. There will be no takeover here, hostile or otherwise. This is the kind of story that will be front page one day, forgotten in the months to come. The fact that Shnaider has consulted both bank and industry contacts in recent weeks to determine how much money it would take to purchase MLSEL is noble, if not slightly amusing. You see, this is one of the few areas in which Larry Tanenbaum does have legitimate power at MLSEL. While the chairman of the board he has been unable to impact some hockey decisions (such as the removal of general manager John Ferguson), his minority stake in the $1.5-billion company, worth something in the neighbourhood of $195 million also gives him the right of first refusal on any other shares sold by his MLSEL partners. In other words, if Tanenbaum doesn't want to sell, there is no sale, period. And his partners, including the Ontario Teachers' Pension Plan, can't dispense with their shares without first offering them to Tanenbaum. Tanenbaum, who is out of the country, has never indicated any willingness to sell his stake in MLSEL. Actually, he has indicated the opposite, which means he would like to increase his stake. The Leafs, the gold mine of Canadian professional sports, at least from an economic standpoint, are neither for sale nor a candidate to be moved. According to Canadian Business magazine, the Russian-born Shnaider has net worth of $2.28 billion, and is the youngest billionaire in Canada, turning 40 this year. Already he has owned and sold a Formula One race team and has majority ownership in the Maccabi Tel Aviv pro soccer team in Israel. Again, all that is nice, but none of that brings him any closer to buying MLSEL. Especially when the company isn't for sale. http://slam.canoe.ca/Slam/Hockey/NHL...55481-sun.html

01-06-2008, 01:49 PM	#2
ShaveBucks Confirmed User Join Date: Mar 2005 Location: Razor's Edge Posts: 467	http://www.gofuckyourself.com/showthread.php?t=753166 __________________

01-06-2008, 01:56 PM	#3
avolongold Confirmed User Join Date: Jul 2006 Posts: 580	Everything is for sale at the right price. The teachers' pension plan is all about profit. If the offer and premium is right, they will be forced to think about it. __________________ Get the most out of your MILF or BIG TIT traffic with JUGG CASH!

01-06-2008, 05:27 PM	#7
Dagwolf President of Canada Join Date: Sep 2003 Location: Leaving Hell, Entering Limbo Posts: 23,141	I buy Maple Leaf bacon. I hope it's not made from hockey players. __________________ Sleep well, and dream of large women.

01-06-2008, 03:04 PM	#6
hostile_anal_invasion So Fucking Banned Join Date: Nov 2006 Posts: 73	Hockey blows goats! I wouldn't pay shit to watch it and I wouldn't invest in that heap of crap - EVER.

01-06-2008, 05:30 PM	#8
O MARINA I'm clockin' ya, Versace shade watchin' ya Industry Role: Join Date: Mar 2003 Location: internet Posts: 13,795	omg omg I can't wait to tell him his name is on gfy now ;)