RebKell's Junkie Boards
Board Junkies Forums
 
Log in Register FAQ Memberlist Search RebKell's Junkie Boards Forum Index

Dolan on the Liberty
Goto page Previous  1, 2
 
Post new topic   Reply to topic    RebKell's Junkie Boards Forum Index » WNBA
View previous topic :: View next topic  
Author Message
ClayK



Joined: 11 Oct 2005
Posts: 9630



Back to top
PostPosted: 12/24/18 11:18 am    ::: Reply Reply with quote

threadkiller1201 wrote:
ClayK wrote:
threadkiller1201 wrote:
ClayK wrote:
There are always "potential buyers" and "near deals" but in the 20+ years of the league's existence, no franchise has ever sold for actual dollars.


Seattle Storm? I remember reading something like 10 mil?


I think that was an "expansion fee," but my understanding was that the fee would be paid out of future profits, if ever.

By saying the cost was $10 million, the league was trying to set a market value for franchises, but reality intervened.


I meant when Force 10 bought it from the Oklahoma City group before they could move it from Seattle.


I had not heard that. I had heard that the OKC owner wanted no part of a WNBA team.



_________________
Oṃ Tāre Tuttāre Ture Svāhā
threadkiller1201



Joined: 19 Sep 2005
Posts: 217
Location: washington state


Back to top
PostPosted: 12/24/18 5:23 pm    ::: Reply Reply with quote

ClayK wrote:
threadkiller1201 wrote:
ClayK wrote:
threadkiller1201 wrote:
ClayK wrote:
There are always "potential buyers" and "near deals" but in the 20+ years of the league's existence, no franchise has ever sold for actual dollars.


Seattle Storm? I remember reading something like 10 mil?


I think that was an "expansion fee," but my understanding was that the fee would be paid out of future profits, if ever.

By saying the cost was $10 million, the league was trying to set a market value for franchises, but reality intervened.


I meant when Force 10 bought it from the Oklahoma City group before they could move it from Seattle.


I had not heard that. I had heard that the OKC owner wanted no part of a WNBA team.


Here's one article from wnba .com that mentions the 10 million number. I'll come back with another link. It's a great story how it happened, and that it happened.

http://webcache.googleusercontent.com/search?q=cache:MrloFsu-sgQJ:www.wnba.com/archive/wnba/storm/news/storm080108.html+&cd=3&hl=en&ct=clnk&gl=us&client=safariurl

http://www.espn.com/espn/wire/_/section/wnba/id/3185866


wbj



Joined: 16 Oct 2007
Posts: 9



Back to top
PostPosted: 12/24/18 6:17 pm    ::: Reply Reply with quote

Clay is correct....never an actual sale involving actual significant cash changing hands....


tfan



Joined: 31 May 2010
Posts: 7378



Back to top
PostPosted: 12/25/18 4:59 am    ::: Reply Reply with quote

Jayda Evans of the Seattle Times also reported that $10 million figure:

Storm sold to local owners


toad455



Joined: 16 Nov 2005
Posts: 19172



Back to top
PostPosted: 12/25/18 9:02 am    ::: Reply Reply with quote

So did Magic Johnson & Co. pay any money to buy the Sparks? This article does say they purchased the team.

https://www.usatoday.com/story/sports/wnba/2014/02/05/magic-johnson-buys-los-angeles-sparks-wnba-nba-mlb/5229137/



_________________
LET'S GO LIBERTY!!!!!!

Twitter: @TBRBWAY
Display posts from previous:   
Post new topic   Reply to topic    RebKell's Junkie Boards Forum Index » WNBA All times are GMT - 5 Hours
Goto page Previous  1, 2
Page 2 of 2

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB 2.0.17 © 2001- 2004 phpBB Group
phpBB Template by Vjacheslav Trushkin