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gia
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| Posted: Sat Jun 22, 2002 10:34 am Post subject: Mercury 'ownership' for sale? |
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Found this posted on another board......you can read the whole article here:
http://www.bizjournals.com/phoenix/stories/2002/06/17/story5.html
In part is says:
"Mercury 'ownership' interest up
Stephanie Balzer The Business Journal
The Phoenix Mercury, one of 16 WNBA teams owned by the NBA, may get a local owner once details of the league-wide restructuring are finalized.
Mercury President Bryan Colangelo said this week that there are "expressions of interest from several parties to get involved," but he would not disclose names. " |
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jeff metcalfe
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Joined: 22 Jun 2002
Posts: 41
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| Posted: Sat Jun 22, 2002 3:58 pm Post subject: |
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The change in ownership structure has been a league-wide topic since approoximately the end of last season. Jerry Colangeleo was quoted about it in a Sports Business story in the fall especially as related to establishing franchise values. I don't know of anything imminent on this issue although things have been so busy in other areas lately that I haven't had any time to check very deeply into it. But it wouldn't be a surprise if this happens, much like the Rattlers were purchased out from under Phoenix Arena Sports but are continuing to operate much the same as before.
I will say as loud as a Mercury crowd of 7,000-8,000 can be, there was a noticeable difference Friday in Houston when their crowd of 10K got going. Getting that extra 3K or so back in AWA will make a big difference, I believe, in cranking up the home-court advantage not to mention the team's value since 10K is roughly the break-even mark for WNBA teams. |
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gia
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| Posted: Sat Jun 22, 2002 4:44 pm Post subject: |
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Hey Jeff, Glad you came by! :)
Any idea what the value of a team is (roughly)?
(In the far off distance I hear mb breaking open his piggy bank) |
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skew11
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Joined: 12 Jun 2002
Posts: 372
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| Posted: Sat Jun 22, 2002 5:20 pm Post subject: |
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:lol: :lol: (ponders what changes would take place with mb at the helm! just kiddin mb :wink:
Thanks for the info and welcome Jeff Metcalfe!! :D :D Hope you stop by often... :!: :!: |
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