The part I hate is that a host city shouldn’t have any obligations for a privately owned team. The owners get tax breaks and other concessions for building complexes that will be completely private facilities afterwards. Owners and owner groups can easily afford to fund all of this themselves but gain favors by playing on the opportunity for the city to have a sports franchise.
While area businesses may benefit from the presence of a sports team, the general public ends up financing a good chunk with at best marginal returns.
Even worse when you got fans of the team on the council, they cant seem to comprehend that there are other hobbies or interests so paying loads to the arena for ice time for kids while saying to other groups that the commune cant afford renovations on the dance hall or swimming pool (which are also supposed to be funded from the same budget as “young activities”)
Theorizing is synonymous with speculating in this connotation… My first statement is true: any owner gets their name on the cup. I didn’t make any claims beyond that.
But that isn’t true because they have minority co-owners who are not on the cup. Brett Jefferson, Marc Grandisson, and Bobby Farnham own 12.5% of the team but weren’t included.
Unfortunately if he’s given them all partial ownership they’re all entitled to be on there. I greatly dislike that sports teams are privately owned.
I don’t care that sports teams are privately owned, I do get really annoyed that stadiums are built with public dollars.
And the profits privatized.
Just finished writing a
postcomment about this exactly. That is the problem.Link?
Sorry, not a post. A comment elsewhere in this thread.
You can copy direct links to comments…
You can search their username too or click their profile
That, too. Easier for the person in question though, since they know what to look for.
His youngest child is kindergarten age.
Minors legally cannot own part of a hockey team.
Minors can legally own shares of a private company.
I’m not saying THIS child does… and out of EVERYONE on the list that kid is entirely morally absolved anyways by virtue of being a little kid.
But, they can own shares.
Minors cannot sign contracts, so any ownership would be thru a trust or other legal apparatus.
They’d have to write the name of the trust on the trophy
Usually it’s under a special type of account where the parents are the legal owners until the kid turns 18.
I kinda agree. But if a city has enough money to afford a sports team, they should invest more into the local tax base.
But as far as the Stanley cup goes, billionaires aren’t beholden to the Golden rule, so tax the fuck out of them.
Absolutely tax the billionaires.
The part I hate is that a host city shouldn’t have any obligations for a privately owned team. The owners get tax breaks and other concessions for building complexes that will be completely private facilities afterwards. Owners and owner groups can easily afford to fund all of this themselves but gain favors by playing on the opportunity for the city to have a sports franchise.
While area businesses may benefit from the presence of a sports team, the general public ends up financing a good chunk with at best marginal returns.
Even worse when you got fans of the team on the council, they cant seem to comprehend that there are other hobbies or interests so paying loads to the arena for ice time for kids while saying to other groups that the commune cant afford renovations on the dance hall or swimming pool (which are also supposed to be funded from the same budget as “young activities”)
I don’t think they have any relationship with the team. Just the guy’s wife and loin product. There are actual minority co-owners who aren’t on there.
Are we sure he didn’t gift them something like .1% of the team just for this? I don’t believe that has to be disclosed.
Not from what I’ve read. But I’m not his accountant, so …
Only theorizing. You’re good.
Assuming he’s done this very specific thing without evidence is far more speculative.
Theorizing is synonymous with speculating in this connotation… My first statement is true: any owner gets their name on the cup. I didn’t make any claims beyond that.
But that isn’t true because they have minority co-owners who are not on the cup. Brett Jefferson, Marc Grandisson, and Bobby Farnham own 12.5% of the team but weren’t included.