Showing posts with label Toronto Maple Leafs/NHL. Show all posts
Showing posts with label Toronto Maple Leafs/NHL. Show all posts

Monday, February 27, 2012

State of the Toronto Maple Leafs

Brian Burke is stubborn, maybe too much so, how does one explain that he keeps Ron Wilson around ?or comes off as not very agggressive pursuing players. Goaltending woes have reared their ugly head on the Leafs again, now they will spend the summer most likelt looking for a goalie. The way they are playing right now with suspect goaltending and defensive lapses from the defence in no way will the make the post season which will be what 7 yrs out of the playoffs? 4 years into Brian Burke`s contract I expected the Leafs would be contending by now not pretending, with new ownership coming in , in July they will have to evaluate management. From what I see so far from the way Burke is operating he isn`t the upper echelon gm type the Leafs need or not so much maybe a big name gm, just a guy who is really good at building a tea, Burke isn`t a builder, Nonis anyone? The Leafs should be contending or approaching contention yet the sit 9 or 10th, it shouldn`t be acceptable with the history the team has, my 2 cents from the sidelines.


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Friday, November 25, 2011

MLSE no longer for sale: Teachers’ Pension Plan


Eight months after placing its majority stake in Maple Leaf Sports and Entertainment out on the open market, The Ontario Teachers’ Pension Plan has ended the sale process, with experts and academics suggesting a simple reason why: the asking price was too high.
While the sale price was never made public, the value of the company that owns the Air Canada Centre, the Toronto Maple Leafs and the Toronto Raptors has been estimated at somewhere between $1.4-, and $1.8-billion. A spokesperson for the pension plan said the group plans to maintain ownership of MLSE indefinitely, but would not discuss why the sale process was ended.
“We’re not discussing that at all,” OTPP communications director Deborah Allan said on Friday. “All we’re saying is just helping people to remember that, when we made the announcement last March, there had been a number of people come to us. And so it was incumbent upon us to do a formal review, and there was never any commitment at that time that we were selling.”
The pension plan owns 79.53% of MLSE.
“The primary reason (it did not sell), based on some of the things I’ve heard in the industry, is that the expectations of the price by the prospective seller was significantly higher than the value that the qualified buyers felt comfortable with,” said Marc Ganis, president of Chicago-based consulting firm SportsCorp. “And there’s a reason why there’s a gap, and that is because this is a performing asset for the Ontario Teachers’ Pension Plan. It is generating a quite significant annual cash return for them.”
Just how much revenue MLSE has generated has never been made public, because it is a private company. It has recently been suggested the company drives more than $600-million in annual revenue.
“Most sports franchises here, if you can get close to what the price is, I think most owners who would be otherwise inclined to sell would probably sell,” said Michael Cramer, a former president of the Dallas Stars who is now director of the Texas Program in Sports and Media at the University of Texas.
“There’s a real shortage of people who are able to pony up the money, especially when you’re talking about a sale of this price and with this many assets … this is not a distressed asset, by any means, and you can’t say that for most of the NHL, or actually a good portion of the NBA.”
It is not known how many potential buyers might have kicked the tires before Teachers’ withdrew its stake.
“There are only a few crown jewels in sports, and the Maple Leafs are one of them,” said Wayne McDonnell, associate professor of sports management at the Tisch Center at New York University. “It’s a franchise that hasn’t won the Stanley Cup in quite a few decades, and it’s a very attractive thing to say you’re the owner who brought the Stanley Cup back to Toronto.”

Saturday, November 19, 2011

Toronto Maple Leafs Ownership and a winning mandate

The Maple Leafs in my humblest of opinions have a current ownership that cares little about winning and more about bottom line profits. This has been shown time and time again, in many ways as MLSE has tried to maximize their profits at every turn. It goes something like this, if the Leafs do win a Cup fine for MLSE but this is not their driving point, It would be nice for once to see an owner or ownership group from wherever in the World they are from , put a more committment into winning. Either have winning as a mandate or have the right people hired by the Ownership to steward the team to winning ways, It`s been 7 count them 7 years since the Leafs even made the playoffs , not a Stanley Cup Final appearance a playoff appearance. I really don`t care much for Ron Wilson`s coaching style other then he tries to be offensive and creative that I like, but the defence and Special teams always seem to rank poor under his leadership , I`d say it`s time to change head coaches, and Brian Burke although I do like his patient build philosophy has made some questionable moves as well, some good ones too, but is he really one of the top 5 GM`s in the game? And what happened to his promise of having a tough team, outside of a few players the Leafs are not all that tough, they can blame the goalie play but the defence runs around in their own end, The Leafs haven`t beat a good team all year really, Winning starts at the top from Ownership straight down to the players, I`d  be pretty happy if the Leafs Ownership wherever they were from took over and had a winning mandate.

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Friday, November 18, 2011

Cox: Gretzky contacted to join bid for Leafs


In the spring of 1993, Wayne Gretzky played the greatest single game of his career at Maple Leaf Gardens, preventing the Maple Leafs from returning to the Stanley Cup final.
Three years later, a simple nod of approval from Steve Stavro would have made Gretzky a member of the Leafs — at a discount.
Over the past decade, his name often came up when the Leafs were looking for new hockey people to deliver a Cup to Toronto, but he was locked into a deal with the Phoenix Coyotes.
Now, the timing for Gretzky to finally join forces with the historic Original Six franchise may finally be perfect. Maybe the role, too.
On Wednesday, the Star’s Rick Westhead broke the news that a U.S. investment company called Providence Equity Partners has interest in purchasing the 79 per cent stake of Maple Leaf Sports and Entertainment, the company that owns the Leafs, NBA Raptors and the Air Canada Centre, from the Ontario Teachers’ Pension Fund.
Thursday, Sportsnet added another blockbuster layer to the story, revealing that Gretzky had been contacted by Providence Equity to be part of their group. Gretzky confirmed that to Sportsnet, saying: “Yes, I’ve been approached by multiple firms considering the purchase of MLSE.”
Late Thursday night, a member of Gretzky’s camp tried to throw some cold water on the story.
“Wayne is often approached about becoming involved in various hockey opportunities,” said spokesman Darren Blake. “At this point in time there is nothing happening involving the purchase of the Toronto Maple Leafs.”
Nevertheless, Gretzky, who has long professed his affection for the Leafs, would be a part of a grouping bidding for control of the team, just makes sense. That U.S. investors, who would almost certainly face criticism from fans, media and Canadian nationalists for scooping up hockey’s most valuable franchise, would want Gretzky as their front man makes even more sense, particularly at a time when the team has been criticized by some for it’s growing contingent of American players.
Gretzky had a minority equity position in the Coyotes during several ownership changes, a time when he also functioned as the team’s head coach and his longtime business partner Mike Barnett was the Phoenix GM. When Phoenix went into bankruptcy, Gretzky’s relationship with the club was eventually severed, and he is still owed millions of dollars in deferred monies currently locked in legal battles over the future of the Arizona-based team.
That was an unsuccessful hockey venture for The Great One. Overlapping that, however, was his role as executive director of the Canadian Olympic team. Under Gretzky’s leadership, Canada won gold in men’s hockey for the first time in 50 years at the 2002 Salt Lake City Olympics.
There are those who would suggest he wasn’t a very good NHL coach, or at least that he couldn’t make the necessary time commitment to do the job because of all his other business interests.
But as a front man, or even a senior executive position with the Leafs? That might be a perfect fit for a team that has progressed under Brian Burke this season but nonetheless remains distant from the ultimate goal of competing for the Cup.
The controlling chunk of MLSE, of course, has been on the block for months, and any number of groups have been mentioned as possible bidders. Westhead’s story revealed bidders from south of the border for the first time, although it’s unclear who, if any, have made an actual formal bid or are poised to do so.
While some Leaf fans might recoil at U.S. ownership, it’s worth nothing that both the Vancouver Canucks and Montreal Canadiens were owned by American interests over the past 15 years. In fact, George Gillette overcame skepticism about his purchase of the the historic Montreal franchise to become enormously popular in La Belle Province, credited with improving the Canadiens’ fortunes on and off the ice.
The involvement of Gretzky would undoubtedly smooth the way for U.S. investors to buy the Leafs. His father, Walter, still lives in Brantford, and while Gretzky lives in California, he owns a restaurant in Toronto and has a winery in the Niagara region.
Plus, he has all kinds of memories here.
It was in the 1993 Western Conference final, Game 7, when Gretzky almost singlehandedly lifted the Los Angeles Kings past Pat Burns, Doug Gilmour and the Leafs and on to the Stanley Cup final, where the Kings lost to Montreal.
In 1996, Gretzky was a 35-year-old free agent, and set up an arrangement with then Leaf GM Cliff Fletcher to leave St. Louis and join the Leafs.
“We were talking about something between $2 million and $3 million a season,” Gretzky told Gord Stellick for the book ’67: The Maple Leafs, Their Sensational Victory and the End of An Empire, published in 2004.
“And you know, the ridiculous part is that Vancouver was offering me $8 million a season. But I wanted to be a Leaf in the worst way. I told Cliff, ‘I’ll do whatever it takes to make it work. You can defer my salary for 25 years if you have to. Whatever it takes to get the deal done.’”
Ultimately, partly because Stavro was forced to pay millions to the charities named in Harold Ballard’s will, the Leafs declined to sign Gretzky, who joined the New York Rangers, instead.
“(Fletcher) said he couldn’t get the deal approved,” said Gretzky, who said he was convinced at the time he was going to play for the Leafs. “Oh, definitely. I thought that way for a few weeks.”
This time, Gretzky is relatively unencumbered, although he has said publicly he’s not sure whether he wants to become involved with the NHL again.
It’s believed commissioner Gary Bettman and the league’s board of governors would be thrilled to have Gretzky join the lodge again in some capacity. That said, it’s not clear whether he’s seriously interested in joining forces with Providence Equity or any of the groups that have approached him.
Leaf fans, meanwhile, just want a winner. Burke came here with a Stanley Cup ring from Anaheim, but many Leaf supporters have already grown restless in the short time Burke has run the team.
For the most part, whether it’s the nameless, faceless Ontario Teachers’ Pension Fund owning the team or some nameless, faceless U.S. investment group, Leaf fans couldn’t care.
They just want a winner. And many would embrace the notion that Gretzky could play a role in building one.Gretzky could join Leafs?

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