Sale fell through, Glen Taylor remains owner
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Coolbreeze44
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- Joined: Mon Jul 08, 2013 12:00 am
Re: Sale fell through, Glen Taylor remains owner
The biggest differentiator between franchises is the size of your local media agreements. Teams like the Lakers actually make more from their local deals than they do the national contracts. Some of that excess revenue is shared, but it forces lesser markets to operate differently than their large market counterparts. All the other revenue streams pale in comparison to what is realized by the local TV contracts. Lore and Arod are not only at a substantial disadvantage in overall wealth, they also have to deal with less revenue, especially with the uncertainty of their current TV deal. Then you also have to factor in how complicit the minority shareholders are in paying out tax dollars. It's not like the majority owners are going to carry the entire responsibility. Even Taylor will be hard pressed to stay above the 2nd apron in this market. If history means anything he probably will do whatever he can to maintain fiscal responsibility.
Re: Sale fell through, Glen Taylor remains owner
If the ownership dispute isn't resolved over the offseason, a silver lining might be that both sides probably want fan support and would be unlikely to make cost cutting moves. Glen apparently wants to push the narrative that ARod and Lore want to shed salary and they apparently want to push the narrative that money is not an issue. Cutting salary during the season, especially large salary is impossible so it seems like cuts won't happen anytime soon.
Re: Sale fell through, Glen Taylor remains owner
I generally agree with your take Cool. But keep in mind that the popularity of the team drives local TV and sponsorship revenue. The Twin Cities is a pretty lucrative market - more so than Indianapolis, OKC, Charlotte and other markets. So I don’t think this team has to find a way to win through bargain shopping. Winning teams generate far more revenue than losing teams - ticket sale revenue, vendor revenue (food, jerseys, etc), and of course TV/media revenue. Can this team turn a profit paying the luxury tax? I have no idea. But I don’t think Lore and A-Rod would have purchased the team without an understanding of what it would cost to compete for a championship and I can’t believe they’d want to own a team that wasn’t intent on competing for a championship.Coolbreeze44 wrote: ↑Sun Apr 14, 2024 12:09 pm The biggest differentiator between franchises is the size of your local media agreements. Teams like the Lakers actually make more from their local deals than they do the national contracts. Some of that excess revenue is shared, but it forces lesser markets to operate differently than their large market counterparts. All the other revenue streams pale in comparison to what is realized by the local TV contracts. Lore and Arod are not only at a substantial disadvantage in overall wealth, they also have to deal with less revenue, especially with the uncertainty of their current TV deal. Then you also have to factor in how complicit the minority shareholders are in paying out tax dollars. It's not like the majority owners are going to carry the entire responsibility. Even Taylor will be hard pressed to stay above the 2nd apron in this market. If history means anything he probably will do whatever he can to maintain fiscal responsibility.
I think this ownership thing will get sorted out over the next 60 days. I certainly hope so. This thing needs to get resolved before the Wolves have to start making off-season player-personnel and management decisions. I’m not sure who will end up with majority ownership of the Wolves when the dust settles, but I think it will be Lore and A-Rod.
Re: Sale fell through, Glen Taylor remains owner
https://youtu.be/GPmlBxjXdRE?si=0NkZ1pQo4kUqrgxr
Best reporting, summation and analysis of the ownership dispute I’ve seen. Although neither this guy nor anyone else can know for sure how this dispute will end, I still predict as this guy reports that Lore and A-Rod will prevail. I just hope it gets resolved before next off-season so we don’t lose Tim Connelly.
Note: I’ve already been wrong in my prediction that the ownership thing would get settled within 60 days. I thought Glen would give in once he realized Lore and A-Rod weren’t going to back down. I was wrong. Glen appears to be dug in. They’ll start with mediation. A good mediator will tell Glen that he’s likely to lose and will try to persuade Lore and A-Rod to give Glen some sort of face-saving concession. Based on what we’ve seen, Glen probably will refuse to give up or cut a deal. The next step will be a three-person arbitration panel. That panel will review the evidence and make a ruling. Lore and A-Rod should prevail in arbitration. At that point, I don’t see Taylor going to court. Courts rarely overturn arbitration decisions and at that point Glen should realize he can’t win.
Best reporting, summation and analysis of the ownership dispute I’ve seen. Although neither this guy nor anyone else can know for sure how this dispute will end, I still predict as this guy reports that Lore and A-Rod will prevail. I just hope it gets resolved before next off-season so we don’t lose Tim Connelly.
Note: I’ve already been wrong in my prediction that the ownership thing would get settled within 60 days. I thought Glen would give in once he realized Lore and A-Rod weren’t going to back down. I was wrong. Glen appears to be dug in. They’ll start with mediation. A good mediator will tell Glen that he’s likely to lose and will try to persuade Lore and A-Rod to give Glen some sort of face-saving concession. Based on what we’ve seen, Glen probably will refuse to give up or cut a deal. The next step will be a three-person arbitration panel. That panel will review the evidence and make a ruling. Lore and A-Rod should prevail in arbitration. At that point, I don’t see Taylor going to court. Courts rarely overturn arbitration decisions and at that point Glen should realize he can’t win.