Kizzak is this right ?
80% of a hockey team is worth almost twice as much as liverpool?
i guess abrom. bought chelsea for 140m, but they had like 80m of debt
Liverpool was bought on the cheap because of outstanding debt, the demand for a new stadium (which they had agreed to), and a belief by the former owner that they would invest in the club.
Additionally, the Canadiens are valued what they are due to the ~300 million Bell centre that comes along with them and his event promotion group which I guess has been fairly successful
The main thing is that the arena for the Canadiens was considered an additional asset worth selling (because of all the things hosted there), whereas Anfield is going to be torn down and redevelopments to be sold off to offset the construction of an eventual new stadium (and satisfy the city council).
Additionally, there are conversion rate issues with a direct comparison (H&G buy w/ dollars when it's almost exactly 2 dollars for one pound whereas today it's 1.6 dollars for one pound and presumably Molson is paying via canadian dollars which was ~1.2 CAD for one dollar in 2007 and 1.08 now)
If we converted the amount the amount they spent in pounds then to dollars then, that's $437.8 million. If we further convert it to canadian dollars, that's $525.36 million Canadian whereas the current deal Molson offered is $626.4 million Canadian.
Considering the difference in asset valuations (ie Molson is also buying an arena that will be available for many events and a promotion group whereas H&G are inheriting a need for a new stadium that will require destruction of the current asset), it's not a huge difference.
Forbes values the respective clubs as such:
Canadiens: 334 million dollars [gained about 51 million in value over the last year]
NHL Team Valuations: #3 Montreal Canadiens - Forbes.com
Liverpool: 1 billion dollars [lost about 40 million in value over the last year]
#5 Liverpool - Forbes.com
Additionally interesting is to note some of the numbers:
revenue:
Liverpool: 332
Montreal: 139
income:
Liverpool: 50
Montreal: 40