Canucks being sold

narc · #1 (**permalink**) Nov 17, 04

just heard, watch the news tomorrow

-ff- · #2 (**permalink**) Nov 17, 04

Quote:

Originally Posted by Narc

just heard, watch the news tomorrow

PARTIAL sale.

http://www.tsn.ca/nhl/news_story.asp...02&hubName=nhl

~Sc@ndelu$~ · #3 (**permalink**) Nov 17, 04

we're gonna have no sports teams here soon,... this sucks

crackdragon · #4 (**permalink**) Nov 17, 04

^ if the rumours are true then it is going to be sold to local business person(s)

{dC!} · #5 (**permalink**) Nov 17, 04

If this is true ...

WTF :@

~Sc@ndelu$~ · #6 (**permalink**) Nov 17, 04

Quote:

Originally Posted by {dC!}

If this is true ...

WTF :@

be quiet little boy and go to bed.. u have school in the morning :p

{dC!} · #7 (**permalink**) Nov 17, 04

Quote:

Originally Posted by ~Sc@ndelu$~

be quiet little boy and go to bed.. u have school in the morning :p

That is true I do ...

But but but IM WAITING FOR YOU TO PM ME with the name of who owns Phil Collins troll acount!

**sNyx** · #8 (**permalink**) Nov 17, 04

Quote:

Originally Posted by ~Sc@ndelu$~

be quiet little boy and go to bed.. u have school in the morning :p

snap.

DJDeeb · #9 (**permalink**) Nov 18, 04

As long as the Canucks stay as in Vancouver and the words 'Vancouver' and 'Canucks' get engraved on the stanley cup very soon.........i'll happy:)

dapimpstress · #10 (**permalink**) Nov 18, 04

Quote:

Originally Posted by sNyx™

snap.

MAD werd.

KenJi · #11 (**permalink**) Nov 18, 04

Its apparently a 49% share, being sold to a hockey enthusiast from Vancouver. Since its 49% and not 100% for the time being it is gonna stay in vancouver, and I believe it will always be in vancouver even if they end up selling total control of it.

Why get rid of a team that is making money, when most of the teams in the league are losing money. Vancouver is a hockey rich town, and with the canucks doing well the last few years, the revenue has increased dramatically, with the canucks organisation turning profits for the last 2 or 3 years.

Best time to sell a portion of the team, thats why he did it.

Silverwinged · #12 (**permalink**) Nov 18, 04

Quote:

Originally Posted by DJDeeb

.. and the words 'Vancouver' and 'Canucks' get engraved on the stanley cup very soon.........i'll happy:)

i hate to break it to you...

KenJi · #13 (**permalink**) Nov 18, 04

^ it'll happen eventually I say 2007.

I've been saying that since 2001 when the canucks finally started making the playoff's again, and doing well.

They have the foundation, they need the clutch goaltending. Goaltending can take any team to the finals if the goalie gets real hot.

Look to the 94 stanley cup final canucks. Mclean was so hot by the time rounds 2 and 3, that it was no wonder the canucks flew through dallas, and toronto.

Its all about goaltending and i hate to say it but in the clutch cloutier just doesn't cut it.

Ree Fresh · #14 (**permalink**) Nov 18, 04

I cant see Vancouver loosing a hockey team. Vacnouver has a lot of money to spend on hockey... especialy if the team does well.

Senior · #15 (**permalink**) Nov 18, 04

MEDIA RELEASE

For Immediate Release: November 17, 2004

VANCOUVER-BASED AQUILINI INVESTMENT GROUP ACQUIRES 50 PER CENT OF VANCOUVER
CANUCKS AND GENERAL MOTORS PLACE

Vancouver, B.C. - John McCaw, owner of the Vancouver Canucks and General Motors
Place, today announced a partnership with Aquilini Investment Group that will
help the Canucks forge even stronger ties to the Vancouver community.

Aquilini Investment Group signed an agreement with Orca Bay Sports and
Entertainment to acquire a 50 per cent interest in the Vancouver Canucks and
General Motors Place.

"Today's announcement signifies an exciting next step for the Vancouver
Canucks," said John McCaw. "I am pleased to establish this unique partnership
with Francesco Aquilini and his family. It is clear to me that we share a
similar vision and enthusiasm for this franchise. I think this is great news."

The shared ownership of Orca Bay demonstrates the truest form of partnership.
The parties will equally participate in setting the strategic direction of the
company while the existing management team will retain complete responsibility
for day-to-day operations.

"Our investment in the Canucks and Orca Bay makes good business sense for us,"
explained Francesco Aquilini, Managing Director, Aquilini Investment Group.
"We've been looking at the Canucks for almost three years and we like the
businesslike approach and ongoing commitment John McCaw has shown to the
community. It's a terrific combination, so we're really pleased to be joining
him and bringing local ownership back to the team."

Orca Bay President and Chief Executive Officer, Stanley McCammon believes that
local ownership can help further connect the organization with the community.

"Francesco is a committed citizen of the Vancouver community," said Stanley
McCammon. "We hope to learn from his experiences and build on his relationships
to enhance the role that our organization plays in Vancouver and British
Columbia. I have known Francesco for several years, and I believe that he and
John combine to form a great ownership group."

Aquilini will become Alternate Governor of the organization once the National
Hockey League approves the agreement. Approval of the transaction is expected to
occur by December 31, 2004.

"The Orca Bay management team has my full support," added Aquilini. "We're here
as an investor, not as the coach, general manager or president. The Canucks'
front office is strong and professional, one of the big reasons we decided to
invest. So, we plan on letting the management team do their job on and off the
ice."