OTPP & Leafs.......Thursday, November 8, 2007
Forbes: Maple Leafs most valuable team at $332 million
Associated Press
NEW YORK -- The Toronto Maple Leafs are the most valuable NHL team, even though the Original Six franchise hasn't captured the Stanley Cup in 40 years, according to Forbes.
The value of the Maple Leafs has gone up 23 percent a year since the initial investment by the Ontario Teachers' Pension Plan in 1994, said Forbes, which released its annual valuations of all 30 NHL teams Thursday. The Maple Leafs team has a current value of $332 million,
to put it mildly.......value has increased nearly 300% and the product has not improved one iota....that's great management!!
Don't know if it was Graham or Buffet who said " great management with a lousy product will make money, lousy management with a great product will struggle".
I own this stock and am still a Leafs fan (woe is me...LOL)