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182,000,000 reasons for the Florida Panthers to remain in Sunrise

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The public company Sports Properties Acquisitions Corp. is in talks to purchase the Panthers and the rights to run the BankAtlantic Center and surrounding properties for a reported $230-$240 million. But unless the new ownership group is willing to pay Broward County the remaining debt for building and improving the arena - another $182 million - they are locked into a lease that will keep them put for the next 20 years.

- Carlos Frias, Palm Beach Post

Nothing is bulletproof, but I challenge anyone to find a more solidly ironclad guarantee for a team south of Madison Square Garden. Are the Cats worth upwards of, gulp, $422M?

As the Blues Brothers' manager so eloquently asked while taking a steam: "Who dya guys think ya are? The Beatles?"

This should effectively put the "But are they gonna move?" questions to bed. For now.

(Whalers. Hartford. I know, I know. Far different circumstances, kids. And this ain't Glendale, Arizona, either. Sorry my Yotes compadres.)

Frias continues:

A move seems unlikely because location is a big part of the Panthers' appeal. Although they play in a small market and haven't been to the playoffs in nine years, the deal would allow the new owners to manage and profit from all other events at the BankAtlantic Center. Plus, the current ownership group envisions building a mixed-use entertainment district around the stadium called the City of Oz.

There will undoubtedly be much more to come as this thing works itself out over the next weeks and months, but the Panthers really are more valuable right where they currently reside.

Next to a criminally-large blinking billboard.

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I couldn’t agree more with your assessment of the Panthers’ future in the BankAtlantic Center (or whatever it’s going to be called over the next 20+ years).

Hopefully this deal to sell the team will go through. It has been a very long time coming. Much like the mood of the country after 8 years under the previous administration, the mood in Pantherland is one of exasperation and anger. Hopefully, for the sake of the psyche of the fans, the new owners come in and immediately begin to make a positive difference. Spread some hope, and show a definitive commitment to the market.

by VanMurph on Jun 4, 2009 8:48 PM EDT reply actions  

…and give some props to the wizards of “Oz”, without which we probably wouldn’t be so content right now.

by Donny Rivette on Jun 5, 2009 6:29 PM EDT up reply actions  

I think they'll stay put

Can't stop to save my soul
I take the leash that's leading me
I'm bleeding me, whoa!

by Patssuck456 on Jun 5, 2009 5:20 PM EDT reply actions  

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Southeast Standings

GP W L OTL PT
Washington 82 54 15 13 121
Atlanta 82 35 34 13 83
Carolina 82 35 37 10 80
Tampa Bay 82 34 36 12 80
Florida 82 32 37 13 77

(updated 4.12.2010 at 9:21 AM EDT)

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