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

Yess_medium

 

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.

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join Litter Box Cats

You must be a member of Litter Box Cats to participate.

We have our own Community Guidelines at Litter Box Cats. You should read them.

Join Litter Box Cats

You must be a member of Litter Box Cats to participate.

We have our own Community Guidelines at Litter Box Cats. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9355_tracker