This is a follow up on this story on TSN about the possible sale of the Montreal Canadiens to le Caisse de depot et placement.
I think it's a bad idea to let the Quebec government and Parti Quebecois to get involved in the financial situation of the team because the example set by the Toronto Maple Leafs in the last few decades by the Ontario Teachers' Pension Plan and the Maple Leaf board is not a stellar one to follow. We won't speak on any of Brian Burke's future moves, but everything since the mid-60s has been hit and miss for the Maple Leafs.
Instead, I would support another private investor coming in and buying the team, or at least the majority shareholding. If the Parti Quebecois wanted to buy some shares I would support a minority shareholding but to let the government get involved in the team would probably introduce a lot of unnecessary red tape to our hallowed habitants.
An example of such a buyer would be... wait for it...
That's right boys, if we combine the Edmonton Oilers and the Montreal Canadiens, we would have two of the storied franchises in the sport under the wing of Rexall Sports. And who doesn't want that? Imagine buying mini-packs for both teams on discount and flashback Rexall ads with Wayne Gretzky, Jari Kurri, and Ken Dryden on them.
One can only dream.
Labels: Caisse de depot et placement, daryl katz, george gillett, hab, habitant, habitants, habs, montreal canadiens, ontario teachers' pension plan, parti quebecois, rexall sports, toronto maple leafs