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Description

Franchise value and ownership history

Franchise name/location history (most to least recent):
  • Sault Ste.Marie Greyhounds

Franchise Valuation and Ownership History
All amounts in US$ unless otherwise noted.
Season   Value
(US$)
In today's
US$
Hockey Franchise
Valuation Rank
1986-87 $396,000 $1,135,867
Value in Canadian currency: $550,000. Phil Esposito and his partners purchased the franchise for C$ 550,000.
Source(s): Book: Net Worth
1989-90 $845,000 $2,143,002 2
Value in Canadian currency: $1,000,000. Before the season, Phil Esposito and his partners agreed to sell the franchise for C$ 1M to Detroit-based Compuware, which was planning to move the team. The City of Sault Ste. Marie, having the right of refusal, matched the offer and a group of local businessmen header by Dr. George Shunock became owners of the franchise.
Source(s): Book: Net Worth / Sault This Week