Canucks Sports & Entertainment
Hoover's Company Profiles:
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Canucks Sports & Entertainment
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800 Griffiths Way Vancouver, British Columbia V6B 6G1, Canada Tel. 604-899-7400 Toll Free 888-672-2229 Fax 604-899-7401 |
Type: Private
On the web:
http://www.canucks.com
Bringing the Stanley Cup to Vancouver is the goal for this company. Canucks Sports & Entertainment owns and operates the Vancouver Canucks professional hockey franchise, along with the team's home arena, Rogers Arena (formerly known as General Motors Place). The team, which entered the National Hockey League in 1970, has yet to win a Stanley Cup championship but has made three appearances in the finals (its last in 2011, a losing effort to the Boston Bruins). Aquilini Investment Group, a local real estate development and investment concern led by Francesco Aquilini, has owned Canucks Sports since 2006.
Officers:
Chairman: Francesco Aquilini
President and General Manager: Michael D. (Mike) Gillis
COO: Victor P. de Bonis
Wikipedia on Answers.com:
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Canucks Sports & Entertainment
| Type | Private |
|---|---|
| Industry | Sports, Property management |
| Founded | 1995 (as Orca Bay Sports & Entertainment) 2008 (present name)[1] |
| Key people | Francesco Aquilini, Chairman Mike Gillis, President Victor de Bonis, CEO |
| Products | Professional sports teams, Arenas |
| Operating income | $17.6 million[2] |
| Net income | $119 Million |
| Owner(s) | Aquilini Investment Group |
| Subsidiaries | Vancouver Canucks |
Canucks Sports & Entertainment, previously known as Orca Bay Sports & Entertainment, is a sports and entertainment company in Vancouver, British Columbia, Canada that owns and operates the Vancouver Canucks of the National Hockey League team and their home arena, Rogers Arena.
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Contents
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History
The company was created in August 1995 by then co-owners Arthur Griffiths and Seattle billionaire John McCaw, Jr. to operate the Vancouver Canucks, the Vancouver Grizzlies, and General Motors Place. McCaw later assumed full ownership of the company and its assets in 1996.[3] In November 2004, Vancouver-based investment company the Aquilini Investment Group purchased 50% of the company from McCaw and two years later bought the remaining 50%.
NBA return
It was reported on May 13, 2009 by local radio station the TEAM 1040 that Francesco Aquilini and Canucks Sports & Entertainment had expressed interest in purchasing the Indiana Pacers of the National Basketball Association and moving the team to Vancouver. A possible deal would depend on if Pacers owners Herbert and Melvin Simon can secure a new lease agreement with the Indianapolis Capital Improvement Board who own their home arena, the Conseco Fieldhouse.[4] In 2011, rumours surfaced of Aquilini wanting to purchase the New Orleans Hornets, which since their bankruptcy in 2010 are owned by the NBA.[5]
Assets
Present
- Vancouver Canucks, a professional hockey team (valued at $300 million USD, 7th in the NHL)[6]
- Rogers Arena, an indoor sports arena
Past
- Vancouver Grizzlies, a professional basketball team.
References
- ^ Canucks Sports & Entertainment replaces Orca Bay Retrieved on 2009-05-13.
- ^ [1] Retrieved on 20010-12-31.
- ^ Report: B.C. businessmen to buy NHL Canucks Retrieved on 2009-05-13.
- ^ Aquilini Interested in Indiana Pacers? Retrieved on 2009-05-13.
- ^ Aquilini wants NBA's Hornets in Vancouver: report
- ^ [2] Retrieved on 2009-12-17.
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