The following is directly copied from Google's French-to-English translator:
A first meeting was held in New York with the Rays principal owner Stuart Sternberg, according to our information . A second meeting was also held last spring with senior management Rays to present the study commissioned by the Board of Trade of Metropolitan Montreal on the sustainability of the return of major league baseball in Montreal. Montreal business people have also been in contact with a dozen teams in baseball, with the aim to explain the seriousness of their approach and their study.Interesting read, but it seems to indicate there is $200 million available to buy a minority share of the team. That does NOT mean there is any money available for a stadium.
According to our information , the Rays were clear in their trade with Montreal representatives: they want to do everything possible to ensure the future of the team in the long run in the Tampa Bay area . In this regard, two issues will be crucial over the next two years negotiating a future contract with the local TV ( the current contract ends after the season 2016) and the construction of a new stadium, preferably near the center -town Tampa Bay. The Rays did not intend to seriously look at another option without having tried everything in both cases.
According to La Presse has learned, the group of a dozen business people in Montreal, headed by the Board of Trade of Metropolitan Montreal, would have no difficulty in finding short-term investors who inject up to 200 million to become minority shareholders of a team ( ex .: 33 % share of an estimated 600 million team). According to this formula favored by the group, a current owner would move the team and remain the majority shareholder. Montreal business people then would have a large but minority in the team. This scenario is related to the construction of a stadium in the city center to be financed mainly by public funds (the study of Ernst & Young evoked 66% of public funds and 33% of fund owners of the team).
The dozen business people interested in the Montreal Expos return favors the scenario where a small number of them (between two and four investors) would be common to about 200 million (ex.: three investors 75 million each for a total of 225 000 000 ) . They immediately want to drop a too complex shareholding structure as that of the former Partnership Expos . Some members of the group are open to the idea of creating a second group of local shareholders who hold only a small share in the ownership of the team. But it would be the first group of local shareholders that invest substantially all of the amount required and who would play the role of the local minority shareholder.
In the scenario of an expansion or full redemption of a team, the group of people of Montreal business is less optimistic can raise the necessary funds (between 500 and 650 million , according to various estimates), at least for the moment.
Over the coming months, overseen by the Board of Trade of Metropolitan Montreal group will update the study of the accounting firm Ernst & Young on the sustainability of the return of a team of major baseball in Montreal . The aim is to update the study in time for the two preseason games that will play the Toronto Blue Jays at Olympic Stadium in Montreal at the end of March. The announcement of the two games Toronto Cincinnati will be confirmed today during a press conference at the Bell Centre .
Last December, the Ernst & Young study concluded that the project valued at 1.025 billion (525 million for the purchase of a team, $500 million for a stadium downtown ) was profitable provided that public funds finance two thirds of the construction of the stage ( 335 000 000 500 ). However, the data on which the study is based are more than one year. Some things have changed since then, including the value of local TV rights, which continue to be renegotiated upwards in several cities in baseball.