RP
Richard Peddie
23quotes
Quotes by Richard Peddie
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(The CSA) will probably need some help, ... I don't want to show our hand. It won't be (the bulk of the) $25 million (that MLSE commits), but we can help in many ways.
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A general manager is evaluated in large part by the results of his decisions. Unfortunately, those results have not met our expectations.
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In all, we get about one/30th of what's sold outside our building (divided among all teams), ... I don't think that would even amount to six figures. What's important to us is the brand recognition when people wear them around town.
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The investment community follows those stocks and scrutinizes quarterly earnings reports very carefully. The fact that we're privately held means we're not under the same scrutiny and our ownership isn't under as much pressure to produce quarterly profits,
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It was a tough decision, but one that we feel is in the best long-term interest of our franchise.
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I've been reviewing (the performance) of senior people since the start of April. That will have an end date and a whole written component.
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First of all, typically people you would be interested in would be tied up through the end of the season and when we were allowed to talk to Bryan in February, that was unexpected. When your top person gets available months earlier than expected, you jump at that chance.
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We have to do a major course correction. We used to follow a buy strategy and now we have to follow a build strategy.
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We look forward to working with the three levels of government as we prepare for construction of the stadium in early 2006 and while we finalize our franchise agreement with Major League Soccer,
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