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-   -   Wild owners expecting 2nd cash call this season (http://hfboards.hockeysfuture.com/showthread.php?t=1281905)

LadyStanley 11-11-2012 01:18 AM

Wild owners expecting 2nd cash call this season
 
http://www.twincities.com/sports/ci_...ash?source=rss

There was a $10m cash call to pay the $20m signing bonuses this summer, and now the 11 investors have been advised of a mid-November cash call due to the lockout.

DuklaNation 11-11-2012 01:44 AM

Apparently the owners dont have an endless supply of money after all.

Elever 11-11-2012 01:49 AM

^ I don't think that necessarily means that they don't have the funds. Not really an indication that they're running out of $ though yes many owners do need the gate/concession receipts to cover some expenses they can't keep paying with just a lockout.

OneSharpMarble 11-11-2012 02:04 AM

Minny needs to get this season started. That is a big chunk of change for nothing.

Fugu 11-11-2012 02:13 AM

Quote:

Originally Posted by OneSharpMarble (Post 55682283)
Minny needs to get this season started. That is a big chunk of change for nothing.


I presume the Make Whole arrangement would be paid by the owners with the contracts that would to be protected.

Some Other Flame 11-11-2012 02:34 AM

Unsurprising. The Sabre, Wild, Penguins, and Predators are some of the teams who had large signing bonuses paid this season. Without any gate revenues, they'll lose just as much as the players over a lockout.

Looks like the owners don't hold all the leverage after all.

melinko 11-11-2012 02:49 AM

The Wild also haven't had any layoffs and are paying season ticket holders 10% interest on the money they keep with the team.

Alesle 11-11-2012 03:24 AM

Quote:

Originally Posted by Some Other Flame (Post 55682629)
Unsurprising. The Sabre, Wild, Penguins, and Predators are some of the teams who had large signing bonuses paid this season. Without any gate revenues, they'll lose just as much as the players over a lockout.

Looks like the owners don't hold all the leverage after all.

What? Penguins didn't have any large signing bonuses paid this season.

Stasis 11-11-2012 03:27 AM

Quote:

Originally Posted by Some Other Flame (Post 55682629)
Unsurprising. The Sabre, Wild, Penguins, and Predators are some of the teams who had large signing bonuses paid this season. Without any gate revenues, they'll lose just as much as the players over a lockout.

Looks like the owners don't hold all the leverage after all.

Can't speak for the other teams but if you know anything about the Sabres owner Terry Pegula, you know he really doesn't care about the money. His net worth is like $3B.

That said I firmly believe he's one who is fighting to start the season anyway, because he's just a genuine fan of the sport who bought the team for the right reasons.

haseoke39 11-11-2012 08:06 AM

Quote:

Originally Posted by Some Other Flame (Post 55682629)
Looks like the owners don't hold all the leverage after all.

This is one little piece of a bigger puzzle. And in the big picture, the players lose much more than the owners. The leverage argument isn't even close.

BLONG7 11-11-2012 09:18 AM

Quote:

Originally Posted by LadyStanley (Post 55681545)
http://www.twincities.com/sports/ci_...ash?source=rss

There was a $10m cash call to pay the $20m signing bonuses this summer, and now the 11 investors have been advised of a mid-November cash call due to the lockout.

I am more of an owners guy, but the Minny ownership group did this to themselves...I still can't believe they signed both Parise and Suter, and gave them a crazy amount of money, up front none the less...:shakehead

Erik Estrada 11-11-2012 10:00 AM

Parise, Sutter, cash call, cash call, ....

Fugu 11-11-2012 12:20 PM

Quote:

Originally Posted by haseoke39 (Post 55684473)
This is one little piece of a bigger puzzle. And in the big picture, the players lose much more than the owners. The leverage argument isn't even close.


The point may be that Leipold will lose a bit more than he may have bargained.

Bullrun 11-11-2012 12:29 PM

sort of a non-story...wild are maintaining workforce and losing gate...yeah there need to be more money to continue operating

and its not like the owners wont be able to find the money...this isnt their primary business

thinkwild 11-11-2012 01:28 PM

During Bettmans last lockout, he insisted that every team put aside a $10 mil lockout operations fund to tide them through up to a full years worth of lockout. Perhaps they didnt feel they needed such a fund this time?

Nice of the Wild though to maintain their workforce, offer generous interest rates to season ticketholders, and be able to afford the top ufa's and cash calls they surely foresaw. They are great market, in hockey country, that isnt in need of all these protections that small markets do i guess. They must have a very eager to compromise owner.

njdevil26 11-11-2012 01:33 PM

Quote:

Originally Posted by BLONG7 (Post 55684841)
I am more of an owners guy, but the Minny ownership group did this to themselves...I still can't believe they signed both Parise and Suter, and gave them a crazy amount of money, up front none the less...:shakehead

Well hey don't forget ... Parise said one of the things he looked at when deciding to sign was the financial stability of the club.

Killion 11-11-2012 02:11 PM

Quote:

Originally Posted by Fugu (Post 55686761)
The point may be that Leipold will lose a bit more than he may have bargained.

... or more likely he was cashing checks with his mouth in signing Parise & Suter that he knew his ass couldnt cash, figuring the league & or "someone else" would bail him out just as they always have throughout his miscreant career as an NHL owner.

Tomorrow Never Dies

sandysan 11-11-2012 03:00 PM

Quote:

Originally Posted by Killion (Post 55689135)
... or more likely he was cashing checks with his mouth in signing Parise & Suter that he knew his ass couldnt cash, figuring the league & or "someone else" would bail him out just as they always have throughout his miscreant career as an NHL owner.

Tomorrow Never Dies

Things would be so much easier if you didn't beat around the bush and you came out and told us how you really feel.

Yikes!

Lacaar 11-11-2012 04:35 PM

Or the owners knew they would have to cough up some dough to pay for the players they wanted to try and ice a winner. Doubt they were dumb enough to think the cba would be all peaches and roses as some here WANT to believe. Minnesota fans should rejoice the owners made that commitment to winning.

Killion 11-11-2012 04:56 PM

Quote:

Originally Posted by sandysan (Post 55690695)
Things would be so much easier if you didn't beat around the bush and you came out and told us how you really feel.

Yikes!

... Ive' got no time for that one. Minnesota deserves way better. Between the Gunds, Green & Leipold its like they were cursed by Mad Trapper Pierre "Pig Eye Parrant or Frankie Xavier "Moose" Goheen; mebbe "Mr.Zero" Frankie Brimsek for some long forgotten slight? I mean honestly, "how do you screw up hockey in the Land of 10,000 Lakes"?. Takes some doin huh? Anyhoo... Im tempted to spam Senator Al Franken's in-box demanding a judicial inquiry; sub-committe; charges laid. Get Jesse Ventura on the case. Damn straight its a Conspiracy Governor.

tony d 11-11-2012 06:13 PM

Yes, kudos to the Wild for keeping their staff on during the lockout. The arena workers who aren't working due to the lockout are the real losers in this whole mess of a lockout.

zytz 11-11-2012 06:15 PM

Quote:

Originally Posted by BLONG7 (Post 55684841)
I am more of an owners guy, but the Minny ownership group did this to themselves...I still can't believe they signed both Parise and Suter, and gave them a crazy amount of money, up front none the less...:shakehead

this 110%

Firmly with the owners myself, but they did this to themselves.

MapleLeafsFan4Ever 11-11-2012 10:28 PM

Quote:

Originally Posted by BLONG7 (Post 55684841)
I am more of an owners guy, but the Minny ownership group did this to themselves...I still can't believe they signed both Parise and Suter, and gave them a crazy amount of money, up front none the less...:shakehead

That's why I said before Craig Leipold shouldn't complain one week after signing both Parise and Suter that the players make to much money and need to start making less. No one forced him to let Chuck Fletcher sign them.

NYRKING30 11-11-2012 10:56 PM

Quote:

Originally Posted by BLONG7 (Post 55684841)
I am more of an owners guy, but the Minny ownership group did this to themselves...I still can't believe they signed both Parise and Suter, and gave them a crazy amount of money, up front none the less...:shakehead

I agree with you, much less to one player who isn't even almost worth half of what he got.

jumptheshark 11-12-2012 03:33 AM

Quote:

Originally Posted by LadyStanley (Post 55681545)
http://www.twincities.com/sports/ci_...ash?source=rss

There was a $10m cash call to pay the $20m signing bonuses this summer, and now the 11 investors have been advised of a mid-November cash call due to the lockout.

This is a self inflicted injury in this case


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