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SingnBluesOnBroadway 02-11-2005 10:37 AM

Garden's Nhl
 
Another good article about Cablevision's finances:

http://nypost.com/business/39660.htm

"In addition, the "World's Most Famous Arena" could see well more than $100 million in revenue skate into the sunset as Rangers ticket sales sink to zero and advertising dollars on Rangers, Islanders and Devils telecasts shrink. "

"The Garden reported total revenue of $481 million for the nine months ended Sept. 30.

In addition to the $90 million in total revenue the Rangers reported to the NHL, the perennial losers told the league that they lost $34 million in the 2003-04 season.

But the financial picture for the Garden doesn't end with just the Rangers and lost popcorn and soda sales."

NYIsles1* 02-11-2005 12:49 PM

" On the positive side, the team will not have to shell out $105 million to cover the league's sixth-highest payroll. "

Seems like a lot of errors and contradictions in this article from beginning to end. Five other NHL teams did not have payrolls more than 105 million, nowhere has it been reported the Rangers spent this much.

Brooklyn Ranger 02-11-2005 10:46 PM

Quote:

Originally Posted by NYIsles1
" On the positive side, the team will not have to shell out $105 million to cover the league's sixth-highest payroll. "

Seems like a lot of errors and contradictions in this article from beginning to end. Five other NHL teams did not have payrolls more than 105 million, nowhere has it been reported the Rangers spent this much.

I suspect that the payroll they are referring to is for the entire organization and not just players on the NHL roster. There are the AHL players' salaries, coaches, GMs, trainers, office staff, etc. The figues the articles quote are not at all out of line when you take that into consideration.


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