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-   -   New Sharks Owner - You cannot make money with a hockey team! (http://hfboards.hockeysfuture.com/showthread.php?t=1339473)

Melrose Munch 02-01-2013 09:18 PM

New Sharks Owner - You cannot make money with a hockey team!
 
http://www.csnbayarea.com/blog/kevin...ey-hockey-team

And there it is. The truth hurts :)

MoreOrr 02-01-2013 09:25 PM

Quote:

Originally Posted by Melrose Munch (Post 58863339)
http://www.csnbayarea.com/blog/kevin...ey-hockey-team

And there it is. The truth hurts :)

And it is the truth, for a great many teams in the League. In general, no owner of an NHL franchise should be in it to make money. The primary objective should be simply not to consistantly lose money. If they break even, they should consider themselves fortunate; as long of course that they're in it for the love of the game.

And those few that actually make money... Congrats, you hit it big getting into the few markets that allow that to happen.

Gotaf7 02-01-2013 09:27 PM

The title should read "You can't make money with a hockey team in a non-traditional market" Then I would agree!

Glacial 02-01-2013 09:33 PM

Quote:

Originally Posted by Melrose Munch (Post 58863339)
http://www.csnbayarea.com/blog/kevin...ey-hockey-team

And there it is. The truth hurts :)

Tell that to the Leafs & Rangers.

jumptheshark 02-01-2013 09:35 PM

Quote:

Originally Posted by Gotaf7 (Post 58864165)
The title should read "You can't make money with a hockey team in a non-traditional market" Then I would agree!

this would be my reaction

Leafs are worth a billion or something now

Confucius 02-01-2013 09:37 PM

Quote:

Originally Posted by MoreOrr (Post 58864035)
And it is the truth, for a great many teams in the League. In general, no owner of an NHL franchise should be in it to make money. The primary objective should be simply not to consistantly lose money. If they break even, they should consider themselves fortunate; as long of course that they're in it for the love of the game.

And those few that actually make money... Congrats, you hit it big getting into the few markets that allow that to happen.

Beware your partners are coming with their hands out.:laugh:

matCH penalty 02-01-2013 09:40 PM

It's not news that American franchises generally can't stay healthy without a sweetheart deal from its home municipality and/or a billionaire with more love for the game/the team than his net worth. It's nice to hear it publicly, though.

There's no CBA fix to this, either. Unless you'd like to turn the league into the MLS and watch all the talented players flee to the KHL. The NHL needs to shed some bad markets.

Confucius 02-01-2013 09:41 PM

NHL was a great biz for two of the three founding cities. Montreal and Toronto have raked it in for a century now. Not to mention all the local lads from the two cities that have made a great living from the game over the last half century.

As with any business it's great for the guys in on the ground floor. A struggle for the Johnny come lately's. :laugh:

MoreOrr 02-01-2013 09:42 PM

Quote:

Originally Posted by Stix and Stones (Post 58865015)
Beware your partners are coming with their hands out.:laugh:

As long as the wealth of the few keep pushing the cost of competing higher for all. So yes, that's the cost of being part a League. And if that League hadn't grown, then even those wealthy few wouldn't be make the quantities of money that they're making today.

Elever 02-01-2013 09:43 PM

Somewhere Gary Bettman is wincing after hearing an owner say that. Hope the PA keeps track of it for the next CBA negotiations.

Melrose Munch 02-01-2013 09:44 PM

Quote:

Originally Posted by MoreOrr (Post 58864035)
And it is the truth, for a great many teams in the League. In general, no owner of an NHL franchise should be in it to make money. The primary objective should be simply not to consistantly lose money. If they break even, they should consider themselves fortunate; as long of course that they're in it for the love of the game.

And those few that actually make money... Congrats, you hit it big getting into the few markets that allow that to happen.

Quote:

Originally Posted by matCH penalty (Post 58865375)
It's not news that American franchises generally can't stay healthy without a sweetheart deal from its home municipality and/or a billionaire with more love for the game/the team than his net worth. It's nice to hear it publicly, though.

There's no CBA fix to this, either. Unless you'd like to turn the league into the MLS and watch all the talented players flee to the KHL. The NHL needs to shed some bad markets.

And this is my point, there's no salary cap to fix this, or revenue sharing. The NHL does not make money. End of story.

Stanley Cup 02-01-2013 09:44 PM

Quote:

Originally Posted by MoreOrr (Post 58864035)
And it is the truth, for a great many teams in the League. In general, no owner of an NHL franchise should be in it to make money. The primary objective should be simply not to consistantly lose money. If they break even, they should consider themselves fortunate; as long of course that they're in it for the love of the game.

And those few that actually make money... Congrats, you hit it big getting into the few markets that allow that to happen.

Bing! Also what I think.

Confucius 02-01-2013 09:44 PM

Quote:

Originally Posted by Kloparren (Post 58865647)
Somewhere Gary Bettman is wincing after hearing an owner say that. Hope the PA keeps track of it for the next CBA negotiations.

Good point!! It should help Gary sell teams in the future :laugh:

Melrose Munch 02-01-2013 09:46 PM

Quote:

Originally Posted by MoreOrr (Post 58865543)
As long as the wealth of the few keep pushing the cost of competing higher for all. So yes, that's the cost of being part a League. And if that League hadn't grown, then even those wealthy few wouldn't be make the quantities of money that they're making today.

That's mostly coming from the Canadian market You can't say for sure that if there was 2 leagues, the US and Canada being separate, the US would be making money.

Hero 02-01-2013 09:47 PM

The leafs rags and habs disagree.

Undertakerqc 02-01-2013 09:54 PM

Quote:

Originally Posted by Glacial (Post 58864701)
Tell that to the Leafs & Rangers.

And the Habs

Melrose Munch 02-01-2013 09:58 PM

For all of you mentioning The Rangers and Flyers, funny how those markets are are good sports market and the trouble markets have issues in the other 3 leagues as well as the NHL. This is larger then hockey, some place are not pro sports markets.

Pinkfloyd 02-01-2013 09:59 PM

Talk about taking a comment out of context. That was a tongue-in-cheek statement. Sharks have been a money-maker for quite some time and the losses they claimed last year is team operations and not the entire business model.

scotchex 02-01-2013 09:59 PM

Quote:

Originally Posted by hero (Post 58866005)
The leafs rags and habs disagree.

Have fun with a 3 team league.

Coramoor 02-01-2013 10:00 PM

Quote:

Originally Posted by Pinkfloyd (Post 58866949)
Talk about taking a comment out of context. That was a tongue-in-cheek statement. Sharks have been a money-maker for quite some time and the losses they claimed last year is team operations and not the entire business model.

Yup, once you add arena management and concessions and parking, etc, you do quite well

Confucius 02-01-2013 10:07 PM

Quote:

Originally Posted by scotchex (Post 58866981)
Have fun with a 3 team league.

Well we'd have to include Ottawa again. Rinse, repeat...

danishh 02-01-2013 10:14 PM

today, he's right, but i'm looking forward to 2015.

By then, islanders revenue goes up by 20M, phoenix revenue goes up by 20M or is sent to a city that increases revenue even more.

Suddenly, you're looking at a league with no huge revenue-sharing recipients. What that means is that each of the bottom 15 revenue teams gets enough revenue sharing to break even, or more. As long as those bottom 15 teams spend around the midpoint, they will be able to make money. If an owner like plattner insists on increasing their budget beyond that point, sure, they'll lose money, but that's their choice.


Unless revenue-sharing is significantly increased (and focused on the top revenue teams even more), there's always going to be problems in this league with teams like toronto, montreal, and new york having such a huge revenue advantage over the rest, but I think by eliminating the bottom revenue-sharing-sinks, every team in the league can be healthy.

thom 02-01-2013 10:14 PM

Do research on what Montreal Canadiens and Toronto Maple leafs make.Incredible amounts.Read the book or watch the movie Net Worth about how in the 6 team league clubs were making millions of dollars and paying players crap.The connection of norris family to the mafia is well known.The movie stars the late canadian actor Al Waxman to my american friends he was on cagnie and lacy a tv show in the 80's.

joelef 02-01-2013 10:23 PM

Time to move the sharks to yellowknife will they will make a crap ton of money.

PanthersHockey1 02-01-2013 10:30 PM

Quote:

Originally Posted by Gotaf7 (Post 58864165)
The title should read "You can't make money with a hockey team in a non-traditional market" Then I would agree!

so then the reason QC and hartford and Winnipeg lost their teams the first time around was?


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