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-   -   News Article: The Flyers lost money last year ... wait, what?!?! (http://hfboards.hockeysfuture.com/showthread.php?t=567181)

MountainHawk 10-29-2008 09:00 PM

The Flyers lost money last year ... wait, what?!?!
 
http://www.forbes.com/lists/2008/31/...ions_Rank.html

Code:


5          Philadelphia Flyers          275          13          24          102          -1.8

Rank, Team, Value (mil), 1 yr change, debt % of value, revenue, income

HoverCarle* 10-29-2008 09:10 PM

well were still paying Primeau and Rathje?

Chain Attack 10-29-2008 09:27 PM

Surprising when you consider they made it to the eastern final.
Don't the Flyers sell out every game? Maybe the tickets are just cheaper than most places.

JGalt 10-29-2008 09:36 PM

Well... They were paying Rathje, Primeau and Gagne on IR. Briere got 10 mil, Timonen got 8, Hartnell got 5.2.

A lot of dollars goin to guys beyond their cap numbers.

LEIFey 10-29-2008 09:41 PM

go comcast. guess they figure pay now, reap the profits later.

Krazy 10-29-2008 10:33 PM

when a player is on the IR, does the team pay it, or insurance?

I thought the team was charged the cap hit, but insurance paid for the actual salary (thats what happened with the leafs and berard anyway)

AllIsFehrNLoveAndWar 10-29-2008 11:23 PM

Well you gotta think that the contracts are frontloaded too. So while the Cap hits are just an average I still think Briere and Timonen made a lot more money last year then they will towards the end of their contract.

Chainsaw 10-30-2008 01:25 AM

I dont think Ed Snider cares in the slightest

FlyLife 10-30-2008 01:46 AM

Quote:

Originally Posted by Chainsaw (Post 16085492)
I dont think Ed Snider cares in the slightest

Exactly

Juicy Couturier* 10-30-2008 09:08 AM

Uncle Ed pays that bill with his pocket change.

Spongolium* 10-30-2008 09:09 AM

As they said, we are still playing players that are not on the roster, add into the fact the front loaded contracts, and thats why you are making a loss. It wont happen for much longer, sometimes you gotta spend money to make money

beastly115 10-30-2008 09:30 AM

Quote:

Originally Posted by pass the puck (Post 16081565)
Surprising when you consider they made it to the eastern final.
Don't the Flyers sell out every game? Maybe the tickets are just cheaper than most places.

Possibly. One of my friends is a huge Flyers fan (we go to school in Florida) and when she looked up ticket prices to see the Flyers/Panthers she flipped out because of how much more expensive they are here than up in Philly.

Kambo 10-30-2008 09:42 AM

Shoot, when I went to buy Devils tickets last week, their prices were ridiculous. People were selling lower-level seats for over $200 bucks, when they're like $90 here. I couldn't believe it.

McNasty 10-30-2008 11:59 AM

Quote:

Originally Posted by Kambo (Post 16087212)
Shoot, when I went to buy Devils tickets last week, their prices were ridiculous. People were selling lower-level seats for over $200 bucks, when they're like $90 here. I couldn't believe it.

Thats insane, they dont even fill that place.

IrishSniper87 10-30-2008 12:13 PM

Quote:

Originally Posted by McNasty (Post 16088679)
Thats insane, they dont even fill that place.

That might be why.

Juicy Couturier* 10-30-2008 12:19 PM

Quote:

Originally Posted by MountainHawk (Post 16081044)
http://www.forbes.com/lists/2008/31/...ions_Rank.html

Code:


5          Philadelphia Flyers          275          13          24          102          -1.8

Rank, Team, Value (mil), 1 yr change, debt % of value, revenue, income

What this data doesnt show is that Bud Bettman fined the Flyers 2 Million dollars for having Steve Downie on the team.

GKJ 10-30-2008 01:41 PM

Flyers lose money but Comcast makes it hand over fist.

Jester 10-30-2008 04:43 PM

Quote:

Originally Posted by go kim johnsson 514 (Post 16090014)
Flyers lose money but Comcast makes it hand over fist.

I'm actually curious as to how they define all that revenue...given that the "Flyers" do not get money from a TV station to air their games.

IrishSniper87 10-30-2008 04:50 PM

Quote:

Originally Posted by Jester (Post 16092445)
I'm actually curious as to how they define all that revenue...given that the "Flyers" do not get money from a TV station to air their games.

True

That statement alone might mean the Flyers actually generated a whole lot MORE money then most of other clubs.

Add in the fact they paid the fine, and players who aren't even here anymore, as well as front-loaded contracts and only lost 1.8 WITHOUT TV revenue included actually means the Flyers did well last year.

mm6492 10-30-2008 04:53 PM

our TV rev. is THROUGH THE ROOF but not actually counted

IrishSniper87 10-30-2008 05:02 PM

Quote:

Originally Posted by mm6492 (Post 16092574)
our TV rev. is THROUGH THE ROOF but not actually counted

It is when looked at the actual value of the team.

5th in the NHL

behind

Toronto Maple Leafs
N.Y. Rangers
Montreal Canadiens
Detroit Red Wings

ALL ORIGINAL 6 TEAMS!!!!!

In fact, our organization is 40 years younger then all of the teams in the top 4.

mm6492 10-30-2008 05:08 PM

Quote:

Originally Posted by Tiger73549 (Post 16092697)
It is when looked at the actual value of the team.

5th in the NHL

behind

Toronto Maple Leafs
N.Y. Rangers
Montreal Canadiens
Detroit Red Wings

ALL ORIGINAL 6 TEAMS!!!!!

In fact, our organization is 40 years younger then all of the teams in the top 4.

We might pass detroit if the american car sales continue to fall, theerfore putting a strain onto there economy. I also heard that even when Detroit is good, they do not sell out alot of games. Is this true?

JLHockeyKnight 10-30-2008 05:36 PM

Quote:

Originally Posted by Tiger73549 (Post 16088860)
That might be why.

They have other reasons.

Like plopping their stadium right into the middle of one of the more dangerous cities in NJ.

JLHockeyKnight 10-30-2008 05:38 PM

Quote:

Originally Posted by Tiger73549 (Post 16092543)
True

That statement alone might mean the Flyers actually generated a whole lot MORE money then most of other clubs.

Add in the fact they paid the fine, and players who aren't even here anymore, as well as front-loaded contracts and only lost 1.8 WITHOUT TV revenue included actually means the Flyers did well last year.

Plus, I can't tell if that's just ticket sales? Did they include Concessions? T-shirts, jerseys, etc? Licensing of their logo?

I guarantee if you threw TV revenue in they'd be in the positive.

IrishSniper87 10-30-2008 05:50 PM

Quote:

Originally Posted by JLHockeyKnight (Post 16093136)
Plus, I can't tell if that's just ticket sales? Did they include Concessions? T-shirts, jerseys, etc? Licensing of their logo?

I guarantee if you threw TV revenue in they'd be in the positive.

Uh, yeah.

I think Forbes included everything (concessions, jerseys, t-shirts, ect.). However, with the way the Flyers TV deal is set-up due to Comcast owning them, I don't think the Flyers get "credited" with their TV revenue in their "operating budget" since they don't get paid a TV contract.

This makes sense since Comcast already owns the channel and the team. Why pay the team you own to broadcast their games on channels you own?

Forbes would be unable to count this in the operating income for the Flyers, as TV revenue would be included in Comcast-Spectacors operating budget.

However, TV revenue is very evident in the fact the Flyers are worth the 5th highest amount in the NHL, only behind 4 of the "Original 6" teams.

So technically, the Flyers did in-fact generate lots of money last year.


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