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09-09-2004, 09:37 PM
  #14
jpsharkfan
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Join Date: Jun 2004
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Quote:
Originally Posted by pld459666
to be concerned with the owner making money.

For me personally, I find it rather hard to believe that all of these owners are losing ALL of this money yet the majority of them are not scrambling to sell off this losing component on their business.

While I believe that there are a few teams losing money I put no stock into the Levitt report, none whatsoever.
The NHLPA finished there audit of the 30 teams last week. They have kept suspiciously silent as to what they found. Their silence makes me believe that they found that the NHL had been telling the truth regarding the millions of dollors of losses per year! If the NHLPA found otherwise the would have been all over the press spouting that the NHL lies etc..etc..

Owners of professional sports teams are extremely wealthy and can afford to lose some money for the privilege of owning a team. That does not mean they want to continue to invest more and more money in a business that has no hope of ever making a profit.

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