Very great editorial today in La Presse
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09-14-2004, 05:36 PM
Join Date: Feb 2002
Originally Posted by
the Pittsburgh Penguins ARE NOT one of the teams talked about in the 6 teams losing 76% of the money the NHL suggested it lost last season...
if you look at the Levitts report the Pens are the team that lost the least that year
since Mario has owned the team the Pens have made money or broke even for the first 3 years, not alot but some, then the next 2 years when they started to decline the lost money but only somewhere around 3-5 million
the Pens have been very honest about what the lost this year and the year before and both times they stated it was below or about 5 million
I'm not sure where some of you get your information but the Pens are the one team that actually runs its team like business...which is the reason we sold off players, because we could not afford to pay the 5-11 million the all wanted
Yeah, I mentioned them before, and I just saw the Forbes report today. They still have a terrible arena lease.
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