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09-19-2004, 02:58 AM
  #3
Street Hawk
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Join Date: Feb 2003
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Substitution Effect...

Quote:
Originally Posted by mdoak
This was originally in response to another post, but as I wrote it, I realized it wasn't a bad idea for its own post:

That the Owners lose much less $ (just arena fees, taxes, administration fees) than if they have a team. Who is really getting the shaft are the resturaunt/parking lot owners in the 30 cities arena disctricts. How is this going to be resolved? Form a nationwide union of buisness owners in the arena district and open a lawsuit against both the NHLPA and NHL owners for monatary and punitive damages because of the lockout for lost revenue. For example, 40 buisnesses from LA, 40 from NYC and 30 from 10 other large market cities. That would 340 buisnesses, who is my estimation, on average, could claim .5 million on average loss in buisness every month. Take that and put it at 3 months. Thats a 510 million dollar lawsuit, just in monatary damages. Add to that court fees, other expenses, it could get very ugly quickly

Overall, This could have one of three effects:
#1. Force both sides to sit down and get a settlement
#2. Break the NHLPA
#3. Fold the NHL.
Something from Econ. Yes, businesses that benefit from hockey will suffer, and that means sports bars, taxis, hotels, etc. But, hockey fans will use that money elsewhere in the economy. They may shift their dining from sports bars to family restaurants or casual dining with a girl. Maybe, spend a weekend at a nice local resort somewhere. Take in other events.

So, a good chunk of the hockey money people spend will be used, just not where they typically would. It will be spent in other business sectors.

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