Owner CBA Leverage
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09-25-2003, 12:24 PM
Join Date: Mar 2002
Originally Posted by
Those that own their own buildings are not going to find it profitable to hold onto them. I doubt that there is a building in the NHL that could be profitable without having its sole NHL tenant play. You can't pay all the operating expenses with revenues from the occasional concert. The owners have to pay taxes, insurance, maintenance, plus the opportunity cost of having their cash sunk into the building.
The Bell Center, like I said previously, would be more profitable without a hockey team than with a hockey team. They could fill the year with events and it pays more than what the Canadiens bring in. It has also been said that the Sens rink would be profitable even without the Sens (I remember that during the sale some buyers wanted the rink without the Sens...). I'm sure that there are other rinks in the same situation.
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