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11-17-2011, 01:55 PM
  #23
Illinihockey
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Quote:
Originally Posted by sketch22 View Post
I thought the team was still technically *losing* money because of the loans Wirtz Corp had given to keep the team afloat when Rocky first took over are still being paid off. So the team is making money, but its still going to take a few years to pay back the loans from Wirtz Corp. I am trying to find the link, but I remember reading something along those lines.
Its an accounting trick. Wirtz owns 50% of the United Center. The Hawks are paying Wirtz to use the building so while its showing a liability to the Hawks, its not showing that the money is going directly back into Wirtz's own pocket.

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