Forbes 2011: Team Values Hit All-Time High
View Single Post
11-30-2011, 06:49 PM
Join Date: Feb 2006
Location: War Memorial Arena
Originally Posted by
Ya really eh? Hopefully Mr Fehr and company can bring down this house of crooked cards.
Well isnt the cap based on league revenues, not profits?
Anyways, the Bruins have a pretty stellar financial system going that allows them to hide profits in different entities, unlike the MLSE where everything is owned by one group.
In boston the Bruins are owned by the Boston Professional Hockey Association, Inc. The TDGarden, parking, and concessions are owned by Delaware North (Owned by Jeremy Jacobs). Jacobs (not the Bruins) own a 20% stake in NESN.
So if looked at as a whole, the Bruins did mighty well this year. But when you pass the money around for accounting purposes. AKA BPHA pays lease of TDGarden to Delaware North, pays Delaware North to manage concessions, etc.
View Public Profile
Morris Wanchuk's albums
Find More Posts by Morris Wanchuk