: News Article:
Sharks Ticket Price Increases Coming, Changes for 2012-2013
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05-08-2012, 12:36 PM
Join Date: Feb 2005
Location: San Jose
Originally Posted by
Take what they, and the Sharks, say with a very big grain of salt. The Sharks are always quite specific - they claim that the Sharks are losing money. They are completely silent on whether SVSE is profitable (nor how revenues/expenses are split between the two). When I explicitly asked Greg Jaimison (at a STH breakfast) about the then recent claims of Sharks losses and whether SVSE was profitable on the arena he gave me a sheepish grin while dancing his way through a no comment.
The question to which you might get an answer is "How many years have the owners had to make a cash infusion or take a loan to support the entire entity?" An answer of 3 or less would say they are doing fine. STH drop on the year following the Nolan/Sutter/Lombo debacle, lockout year and the year they raised payroll and lost to the Ducks in the first. They might have lost when they lost two minor sports in one year (arena football and one other).
We need to remind all that they are spending significantly on capital projects like ice rinks, the ad ribbon, etc.
They really can't hide revenue as there are proscriptions in the CBA but they can shift expenses to their hearts' desire.
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