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05-08-2012, 09:57 PM
  #65
one2gamble
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Quote:
Originally Posted by Stickmata View Post
Silicon Valley Sports and Entertainment is not just the Sharks. Forbes had access to the NHL financial statements when they did their study of all the NHL teams and it was quite accurate. SVSE might be making money, but the Sharks themselves are not, and that is including game concession revenue. They could be if they cut payroll a bit. They are a break even business at best, which is actually success in terms of pro hockey team ownership. But the idea that the Sharks are making a bunch of money is ridiculous.
SVSE can easily move arena maintenance and management as well as sharks ice expansion and maintenance etc to the Sharks as an expense. Those are two main ones but there are probably a few hundred other expenses that the Sharks eat that are really SVSE overhead.

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