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09-03-2012, 04:43 PM
Join Date: Apr 2007
Originally Posted by
Snider is a big hypocrite. He is on the side that is claiming the system is broken when no one abused it more than he did. He wants to take the hockey season from us to prevent what he has been doing all along. The only thing the owners proposal does is line his pockets with more money. Meanwhile the Flyers justify increases in ticket prices claiming the costs are rising when they were paying more on player salaries prior to the last lockout than they have been in the last 7 years.
Snider hasn't done anything wrong. You can claim the system is broken and then take advantage of it, because, frankly, that's the cards dealt. People work within the system provided to their advantage or somebody else will. He's one guy with a lot of pull, but he can't force the rest of the owners to capitulate.
He's a businessman. It's his job to make money. Nothing wrong with it.
You do realize that, after all costs, the Flyers only made 3.2 million, right? They actually lost -4% in value. Snider is running the team almost breaking even, using the growing value of NHL teams as a buffer against inflation. Having a team is like owning real estate. It tends to grow at the same rate as taxes + inflation, so your invested money retains its worth, instead of depreciating like most money.
He would also like to make money, in addition to simply being afforded the luxury of running a team. I would be enraged if I could only break even while small market teams began to black hole the profits and then wanted more revenue sharing. You don't work, then fold.
Revenue sharing would make the Flyers go into the negative per year. The big teams to actually take money from aren't the Flyers. They are the Leafs, Rangers, and Canadians, whose combined earnings top the entire rest of the league.
Snider spends money-- he doesn't make much of anything on the Flyers.
The average hockey team is worth 5% more than last year. To beat inflation and taxes, you have to hit 7%.
Snider and the other big market owners are the biggest jokers in all of this.
Yeah, it's crazy to be part of a group that purchases a team for over a hundred million dollars and NOT want other groups to drag down the money and value of that investment.
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