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11-16-2012, 01:33 PM
  #727
Wes C Addle
Bernard Shakey
 
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Join Date: Jul 2007
Location: Allentown, Pa
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NHL Lockout: Why do billionaires keep buying teams that lose money?

A good piece on the financial state of the Florida Panthers for anyone that's interested.

http://blogs.edmontonjournal.com/201...at-lose-money/

Quote:
Last year, Forbes estimated that the Panthers lost $7 million. Over the last nine seasons, they calculate the Panthers total losses at $68 million, an average deficit of $7.5 million per season.

Interestingly, the picture that Forbes paints is at odds with that presented by Broward County. Broward County was primarily responsible for the construction of the Panthers’ arena, and as a result gets to look at the books of the organization. According to the county auditor, the organization made $117.4 million in profit between 1998 and 2012.

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