2012 CBA & Re-alignment: Lockout in Effect. Thanks Gary/Donald! PART II
View Single Post
11-18-2012, 06:14 PM
A Banksy of Goonism
Join Date: Mar 2010
[QUOTE=Chancellor Vitale;55858317]Gallatin: curious what general conclusions you can draw from this in terms of how "struggling owners" might still make a lot of money, not have much of a leg to stand on in terms of "we need to change the CBA to save the game" BS. Although I think we all agree the back-diving contracts aren't good for anyone.
Well any conclusions I would draw from this single data point would probably not have much validity, as I would need at least one other team's Auditor's Report to start a baseline.
With that said, I am struck by the fact that combined the hockey team & arena have been losing money in South Florida, and those losses seem to have excellerated.
So my hypothesis would be something along the lines of; Many NHL teams which also operate arena's and are assumed to be losing money are pobably netting a few million a year afterall. But they are not making bank.
View Public Profile
Find More Posts by Gallatin