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11-18-2012, 05:14 PM
A Banksy of Goonism
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Join Date: Mar 2010
Location: Pittsburgh
Country: United States
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[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.

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