View Single Post
Old
11-23-2012, 09:52 PM
  #12
Lowe in Oil
Registered User
 
Lowe in Oil's Avatar
 
Join Date: Aug 2006
Location: Montreal
Country: Canada
Posts: 2,583
vCash: 500
Quote:
Originally Posted by Hockey Fan #751 View Post
Thing is, owners would have lost $180 million in 10 days but how much of that ends up back in their pockets? Last year the league as a whole made $125 million in profit on 3 billion in revenue. That would mean that they lose $720,000 in profit per day.
I find that extremely hard to believe.

Actually I do not believe it at all.

It's impossible.

I read an article earlier this week that examined the area the Panthers play in and the profit that arena makes. They looked at each year for the past 10 years. During the last lockout, that arena's profits took a dive. How could profits go down if the Panthers don't make any, seeing as they're one of the have-not teams?
Also, how to rich billionaires keep buying NHL teams if they continually lose money? These businessmen are billionaires for a reason. They aren't stupid. They won't buy a team that is not profitable.

Losing money, and actually losing money are two very different things.

The Oilers are currently losing money (because if they were in a new arena, they could be making more) but they aren't actually losing money. No one in their right mind would buy something for $200 million if it didn't make any money.

Lowe in Oil is offline   Reply With Quote