Panther's arena had net income of ~$90mm from 1998-2008
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12-11-2012, 04:54 AM
Join Date: May 2010
Location: Miami, FL
Originally Posted by
Some data to consider.
I went through the Auditors Report of Arena Operations 1998-2008 for this facility a few weeks back. They did really well the first few years they were open, but from 2002-2008 they averaged less than 7mil profit per year.
That's with 10mil per year in Arena development bonds covered by local taxes.
It has commonly been reported the Panthers have lost on average 7.5 mil per season over the last 10 years....
income in 2006 was over 11m. 2007 was over 9m. 2008 was over 8m.
facts: they're awesome.
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