Panther's arena had net income of ~$90mm from 1998-2008
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12-11-2012, 03:29 PM
Join Date: May 2012
Originally Posted by
No Fun Shogun
Well, if the current ownership ever wants to sell but keep everything else they have, then you might have a point. Doubt that someone would want to buy them and keep them in that market without all the ancillary revenue streams that they have access to.
But, as that isn't the case, the fact that the team probably doesn't have stable legs on its own doesn't matter. The current ownership isn't looking to sell or move. That's pretty much the only criteria there is for potential relocation.
If that were the case though, then why would the parent company keep owning the team if it was just a massive money sink with no end in sight, knowing full well that they could've easily gotten a hundred million+ dollars from Winnipeg up until the Thrashers moved and from Quebec City now? Somehow doubt that the desire to just own a pro sports team is the only thing keeping them in the game here.
The differences are meaningless if the team's being used as a loss-leader for their arena management rights and regional real estate development plans.
We agree on most points. I never suggested Florida was a possible target for relocation but I was trying to clarify that the earnings for the parent company of the hockey franchise are made in large part because of business transactions that have almost nothing to do with hockey operations or the franchise.
Some posts imply or seem to imply that the Panthers make money when they don't. SSE makes money from their company managing the arena and the Panthers are tied to it.
I don't think the Panthers are going to be a relocation target anytime soon and the arena management rights will be tied to the franchise for a long time based on how things are going.
No matter what anybody does, the Panthers will be hard pressed to make money but that doesn't mean they aren't a viable and stable franchise right now because the franchise doesn't sit on an island by itself.
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