Contraction a necessary evil for survival of NHL says economist
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12-15-2012, 04:41 PM
Join Date: Oct 2010
Location: North Arlington, NJ
Originally Posted by
The devils being mentioned is interesting in that they are coming off a 17 run of great success including 3cups but they still couldnt build a significant fanbase and are teetering on the brink of bankruptcy even coming off that sustained run!!!
And that is with a brand spanking new building in the middle of a huge transit hub!
They were in the black and made a profit with hockey.
You are aware that the debt issue is the result of Lehman Bros and the financial crisis, while investing a ton of money into a new arena. They brought in more revenue last season then the Pens are Senators, and the season before that while being awful still pulled decant revenue without making the playoffs.
What sense would it make to contract a team that is profitable and growing (as opposed to losing money and shrinking), is normally in the top ten in revenue with a + operating income, when their financial problem is too much money tied to an new arena and ownership issues? That would just mean the NHL would have to put up the money anyway, and would never get anything in return.
If anything it would make far more sense to contract the Islanders, and even that does not seem necessary given that they arent a burden on revenue sharing anyway.
*I'm guessing you're still upset about the playoffs*
Last edited by Jossipov: 12-15-2012 at
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