Lockout VII: I've walked for miles, my feet are hurting
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01-04-2013, 02:03 PM
Join Date: May 2006
Location: Geographical Oddity
Originally Posted by
First of all,
I am far from convinced that the majority lose money even on paper. We have zero actual evidence of that.
Second, you can lose money on paper and actually not be losing money. Third, a business that loses money can still be a valuable commodity to a vast enterprise - as a tax writeoff, for instance. Fourth, and maybe most importantly, outside of a few teams, the annual profits is not where the real money is. The real money is in franchise values which have been on average going up, and fast. A second lockout could wreck those franchise values. The owners have LOTS to lose.
Ok, let's say you're right - the majority of NHL teams are not losing money. They're making profits, some small and some huge.
Shutting down the season is quite the bluff isn't it?
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