"The franchise has never made a profit"
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02-02-2013, 01:32 PM
Join Date: Aug 2012
Originally Posted by
I'm trying to make heads or tails of this...
I was listening to In the Slot on NHL Radio, with Scott Laughlin, Phil Esposito, and guest by phone Bill Watters.
They were sent off on a tangent, talking about some of the economics of the NHL, when Scott Laughlin said, paraphrased:
The franchise has never made a profit in its 45-year history. He was talking about the St. Louis Blues.
I did Google the Blues "profits", and found some articles that estimated they'd made about $1 million in 05-06, but nothing more. I know from back in the Saloman days and the Ralston Purina days the team was operating at a loss.
I throw this piece of info to discuss, as I feel it's a damning piece of evidence to translate to other markets with similar size and demographic, such as Kansas City.
I always thought the Blues was a mid revenue team. So you mean they literally never turned a profit?
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