New Sharks Owner - You cannot make money with a hockey team!
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02-02-2013, 02:05 PM
South by Southeast
Join Date: Mar 2010
Location: Palm Trees
Originally Posted by
It wasn't all the CAD, though. The arenas in Winnipeg and QC were awful, and Edmonton's arena continues to be awful. When you have an acceptable arena (and preferably a team that gets some coin off of events scheduled at their home arena), a salary cap and revenue sharing make surviving bad times easier. It's not like the MTS Centre, the future QC Amphitheatre, or Scotiabank are suddenly going to fall apart in twenty years. They're acceptable now and will largely remain so for the lion's share of our lifetimes.
A Panthers fan should be well aware of the value of a diversified ownership group and well-visited arena, considering the high status of the BB&T Center is not an insignificant reason why the Panthers are a stable franchise which no educated person legitimately considers to be a relocation candidate.
The CAD could drop again, though. To 65 cents I doubt, but 80 or 85 perhaps if something bad happens. Who knows.
The Whalers had an awful arena, an owner losing a ton of money, a poorly organized league, and a municipality unwilling to give it enough money to stay.
so what youre saying is that there are a myriad of macro and micro economic factors that explain why even a traditional market could fail as well? Hmm sounds a lot like the point I was trying to make.
Whether a team fails because of poor attendance or because it fails because of monetary exchange rate. The point is the same any business can fail.
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