Why the Blackhawks are losing (money)
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06-15-2013, 05:03 PM
Join Date: Dec 2006
what threw me is the : nearly $20M in staff, coaches, and revenue sharing.
staff+coaches shouldnt cost more than 5M-8M (lets say 3-4M for the coach and GM)
that means the hawks are giving significant amounts of revenue sharing money, which means their HRR is considerably higher than this article leads us to believe.
My suspicion is that HRR like parking for games, concessions, arena naming rights (50% with bulls), luxury boxes (50% with bulls), etc are being considered in this article as "United Center" revenues, which for accounting purposes may make sense, but the NHL really treats them as HRR internally.
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