Hartnell & Timonen off to the Flyers
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06-21-2007, 12:14 AM
Join Date: Jun 2005
Location: Nashville, TN
Originally Posted by
Don't cry any tears for Leipold. He didn't lose as much money as he said he did. The management company that ran the arena made a profit all those years.
Sources report over on the NP.com messageboards that between the Predators losses and Powers Management revenue, Leipold lost around $27 million since he has owned the team.
That is a far cry from the $90 million he claimed in the press release announcing the sale, but we still have to admit that $27 million is a hefty sum.
Mods, if you feel this is a violation of the HF Code of Conduct (quoting a messageboard as a source), please feel free to remove this post. I just don't know any other way to put it and if you PM me, I'm sure you will agree that it comes from a highly respected poster with initimate knowledge of the club.
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