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The Flyers lost money last year ... wait, what?!?!

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10-29-2008, 08:00 PM
  #1
MountainHawk
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The Flyers lost money last year ... wait, what?!?!

http://www.forbes.com/lists/2008/31/...ions_Rank.html

Code:
5  	 Philadelphia Flyers 	 275  	 13  	 24  	 102  	 -1.8
Rank, Team, Value (mil), 1 yr change, debt % of value, revenue, income

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10-29-2008, 08:10 PM
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well were still paying Primeau and Rathje?

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10-29-2008, 08:27 PM
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Chain Attack
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Surprising when you consider they made it to the eastern final.
Don't the Flyers sell out every game? Maybe the tickets are just cheaper than most places.

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10-29-2008, 08:36 PM
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JGalt
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Well... They were paying Rathje, Primeau and Gagne on IR. Briere got 10 mil, Timonen got 8, Hartnell got 5.2.

A lot of dollars goin to guys beyond their cap numbers.

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10-29-2008, 08:41 PM
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LEIFey
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go comcast. guess they figure pay now, reap the profits later.

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10-29-2008, 09:33 PM
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when a player is on the IR, does the team pay it, or insurance?

I thought the team was charged the cap hit, but insurance paid for the actual salary (thats what happened with the leafs and berard anyway)

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10-29-2008, 10:23 PM
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AllIsFehrNLoveAndWar
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Well you gotta think that the contracts are frontloaded too. So while the Cap hits are just an average I still think Briere and Timonen made a lot more money last year then they will towards the end of their contract.

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10-30-2008, 12:25 AM
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I dont think Ed Snider cares in the slightest

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10-30-2008, 12:46 AM
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I dont think Ed Snider cares in the slightest
Exactly

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10-30-2008, 08:08 AM
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Uncle Ed pays that bill with his pocket change.

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10-30-2008, 08:09 AM
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As they said, we are still playing players that are not on the roster, add into the fact the front loaded contracts, and thats why you are making a loss. It wont happen for much longer, sometimes you gotta spend money to make money

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10-30-2008, 08:30 AM
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beastly115
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Originally Posted by pass the puck View Post
Surprising when you consider they made it to the eastern final.
Don't the Flyers sell out every game? Maybe the tickets are just cheaper than most places.
Possibly. One of my friends is a huge Flyers fan (we go to school in Florida) and when she looked up ticket prices to see the Flyers/Panthers she flipped out because of how much more expensive they are here than up in Philly.

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10-30-2008, 08:42 AM
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Shoot, when I went to buy Devils tickets last week, their prices were ridiculous. People were selling lower-level seats for over $200 bucks, when they're like $90 here. I couldn't believe it.

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10-30-2008, 10:59 AM
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Shoot, when I went to buy Devils tickets last week, their prices were ridiculous. People were selling lower-level seats for over $200 bucks, when they're like $90 here. I couldn't believe it.
Thats insane, they dont even fill that place.

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10-30-2008, 11:13 AM
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IrishSniper87
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Thats insane, they dont even fill that place.
That might be why.

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10-30-2008, 11:19 AM
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Quote:
Originally Posted by MountainHawk View Post
http://www.forbes.com/lists/2008/31/...ions_Rank.html

Code:
5  	 Philadelphia Flyers 	 275  	 13  	 24  	 102  	 -1.8
Rank, Team, Value (mil), 1 yr change, debt % of value, revenue, income
What this data doesnt show is that Bud Bettman fined the Flyers 2 Million dollars for having Steve Downie on the team.

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10-30-2008, 12:41 PM
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GKJ
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Flyers lose money but Comcast makes it hand over fist.

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10-30-2008, 03:43 PM
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Originally Posted by go kim johnsson 514 View Post
Flyers lose money but Comcast makes it hand over fist.
I'm actually curious as to how they define all that revenue...given that the "Flyers" do not get money from a TV station to air their games.

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10-30-2008, 03:50 PM
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I'm actually curious as to how they define all that revenue...given that the "Flyers" do not get money from a TV station to air their games.
True

That statement alone might mean the Flyers actually generated a whole lot MORE money then most of other clubs.

Add in the fact they paid the fine, and players who aren't even here anymore, as well as front-loaded contracts and only lost 1.8 WITHOUT TV revenue included actually means the Flyers did well last year.

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10-30-2008, 03:53 PM
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mm6492
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our TV rev. is THROUGH THE ROOF but not actually counted

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10-30-2008, 04:02 PM
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IrishSniper87
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Originally Posted by mm6492 View Post
our TV rev. is THROUGH THE ROOF but not actually counted
It is when looked at the actual value of the team.

5th in the NHL

behind

Toronto Maple Leafs
N.Y. Rangers
Montreal Canadiens
Detroit Red Wings

ALL ORIGINAL 6 TEAMS!!!!!

In fact, our organization is 40 years younger then all of the teams in the top 4.

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10-30-2008, 04:08 PM
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Originally Posted by Tiger73549 View Post
It is when looked at the actual value of the team.

5th in the NHL

behind

Toronto Maple Leafs
N.Y. Rangers
Montreal Canadiens
Detroit Red Wings

ALL ORIGINAL 6 TEAMS!!!!!

In fact, our organization is 40 years younger then all of the teams in the top 4.
We might pass detroit if the american car sales continue to fall, theerfore putting a strain onto there economy. I also heard that even when Detroit is good, they do not sell out alot of games. Is this true?

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10-30-2008, 04:36 PM
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JLHockeyKnight
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That might be why.
They have other reasons.

Like plopping their stadium right into the middle of one of the more dangerous cities in NJ.

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10-30-2008, 04:38 PM
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JLHockeyKnight
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Originally Posted by Tiger73549 View Post
True

That statement alone might mean the Flyers actually generated a whole lot MORE money then most of other clubs.

Add in the fact they paid the fine, and players who aren't even here anymore, as well as front-loaded contracts and only lost 1.8 WITHOUT TV revenue included actually means the Flyers did well last year.
Plus, I can't tell if that's just ticket sales? Did they include Concessions? T-shirts, jerseys, etc? Licensing of their logo?

I guarantee if you threw TV revenue in they'd be in the positive.

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10-30-2008, 04:50 PM
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IrishSniper87
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Originally Posted by JLHockeyKnight View Post
Plus, I can't tell if that's just ticket sales? Did they include Concessions? T-shirts, jerseys, etc? Licensing of their logo?

I guarantee if you threw TV revenue in they'd be in the positive.
Uh, yeah.

I think Forbes included everything (concessions, jerseys, t-shirts, ect.). However, with the way the Flyers TV deal is set-up due to Comcast owning them, I don't think the Flyers get "credited" with their TV revenue in their "operating budget" since they don't get paid a TV contract.

This makes sense since Comcast already owns the channel and the team. Why pay the team you own to broadcast their games on channels you own?

Forbes would be unable to count this in the operating income for the Flyers, as TV revenue would be included in Comcast-Spectacors operating budget.

However, TV revenue is very evident in the fact the Flyers are worth the 5th highest amount in the NHL, only behind 4 of the "Original 6" teams.

So technically, the Flyers did in-fact generate lots of money last year.

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