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Wild in Financial Trouble

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Old
05-03-2011, 12:45 PM
  #26
UMD05
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Originally Posted by Jarick View Post
Right, I was going to say...how much should Schultz be making? He's only at $3.5m. He could be overpaid by maybe $1m at most? At MOST.
Not so much that it can't be offset by ELCs hopefully in the near future.

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05-03-2011, 12:49 PM
  #27
BigT2002
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Originally Posted by saywut View Post
As for this financial trouble, sounds like Leipold/Fletcher can use this as an excuse to no longer spend near the cap, and then when we miss the playoffs Fletcher might get to keep his job because not spending to the cap can be his excuse. Sounds like a good plan....
While your theory would have a leg to stand on, I don't think any prominent business man is going to let that happen. To quote a famous line from Casino:

"....he didn't look at it as winning $5k, he saw it as losing $30k..."

You don't join the billion dollar sports industry unless you plan on making some serious bank on it.

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05-03-2011, 04:06 PM
  #28
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Originally Posted by BigT2002 View Post
While your theory would have a leg to stand on, I don't think any prominent business man is going to let that happen. To quote a famous line from Casino:

"....he didn't look at it as winning $5k, he saw it as losing $30k..."

You don't join the billion dollar sports industry unless you plan on making some serious bank on it.
Right but Leipold already sold one franchise because he was losing money. If he doesn't like the way things are going, he could certainly pull the plug again, and if he can't sell immediately, he's going to want to spend less.

It is a good excuse though for Fletcher if he doesn't sign anyone in free agency.

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05-03-2011, 04:35 PM
  #29
nickschultzfan
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My impression is that Leipold wants a winning hockey franchise that also makes money. He couldn't get that in Nashville. Even if they were winning, they were losing money.

In Minnesota, if the Wild go to the playoffs 1 out of 3 years, Leipold will still make some money. If we go 2 out of 3 years, he'll make a good chunk of money.

Like people said, this year was a bit odd. Lost of money dumped on injured players. Low attendance for the Wild. Lots of boring hockey due to thin roster.

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05-04-2011, 10:14 PM
  #30
LemaireisGOD
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Let's get this straight...

You come pretty close to selling out your building each night and you can't make money? If that's true; as someone said before (and I've said it elsewhere) then the whole league must be a financial nightmare if the Wild can't make it. I am not going to say that the Wild didn't lose some money, but I doubt management is wondering if it can make payroll this season.

Someone was talking about insurance and Bozak said he confirmed this is how insurance works in the NHL. How do you know this for certain?

Going back to what I originally wanted to talk about; the reason Naegle dumped the team was because the fans were no longer satisfied fielding a lineup with a bottom 4 payroll. When these people finally had to pay for some quality he wanted out; he wasn't going to make a giant killing from the regular season so they sold it, made another fortune and became token minority owners.

As for Falcone; Leipold certainly isn't always having a lot of luck with 'investors' after he picked William 'Boots' Del Biaggio who was arrested by the Feds for Fraud after he initially tried to see the Preds to him. OUCH!

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Old
05-05-2011, 09:38 AM
  #31
bozak911
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Originally Posted by LemaireisGOD View Post
Someone was talking about insurance and Bozak said he confirmed this is how insurance works in the NHL. How do you know this for certain?
Because I know one of their insurance handlers...

Another friend of mine works for CBC and there was a major "investigative journalism" piece done on NHL insurance rules about a year and a half ago. Essentially, the team she was working with on the production of the piece was trying to find dirt to tarnish the NHL with, but they failed. All of the insurance that the NHL carries for players, etc, is all legal. Outside the borders of Canada, but legal.

Bwahaha.

Liberal media FTL.

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05-05-2011, 09:40 AM
  #32
Barney Gumble
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Originally Posted by BigT2002 View Post
2) You can only buy so much stuff before you have everything so to speak. Without things like the Finland trip, the Decade patches, etc....there wasn't something new this year that you HAD to have. I wonder how much money Chicago made off of merchandise sales during the playoffs - offseason this year. I know my friend got a personalized "yearbook" from the team that cost around $600 and it was only offered to STH's. Considering the team hadn't won a cup in over 40 years, you know damn well a majority of them picked that up.
I could be wrong, but isn't their some kind of revenue sharing with respect to merchandising sales?

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Old
05-05-2011, 04:50 PM
  #33
nickschultzfan
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Quote:
Originally Posted by bozak911 View Post
Because I know one of their insurance handlers...

Another friend of mine works for CBC and there was a major "investigative journalism" piece done on NHL insurance rules about a year and a half ago. Essentially, the team she was working with on the production of the piece was trying to find dirt to tarnish the NHL with, but they failed. All of the insurance that the NHL carries for players, etc, is all legal. Outside the borders of Canada, but legal.

Bwahaha.

Liberal media FTL.
LOL.

From my experience, journalism is a dead, dead profession (aside from journalism related to transparent events like sports). A bunch of people who want to change the world, not by actually changing it, but changing the reporting of it.

Edit - Example: I was vacationing in New Orleans during the peak of the BP oil spill, when the President visited, and everybody, himself included, was just playing the pointing-fingers game. I was interviewed by the AP about my thoughts on it. The entire time, I kept getting asked about "who do you blame?" about the spill. I kept responding, "That doesn't matter right now. What matters is stopping and fixing the problem. There will be plenty of time to find who is to blame later." Which the guy was clearly not interested in hearing. He kept being like "oh ok, but seriously, who do you think is at fault? Don't you blame BP for what they've done." One of the strangest events of my life. He didn't quote me in the paper. I found the story a few days later, with a bunch of quotes from people about who was the bad guy in the episode.


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Old
05-08-2011, 04:26 PM
  #34
LemaireisGOD
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If memory serves me correctly...

Quote:
Originally Posted by Barney Gumble View Post
I could be wrong, but isn't their some kind of revenue sharing with respect to merchandising sales?
There is a limited time period where any new piece of merchandise reaps profits for the franchise before the NHL gets most of those profits. I want to say its either 6 months or a year long window.

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Old
05-10-2011, 11:52 AM
  #35
TaLoN
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Losing money does not mean the team is in financial trouble. MSE makes money. The Wild are owned by MSE. The Wild within MSE is losing a couple mil.

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