HFBoards

Go Back   HFBoards > General Hockey Discussion > The Business of Hockey
The Business of Hockey Discuss the financial and business aspects of the NHL. Topics may include the CBA, work stoppages, broadcast contracts, franchise sales, and NHL revenues.

New Sharks Owner - You cannot make money with a hockey team!

Reply
 
Thread Tools
Old
02-01-2013, 09:18 PM
  #1
Melrose Munch
Registered User
 
Melrose Munch's Avatar
 
Join Date: Mar 2007
Posts: 14,278
vCash: 500
New Sharks Owner - You cannot make money with a hockey team!

http://www.csnbayarea.com/blog/kevin...ey-hockey-team

And there it is. The truth hurts

Melrose Munch is offline   Reply With Quote
Old
02-01-2013, 09:25 PM
  #2
MoreOrr
B4
 
MoreOrr's Avatar
 
Join Date: Jun 2006
Location: Mexico
Country: Canada
Posts: 17,998
vCash: 500
Quote:
Originally Posted by Melrose Munch View Post
And it is the truth, for a great many teams in the League. In general, no owner of an NHL franchise should be in it to make money. The primary objective should be simply not to consistantly lose money. If they break even, they should consider themselves fortunate; as long of course that they're in it for the love of the game.

And those few that actually make money... Congrats, you hit it big getting into the few markets that allow that to happen.

MoreOrr is offline   Reply With Quote
Old
02-01-2013, 09:27 PM
  #3
Gotaf7
Registered User
 
Gotaf7's Avatar
 
Join Date: Nov 2011
Location: Winterpeg
Country: Canada
Posts: 553
vCash: 50
The title should read "You can't make money with a hockey team in a non-traditional market" Then I would agree!

Gotaf7 is offline   Reply With Quote
Old
02-01-2013, 09:33 PM
  #4
Glacial
Registered User
 
Join Date: Jan 2013
Posts: 620
vCash: 500
Quote:
Originally Posted by Melrose Munch View Post
Tell that to the Leafs & Rangers.

Glacial is offline   Reply With Quote
Old
02-01-2013, 09:35 PM
  #5
jumptheshark
Give the dog a bone
 
jumptheshark's Avatar
 
Join Date: Oct 2003
Location: hf retirement home
Country: United Nations
Posts: 52,417
vCash: 1599
Quote:
Originally Posted by Gotaf7 View Post
The title should read "You can't make money with a hockey team in a non-traditional market" Then I would agree!
this would be my reaction

Leafs are worth a billion or something now

__________________
not sure how--but the fish just jumped in the boat and put the hook in it's mouth
52299/14814
The twenty year rebuild is on!!! Embrace the suck
jumptheshark is offline   Reply With Quote
Old
02-01-2013, 09:37 PM
  #6
Confucius
Registered User
 
Confucius's Avatar
 
Join Date: Feb 2009
Location: Toronto
Country: Canada
Posts: 9,474
vCash: 500
Quote:
Originally Posted by MoreOrr View Post
And it is the truth, for a great many teams in the League. In general, no owner of an NHL franchise should be in it to make money. The primary objective should be simply not to consistantly lose money. If they break even, they should consider themselves fortunate; as long of course that they're in it for the love of the game.

And those few that actually make money... Congrats, you hit it big getting into the few markets that allow that to happen.
Beware your partners are coming with their hands out.

Confucius is offline   Reply With Quote
Old
02-01-2013, 09:40 PM
  #7
matCH penalty
Registered User
 
Join Date: May 2011
Country: Canada
Posts: 1,077
vCash: 500
It's not news that American franchises generally can't stay healthy without a sweetheart deal from its home municipality and/or a billionaire with more love for the game/the team than his net worth. It's nice to hear it publicly, though.

There's no CBA fix to this, either. Unless you'd like to turn the league into the MLS and watch all the talented players flee to the KHL. The NHL needs to shed some bad markets.

matCH penalty is offline   Reply With Quote
Old
02-01-2013, 09:41 PM
  #8
Confucius
Registered User
 
Confucius's Avatar
 
Join Date: Feb 2009
Location: Toronto
Country: Canada
Posts: 9,474
vCash: 500
NHL was a great biz for two of the three founding cities. Montreal and Toronto have raked it in for a century now. Not to mention all the local lads from the two cities that have made a great living from the game over the last half century.

As with any business it's great for the guys in on the ground floor. A struggle for the Johnny come lately's.

Confucius is offline   Reply With Quote
Old
02-01-2013, 09:42 PM
  #9
MoreOrr
B4
 
MoreOrr's Avatar
 
Join Date: Jun 2006
Location: Mexico
Country: Canada
Posts: 17,998
vCash: 500
Quote:
Originally Posted by Stix and Stones View Post
Beware your partners are coming with their hands out.
As long as the wealth of the few keep pushing the cost of competing higher for all. So yes, that's the cost of being part a League. And if that League hadn't grown, then even those wealthy few wouldn't be make the quantities of money that they're making today.

MoreOrr is offline   Reply With Quote
Old
02-01-2013, 09:43 PM
  #10
Kloparren
Hth
 
Kloparren's Avatar
 
Join Date: Jan 2010
Country: Canada
Posts: 10,449
vCash: 500
Somewhere Gary Bettman is wincing after hearing an owner say that. Hope the PA keeps track of it for the next CBA negotiations.

Kloparren is offline   Reply With Quote
Old
02-01-2013, 09:44 PM
  #11
Melrose Munch
Registered User
 
Melrose Munch's Avatar
 
Join Date: Mar 2007
Posts: 14,278
vCash: 500
Quote:
Originally Posted by MoreOrr View Post
And it is the truth, for a great many teams in the League. In general, no owner of an NHL franchise should be in it to make money. The primary objective should be simply not to consistantly lose money. If they break even, they should consider themselves fortunate; as long of course that they're in it for the love of the game.

And those few that actually make money... Congrats, you hit it big getting into the few markets that allow that to happen.
Quote:
Originally Posted by matCH penalty View Post
It's not news that American franchises generally can't stay healthy without a sweetheart deal from its home municipality and/or a billionaire with more love for the game/the team than his net worth. It's nice to hear it publicly, though.

There's no CBA fix to this, either. Unless you'd like to turn the league into the MLS and watch all the talented players flee to the KHL. The NHL needs to shed some bad markets.
And this is my point, there's no salary cap to fix this, or revenue sharing. The NHL does not make money. End of story.

Melrose Munch is offline   Reply With Quote
Old
02-01-2013, 09:44 PM
  #12
Stanley Cup
Bettman's ice bucket
 
Stanley Cup's Avatar
 
Join Date: Jul 2010
Location: Quebec City
Country: Martinique
Posts: 1,585
vCash: 58
Quote:
Originally Posted by MoreOrr View Post
And it is the truth, for a great many teams in the League. In general, no owner of an NHL franchise should be in it to make money. The primary objective should be simply not to consistantly lose money. If they break even, they should consider themselves fortunate; as long of course that they're in it for the love of the game.

And those few that actually make money... Congrats, you hit it big getting into the few markets that allow that to happen.
Bing! Also what I think.

Stanley Cup is offline   Reply With Quote
Old
02-01-2013, 09:44 PM
  #13
Confucius
Registered User
 
Confucius's Avatar
 
Join Date: Feb 2009
Location: Toronto
Country: Canada
Posts: 9,474
vCash: 500
Quote:
Originally Posted by Kloparren View Post
Somewhere Gary Bettman is wincing after hearing an owner say that. Hope the PA keeps track of it for the next CBA negotiations.
Good point!! It should help Gary sell teams in the future

Confucius is offline   Reply With Quote
Old
02-01-2013, 09:46 PM
  #14
Melrose Munch
Registered User
 
Melrose Munch's Avatar
 
Join Date: Mar 2007
Posts: 14,278
vCash: 500
Quote:
Originally Posted by MoreOrr View Post
As long as the wealth of the few keep pushing the cost of competing higher for all. So yes, that's the cost of being part a League. And if that League hadn't grown, then even those wealthy few wouldn't be make the quantities of money that they're making today.
That's mostly coming from the Canadian market You can't say for sure that if there was 2 leagues, the US and Canada being separate, the US would be making money.

Melrose Munch is offline   Reply With Quote
Old
02-01-2013, 09:47 PM
  #15
Hero
Raptors 13/14
 
Hero's Avatar
 
Join Date: Jul 2009
Posts: 18,867
vCash: 50
The leafs rags and habs disagree.

Hero is offline   Reply With Quote
Old
02-01-2013, 09:54 PM
  #16
Undertakerqc
Registered User
 
Undertakerqc's Avatar
 
Join Date: Dec 2011
Posts: 3,282
vCash: 500
Quote:
Originally Posted by Glacial View Post
Tell that to the Leafs & Rangers.
And the Habs

Undertakerqc is offline   Reply With Quote
Old
02-01-2013, 09:58 PM
  #17
Melrose Munch
Registered User
 
Melrose Munch's Avatar
 
Join Date: Mar 2007
Posts: 14,278
vCash: 500
For all of you mentioning The Rangers and Flyers, funny how those markets are are good sports market and the trouble markets have issues in the other 3 leagues as well as the NHL. This is larger then hockey, some place are not pro sports markets.

Melrose Munch is offline   Reply With Quote
Old
02-01-2013, 09:59 PM
  #18
Pinkfloyd
Registered User
 
Pinkfloyd's Avatar
 
Join Date: Oct 2006
Location: Roseville
Country: United States
Posts: 31,963
vCash: 2283
Talk about taking a comment out of context. That was a tongue-in-cheek statement. Sharks have been a money-maker for quite some time and the losses they claimed last year is team operations and not the entire business model.

Pinkfloyd is offline   Reply With Quote
Old
02-01-2013, 09:59 PM
  #19
scotchex
Registered User
 
Join Date: Oct 2008
Posts: 551
vCash: 500
Quote:
Originally Posted by hero View Post
The leafs rags and habs disagree.
Have fun with a 3 team league.

scotchex is offline   Reply With Quote
Old
02-01-2013, 10:00 PM
  #20
Coramoor
Registered User
 
Join Date: Aug 2011
Country: Canada
Posts: 453
vCash: 500
Quote:
Originally Posted by Pinkfloyd View Post
Talk about taking a comment out of context. That was a tongue-in-cheek statement. Sharks have been a money-maker for quite some time and the losses they claimed last year is team operations and not the entire business model.
Yup, once you add arena management and concessions and parking, etc, you do quite well

Coramoor is offline   Reply With Quote
Old
02-01-2013, 10:07 PM
  #21
Confucius
Registered User
 
Confucius's Avatar
 
Join Date: Feb 2009
Location: Toronto
Country: Canada
Posts: 9,474
vCash: 500
Quote:
Originally Posted by scotchex View Post
Have fun with a 3 team league.
Well we'd have to include Ottawa again. Rinse, repeat...

Confucius is offline   Reply With Quote
Old
02-01-2013, 10:14 PM
  #22
danishh
Dat Stache
 
danishh's Avatar
 
Join Date: Dec 2006
Location: mtl/ott/somewhere
Country: Canada
Posts: 29,654
vCash: 50
today, he's right, but i'm looking forward to 2015.

By then, islanders revenue goes up by 20M, phoenix revenue goes up by 20M or is sent to a city that increases revenue even more.

Suddenly, you're looking at a league with no huge revenue-sharing recipients. What that means is that each of the bottom 15 revenue teams gets enough revenue sharing to break even, or more. As long as those bottom 15 teams spend around the midpoint, they will be able to make money. If an owner like plattner insists on increasing their budget beyond that point, sure, they'll lose money, but that's their choice.


Unless revenue-sharing is significantly increased (and focused on the top revenue teams even more), there's always going to be problems in this league with teams like toronto, montreal, and new york having such a huge revenue advantage over the rest, but I think by eliminating the bottom revenue-sharing-sinks, every team in the league can be healthy.

__________________
RIP Kev.
danishh is offline   Reply With Quote
Old
02-01-2013, 10:14 PM
  #23
thom
Registered User
 
Join Date: Mar 2012
Posts: 1,987
vCash: 500
Do research on what Montreal Canadiens and Toronto Maple leafs make.Incredible amounts.Read the book or watch the movie Net Worth about how in the 6 team league clubs were making millions of dollars and paying players crap.The connection of norris family to the mafia is well known.The movie stars the late canadian actor Al Waxman to my american friends he was on cagnie and lacy a tv show in the 80's.

thom is offline   Reply With Quote
Old
02-01-2013, 10:23 PM
  #24
joelef
Registered User
 
Join Date: Nov 2011
Posts: 382
vCash: 500
Time to move the sharks to yellowknife will they will make a crap ton of money.

joelef is offline   Reply With Quote
Old
02-01-2013, 10:30 PM
  #25
PanthersHockey1
Avs Bandwagon
 
PanthersHockey1's Avatar
 
Join Date: Mar 2010
Location: UF & Boca Raton
Country: United States
Posts: 5,488
vCash: 500
Quote:
Originally Posted by Gotaf7 View Post
The title should read "You can't make money with a hockey team in a non-traditional market" Then I would agree!
so then the reason QC and hartford and Winnipeg lost their teams the first time around was?

PanthersHockey1 is offline   Reply With Quote
Reply

Forum Jump


Bookmarks

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 09:05 AM.

monitoring_string = "e4251c93e2ba248d29da988d93bf5144"
Contact Us - HFBoards - Archive - Privacy Statement - Terms of Use - Advertise - Top - AdChoices

vBulletin Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
HFBoards.com is a property of CraveOnline Media, LLC, an Evolve Media, LLC company. 2014 All Rights Reserved.