HFBoards

Go Back   HFBoards > NHL Western Conference > Central Division > Nashville Predators
Mobile Hockey's Future Become a Sponsor Site Rules Support Forum vBookie Page 2
Notices

NHL reports 300 million dollar losses

Closed Thread
 
Thread Tools
Old
09-19-2003, 02:48 PM
  #1
SmokeyClause
Registered User
 
Join Date: Feb 2002
Location: Miami, FL
Country: Cuba
Posts: 9,999
vCash: 500
Send a message via AIM to SmokeyClause
NHL reports 300 million dollar losses

Quote:
From the AP:

NHL teams posted record losses of nearly $300 million last season, according to figures distributed to owners this summer.

That was an increase of 35 percent from the $218 million in operating losses incurred by the league last year.

The losses are blamed on soaring player salaries. Without a salary cap, the NHL spent 76 percent of $1.93 billion in revenue on players salaries and benefits. That is a greater percentage than in the NBA, NFL or major league baseball.

"This is a level at which no business can survive," Bill Daly, the NHL's chief legal officer, told The Wall Street Journal in an article about league finances. "The league will lose teams and players will lose jobs if we can't fix this."

...

http://sports.espn.go.com/nhl/news/story?id=1619309

SmokeyClause is offline  
Old
09-19-2003, 02:50 PM
  #2
SmokeyClause
Registered User
 
Join Date: Feb 2002
Location: Miami, FL
Country: Cuba
Posts: 9,999
vCash: 500
Send a message via AIM to SmokeyClause
I think the owners should pull ahead in this one. They have what the NHLPA doesn't and that's public sentiment. The hockey public seems to think it's the players salaries that are the problem, so either the NHLPA does a little reputation management (which I'm not sure they are capable of), they just bite the bullet and bow to the owners or they kill hockey. It's their choice.

SmokeyClause is offline  
Closed Thread

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 07:17 PM.

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.