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The Business of Hockey Discuss the financial and business aspects of the NHL. Topics may include the CBA, work stoppages, broadcast contracts, franchise sales, expansion and relocation, and NHL revenues.

Revenue Reporting

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11-19-2012, 08:20 AM
  #1
JaymzB
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Revenue Reporting

I was looking through some older articles’ on the Sale of the Canadiens to the Molson Family, and I found a little comment in an article by the Globe and Mail:

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Documents that leaked out during the sale process pegged the Canadiens' annual revenues, as of 2007-'08, at $288 million, and the concert promotion company's receipts at roughly $100 million. It's safe to assume the $45-million operating profit the team declared has since improved. The same is true of the $10-million profit from the entertainment group, now known as Evenko.
http://m.theglobeandmail.com/report-...service=mobile

It should be noted that in 2009, Forbes had the Canadiens at $130M in revenue, and an operating income of $31.3M.

http://www.forbes.com/lists/2009/31/...ns_314528.html

Now, how can the disparity be explained? Is it possible the revenue # outlined by the Globe and Mail includes non HRR? It seems obvious that they have separated the concert promotion business out of the picture. Additionally, given the large disparity in Revenue numbers between the 2 publications, it is interesting that the reported income does not have as large a proportional difference.

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11-19-2012, 09:18 AM
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DuklaNation
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The detail is non-existent here TBH. Operating is not net. Revenue applicable to player's share is different than the corporate reported figure. Accounting vs tax is also different. But I digress. Bottom line, we dont have the necessary detail. And neither does Forbes. Never have and never will.

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