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Are the Oilers losing money or not?

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Old
06-22-2011, 01:38 PM
  #1
Melrose Munch
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Are the Oilers losing money or not?

Katz has said the Oilers are currently losing money but other sources have said otherwise.

Is Katz/ The Oil losing money or not?

Thanks.

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06-22-2011, 01:39 PM
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I can't imagine they are.

If the Oilers are losing money, Rexall is probably making more money.

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06-22-2011, 01:43 PM
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I'm sure the income statement may show a loss but that means sweet f all. So many ways to play with numbers.

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06-22-2011, 01:45 PM
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I doubt that the Oilers are losing money, I don't doubt at all that Katz is losing money though,

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06-22-2011, 01:47 PM
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awesomo
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i think theyll lose money if the cap keeps going up and they have to spend to the floor at least. its kinda nuts, i mean what the hell was the point of the lock out? there are teams that arent competitive financially anymore

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06-22-2011, 01:48 PM
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With revenue sharing and incompetence (Souray) to go with all the lavish expenses, i have no doubt they're in the red, probably even going into the new building.

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06-22-2011, 01:53 PM
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okgooil
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Some one Answer me this. If in fact the Oilers are losing money how is the NHL still in business, the Oilers sell out every game and charge some of the highest prices in the NHL. If the Oilers are losing money then every one is losing money. I don't get it, this just doesnt' add up, I call BS.

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06-22-2011, 01:54 PM
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Quote:
Originally Posted by okgooil View Post
Some one Answer me this. If in fact the Oilers are losing money how is the NHL still in business, the Oilers sell out every game and charge some of the highest prices in the NHL. If the Oilers are losing money then every one is losing money. I don't get it, this just doesnt' add up, I call BS.
Justification to higher ticket prices?

i don't know

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06-22-2011, 01:58 PM
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Quote:
Originally Posted by awesomo View Post
i think theyll lose money if the cap keeps going up and they have to spend to the floor at least. its kinda nuts, i mean what the hell was the point of the lock out? there are teams that arent competitive financially anymore
This team is selling out the arena with ticket prices that are above average. If they are losing money now there is no sense spending public money on an arena because this franchise is doomed.

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06-22-2011, 01:58 PM
  #10
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Quote:
Originally Posted by okgooil View Post
Some one Answer me this. If in fact the Oilers are losing money how is the NHL still in business, the Oilers sell out every game and charge some of the highest prices in the NHL. If the Oilers are losing money then every one is losing money. I don't get it, this just doesnt' add up, I call BS.
The salary cap keeps rising because the teams that receive revenue sharing, count it as earned revenue. If there's a 70 cent Canadian dollar in the near future this could quickly all come crashing down.

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06-22-2011, 01:58 PM
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Originally Posted by awesomo View Post
i think theyll lose money if the cap keeps going up and they have to spend to the floor at least. its kinda nuts, i mean what the hell was the point of the lock out? there are teams that arent competitive financially anymore
Good reduce the number of teams in this league.

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06-22-2011, 01:58 PM
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Quote:
Originally Posted by okgooil View Post
Some one Answer me this. If in fact the Oilers are losing money how is the NHL still in business, the Oilers sell out every game and charge some of the highest prices in the NHL. If the Oilers are losing money then every one is losing money. I don't get it, this just doesnt' add up, I call BS.
no kidding...whenever an owner says they are losing money, and are asked to open the books to prove it...they never do.

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06-22-2011, 01:59 PM
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Originally Posted by Quicksilver ballet View Post
The only way the salary cap can continue to rise like this is if the teams that receive revenue sharing, count it as earned revenue. If there's a 70 cent Canadian dollar in the near future this could quickly all come crashing down.
I'm pretty confident in saying that I doubt that will happen anytime soon. By soon meaning the next 5-10 years.

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06-22-2011, 02:09 PM
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I lost a lot of v-cash on the Oilers over the last few years, that's for sure.

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06-22-2011, 02:11 PM
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Originally Posted by Reimer View Post
Good reduce the number of teams in this league.
You realize that was us less than ten years ago right?

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06-22-2011, 02:19 PM
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All signs point to the Oilers specifically being in the black.


The Katz group on the other hand...

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06-22-2011, 02:19 PM
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The Oilers are sold out every game, near the top in league revenue and near the top in average ticket price. You'd be foolish to think they are losing money.

I'll draw your attention to a great quote by Paul Beeston, President of the Blue Jays, that should speak volumes on this issue:
“Anyone who quotes profits of a club is missing the point. Under generally accepted accounting principles, I can turn a $4 million profit into a $2 million loss and get every national accounting firm to agree with me.”

All of this means we have to be cautious in looking at profit data from teams. Teams have an incentive to minimize how much profit they are making (after all, they want to tell players in negotiations that it is hard to make money in sports).

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06-22-2011, 02:23 PM
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Originally Posted by I am the Liquor View Post
You realize that was us less than ten years ago right?
Yes but I mean I was just a bigger fan of the game when there was only 26 teams in the league not 30. I'd hate to lose teams on finances but lets face it there are some horribly placed teams in this league.

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06-22-2011, 02:27 PM
  #19
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Sold out every game, high beer prices, high ticket prices, high concessions prices and nearly every game televised and watched by a large audience ALL on National Network stations with a huge subscriber base. Not to mention a great local economy(one of the best on the continent right now) and a great overpar Canadian Dollar. Also a relatively low debt financing arrangement.

This is as turnkey as it gets anywhere for pro hockey.

As mentioned if this club is losing money then the Entire NHL model continues to be unsound.


ps maybe make the playoffs once in awhile and stop signing stupid overpaid contracts for players sunk in the minors or who do not perform commensurate to contract.

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06-22-2011, 02:27 PM
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Dorian2
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Quote:
Originally Posted by okgooil View Post
Some one Answer me this. If in fact the Oilers are losing money how is the NHL still in business, the Oilers sell out every game and charge some of the highest prices in the NHL. If the Oilers are losing money then every one is losing money. I don't get it, this just doesnt' add up, I call BS.
All the concessions go to Northlands currently. Every other NHL team has all concessions going to them. So for every sellout at Rexall, Northlands gets the parking, food, beverage money. I can see how that could add up fairly quickly. I don't know if the Oilers are losing money, but they sure as hell are not making any.

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06-22-2011, 02:29 PM
  #21
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Originally Posted by Reimer View Post
Yes but I mean I was just a bigger fan of the game when there was only 26 teams in the league not 30. I'd hate to lose teams on finances but lets face it there are some horribly placed teams in this league.
Who's gonna cough up the money to buy out the teams you don't like?

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06-22-2011, 02:32 PM
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Reimer
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Who's gonna cough up the money to buy out the teams you don't like?
Nobody unless there is a superior market to place them. Otherwise they go into bankruptcy and cease to exist.

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06-22-2011, 02:33 PM
  #23
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Nobody unless there is a superior market to place them. Otherwise they go into bankruptcy and cease to exist.
I believe there is more than enough talent to support 30 teams, but I guess the question is, is there 30 cities that can support a NHL team?

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06-22-2011, 02:36 PM
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Reimer
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I believe there is more than enough talent to support 30 teams, but I guess the question is, is there 30 cities that can support a NHL team?
In the current economic climate the Canadian market could probably support at least 2 more teams. If there was an arena in Sask they probably could too. But how long will the Canadian market remain this way? So yeah your right it is more of a matter if there is 30 NHL viable cities.

I still think the talent pool is a little watered down so loosing some teams wouldn't be an issue there.

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06-22-2011, 02:38 PM
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Other people know much better than I do. Fourier is a great poster to chime in on this kind of thing.

But nearly all teams get all the revenue from their buildings from what I gather. I think the Oilers and Islanders may be the only ones in the league that do get the revenue from concerts, concessions for those events and things like that. Plus of course they pay millions into the revenue sharing for lesser off teams.

If they are losing any money or are close to it. I would suspect those are big contributing factors.

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