http://beta.thescore.com/nhl/news/403962
the big thing to me is they built the arena on the promise of returning any profits to the tax payers. they have not turned a profit. they are now asking for more money.
http://beta.thescore.com/nhl/news/403962
the big thing to me is they built the arena on the promise of returning any profits to the tax payers. they have not turned a profit. they are now asking for more money.
the beauty of failing big. "you can't give up on us now! You are never getting the $20MM back. if you support us a little more, we'll turn the corner....we promise," said russ brandon, king of needing more time.
Who needs expansion when u can just move that franchise?
jdaltroy5 (01-10-2014)
thats a point i was going to make, but i dont see that happening in the near future either. the NHL will try to make it work, like they forced with PHX.Originally Posted by coastal
at a certain point, you have to call a spade a spade, and relocate.
Hockey hasn't turned a profit but the arena has. Both are owned by the same company.
The Sabres lost money last year too, And they will lose money again this year..
Revenue 2012-13: $76 mil.
Operating loss 2012-13: $1.0 mil.
The Sabres increased non-premium seat prices by 26% and instituted a 4% price hike before the 2013-14 season, but the team is still in the bottom half of the NHL in average ticket price.
Last edited by Downinfloflo; 01-10-2014 at 01:25 PM.
they didnt lose over 20 million. and they arent asking for tax payers to foot the difference.
PHX or florida?
if a team loses money, so be it. lots of NHL teams lose money. its asking for public assistance thats the issue.
http://deadspin.com/the-florida-pant...ney-1498613317
They're not losing money.The owners of the Panthers, whose payroll sits around $50 million, the lowest in the NHL, claim they're hemorrhaging money. Don't believe it. The team itself doesn't draw, but the funny thing about the situation in Sunrise is that the team itself was never supposed to be the big profit. It's the arena.
The BB&T Center is run by Arena Operating Company, a division of the corporation that actually owns the Panthers. Since the arena was built with public money, AOC is forced to open its books. And audits consistently show that AOC turns a profit. Much of that comes from concerts, events, and sports other than hockey—running an arena is a true cash cow. But even when Panthers games are factored in, AOC is still in the black, to the tune of nearly $10 million a year dating back to 1998.
so why are they asking for public assistance? dont you think thats shady as hell?
Any time your business is in the red, It's bad.
usually, yes. but the sabres arent in trouble. they are in the red because they have some of the lowest ticket prices in the NHL and a capped season ticket amount. season tickets are sold out and have a waiting list. if they raised ticket prices to be average, they would make money.
but as pegula said when he bought the team, he didnt buy it to make money.
Ticket prices went up last year..Buffalo (Bills and Sabres) have no choice but to keep the ticket prices as low as they can, The region they play in dictates that.
if that were true, wouldnt detroit follow the same formula? detroit teams have some of the highest ticket prices in sports except the pistons, because no one gives a **** about the pistons.
The NHL needs contraction, not relocation.
I say get rid of Columbus, Tampa, St. Louis, Carolina, NY Islanders, Phoenix, Nashville, and Florida.
No one will miss them.
NY and STL shouldnt be contracted. im anxious to see what the islanders can do when they leave that dump of an arena.
STL is a baseball town first and foremost (like detroit) but the blues are very popular there too.
St. Louis is one of the least valuable teams in the league and have one of the smallest revenues. Not only that, but they operate in the red as well.
Same with the Islanders.
Ax them both.
yeah, but. al macinnis.
Him and Chris Pronger were a force.
I would actually have a hard time axing any team that has won a cup. I always find it kind of odd when you're looking through a list of Champions and there's the Kenora Thistles or some other weird team.
I guess that will save Tampa, Carolina, and the Islanders.
No...They have triple the population in that region, Even with the current economic mess, Buffalo has been a depressed region for over 40 years.
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