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All Those Numbers
by Paul on 11/12/09 at 02:46 PM ET
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James Mirtle of From The Rink breaks-down the numbers from the Forbes report that came out yesterday....
The average NHL team has increased its revenues by $20-million since 2003-04, but those on the low end of the scale have only marginally improved their bottom lines, getting a $9-million boost on average (including revenue sharing). Toronto, Montreal and the Rangers, meanwhile, have increased their revenues by an average of about $40-million the past five seasons.
Filed in: NHL Teams, NHL Talk, NHL Business of Hockey | KK Hockey | Permalink
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Here we have proof this style of Obamanomics doesn’t work here either. The top teams supporting the lower tier teams by means of “revenue sharing” - in other words, take from the rich to support what isn’t working, level the playing field, or spread the misery equally.
I’m suprised Bettman hasn’t been tapped by Obama for a Federal position to help unleash this kind of destruction on the whole country.
Oops, that was kind of a rant. Sorry Paul.
Posted by SImian on 11/12/09 at 04:04 PM ET