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At A Loss
by Paul on 04/13/08 at 07:48 AM ET
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from Luke DeCock of the News & Observer,
Not only did the Hurricanes suffer the embarrassment of missing the playoffs two years in a row after winning the Stanley Cup, they cost themselves at least $2 million and potentially $20 million or more in playoff revenue and season-ticket sales.
As it stands now, even with revenue-sharing payments from the NHL that could amount to as much as $8 million, the Hurricanes expect to lose more than the $4 million they lost last season. The team turned a $10 million profit in 2005-06 while winning the Stanley Cup.
Filed in: NHL Teams, Carolina Hurricanes | KK Hockey | Permalink
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