Kukla's Korner Hockey
Making Money in Nashville
by Alanah McGinley on 10/21/07 at 04:14 AM ET
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From Sheila Wissner at The Tennessean,
While Nashville officials and the would-be owners of the Nashville Predators struggle to reach new terms for an arena lease, one man stands to walk away from it all with more than $30 million.
Team owner Craig Leipold, who says he’s unloading the hockey team because it’s a money-loser, would gain a windfall of more than three times his initial investment, according to an analysis by The Tennessean. That’s even after covering $70 million in operating losses Leipold has claimed.
*Very good overview of the ownership structure and financial origins of the team.
Filed in: NHL Teams, Nashville Predators, NHL Talk, NHL Business of Hockey | KK Hockey | Permalink
Tags: craig+leipold, nashville+predators,
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