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More Value Means Better Chance To Compete
by Paul on 10/30/08 at 02:57 PM ET
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from Jim Kelley at Sportsnet,
Teams with greater revenue, even in a salary-capped system, have a better chance of competing at a higher level than teams that do not.
A classic example comes just from looking at the top and bottom of the Forbes list. The Leafs may not be good at what they do when it comes to the hockey operations, but they at least are not hindered by financial considerations when it comes to finding a new general manager or, should they choose, invest in scouting and development.
Compare that to the Phoenix Coyotes, a franchise the magazine estimates is worth $142 million and might be in need of new ownership or even relocation.
more and if you missed the Forbes value listing, you can find it here...
Filed in: NHL Teams, NHL Talk, NHL Business of Hockey | KK Hockey | Permalink
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I don’t quite understand where Kelley is going with this. He states that money still matters in terms of NHL competitiveness, then uses the examples of Toronto and Phoenix? All that proves is that teams can miss the playoffs whether they’re turning a profit or not.
Kelley’s better point is that these Forbes numbers should be taken with a massive grain of salt. These are private firms, and these numbers are approximations at best. David Freeman, for example, has publicly stated that the Predators turned a (small) profit last season, belying the Forbes statement that they lost $1.3 million.
Posted by Forechecker from Nolensville, TN on 10/30/08 at 03:13 PM ET