Kukla's Korner Hockey
Reviewing the Canadiens’ Finances
by Alanah McGinley on 04/09/08 at 05:47 PM ET
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From Mike Boone at The Gazette,
Despite selling out every home game this season, the Canadiens say they didn’t make any money. Team president Pierre Boivin told La Presse the club’s playoff participation, which begins tomorrow night against the Boston Bruins at the Bell Centre, will allow the team to make a profit on the 2007-08 season.
Boivin would not reveal specific numbers. He doesn’t have to; the Canadiens are part of a privately held company owned by George Gillett and Molson Coors.
But even without access to the club’s allegedly red-ink-drenched books, I am skeptical of its purportedly precarious break-even financial position.
more… *a breakdown by Boone estimating the possible profits of the Habs
*hat-tip to Habs Inside/Out for the pointer
Filed in: NHL Teams, Montreal Canadiens, NHL Talk, NHL Business of Hockey | KK Hockey | Permalink
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