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The Rebuilding Of The Blackhawks
by Paul on 10/06/08 at 07:21 AM ET
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from Tripp Mickle of Sports Business Journal,
With his father, Bill Wirtz, in the hospital and the 2007-08 hockey season about to begin, a memo from the Blackhawks finance department landed on his desk. The team needed an immediate infusion of $34 million to start the season, the memo said, or it wouldn’t be able to make payroll.
The eight-figure request stunned Wirtz. As president of Wirtz Corp., he oversaw a family-owned business with interests in liquor, wine and beer distribution, insurance, real estate, banking and co-ownership of the United Center. The enterprises generated more than $1.4 billion in annual revenue, and none ever came close to missing a payroll.
read on (paid subscription, so hopefully the link will continue to work)
Filed in: NHL Teams, Chicago Blackhawks | KK Hockey | Permalink
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