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The ‘Up’side Of Hockey
by Paul on 10/07/08 at 08:10 AM ET
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from Ken Campbell of the Hockey News,
“It’s almost like the NHL, at least from the cap and players’ standpoint, are aside and apart from reality,” Leonsis said. “And I just hope everyone in pro sports realizes how blessed we are that salaries are going up, franchise values for the most part are going up and revenues are going up. That’s not what’s happening in the real world.”
All of which confirms what I have thought all along. The lockout was not about getting costs in line or keeping ticket prices affordable. It was about one thing – franchise values. Even if Gillett is not making as much money as before the lockout, the man who bought the Canadiens and the Bell Centre for $250 million when nobody else wanted it, has watched the value of his asset skyrocket.
And even if the Capitals continue to lose money, Leonsis acknowledges his franchise is worth more now. The only problem is that Leonsis says he never intends to sell the Capitals.
Filed in: NHL Talk, NHL Business of Hockey | KK Hockey | Permalink
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