Thursday, February 12, 2004

I wish I had this much money to lose!

Depending on how you look at it, it could either be the first nail in the coffin for Bob Goodenow or the NHL President Gary Bettman's.

Former SEC Chairman Arthur Levitt says in an independent audit that the NHL "$273 million on revenues of $1.996 billion"

Yikes! That's a lot of money! I think it's a serious bargaining chip in the hands of the NHL owners who want change in the form of a salary cap and revenue sharing.

The story continues on NHL.com as...
The 24 page study (plus 11 exhibits) reveals that 19 of the League's 30 teams had operating losses in 2002-2003 averaging $18 million and that only 11 teams were profitable averaging $6.4 million in profits.

Holy Shnikey!
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