Quote:
Originally Posted by moon
It doesn't really matter if he suckered anyone or not he got the money and the league is not on the hook. That is what matters to owners and that is who Bettman cares about not some grump in BC.
I trust them to make the right decision because they own the teams and see the financial numbers. Their job and Bettmans job isn't to do what is best for the fans but what is best for the owners.
|
Grump indeed, I know in your drunken fog it may be hard to follow along, but try. The NHL lost $112.7M in operating the Coyotes plus they spent $140M for the franchise plus $10M in court costs. They sold it for $170M, so they are on the hook for $92.7M. The Coyotes have lost money every year they've been in operation. Not only that but the NHL had to loan the new owners $85M. Looking at the recent attendance, I'll be surprised if these new owners can last for 5 years.
Bettman's job should be to do what's best for hockey. I realize he isn't up to that though.
http://en.wikipedia.org/wiki/Phoenix...to_Renaissance
oh yeah, I forgot about the yearly maximum revenue sharing which the Coyotes have been promised.
http://www.forbes.com/sites/mikeozan...funded-by-nhl/