Quote:
Originally Posted by Senator Clay Davis
Of course owners are in sports to make money. The Senators just signed a $400 million TV deal because they don't want to make money? The Flames if they could would sign a similar deal tomorrow. The Green Bay Packers are professional sports only not for profit, and they paid for all their stadium renovations through "stock" offerings (Its not stock, its a piece of paper. No dividends, no return. Its just $250 to say you own part of the Packers).
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Sens need that money, Melnyk admitted the team is loosing "staggering amounts of money"
http://www.cbssports.com/nhl/eye-on-...ey-own-cap-set
Sharks owner during an interview:
the man has quite the financial portfolio and sporting background. Why, then, invest in a hockey team he readily admits can’t make money?
Easy.
“Despite it’s such a hard sport, and tough sport, and sometimes violent, it is aesthetically unbelievable when you see the guys and what they can do on skates at the tempo,” he said.
“This is missing in soccer.”
http://prohockeytalk.nbcsports.com/2...a-hockey-team/
or Blackhawks the 4th most valuable team in the leauge arn't even making money..
http://www.thestar.com/business/2013..._playoffs.html