[handgroen]

Originally Posted by RM14

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

i often wondered about the losing nature of owning sports franchises, but i think it may be as simple as; even though the team loses money year after year the asset appreciates in value faster than the lost revenue piles up, still making it a sound investment. couple that with the tax incentives of losing money as a business and the owners don't have a whole lot to cry about.