Quote:
Originally Posted by Bingo
I wouldn't call it a losing venture, but more a relatively poor return on investment.
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I dont see that as true though.
Nobody is buying a hockey team thinking they're going to be taking 'Scrooge McDuck' swims in vaults full of cash.
The real money comes in the appreciation of the Franchise.
The current ownership group bought this Franchise for a pittance of its current value.
The day-to-day operations are just about increasing that value but NHL Franchises for what they cost in the 80s compared to now have been a hell of an investment. As long their seasonal-operations costs relative to their expenses covered them then the appreciation in Franchise Value was the Golden Ticket.