Quote:
Originally Posted by Aarongavey
Do I think in 2001, in a word without a salary cap and a Canadian dollar that was worth about 68 cents on the greenback, could the Habs be almost worthless in that scenario? Certainly possible. The Habs were bleeding 20-30 million a year in that environment due to exchange rate. Canadian teams were bottom of the barrel in terms of gate revenue.
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According to Forbes NHL valuations in 2001, Habs were estimated to be worth $182M with operating income of $12.2M and revenue of $70M. Doesn’t sound like bleeding money to me