FHL River Drivers Suspend Operations

[HWP1997]

Yet another FHL team to kick the bucket.

http://www.federalhockey.com/news/river-drivers-suspend-operations

Click to read more...

 

[CrazyEddie20]

Yet another FHL team to kick the bucket.

http://www.federalhockey.com/news/river-drivers-suspend-operations

But we need Class-A hockey! We need the FHL to merge with the SPHL!

A team for every town! A chicken for every pot! A 40 oz. for every hobo!

 

[Cyclones Rock]

I would love to see the finances of FHL teams and their owners.

It's a ridiculous model that doesn't come close to working. How it continues to survive in any form raises my curiosity and sinister view of humanity

 

[Sports Enthusiast]

I would love to see the finances of FHL teams and their owners.

It's a ridiculous model that doesn't come close to working. How it continues to survive in any form raises my curiosity and sinister view of humanity

[MOD]

Sadly you will never get to SSE them and I'm sure they just use it as a tax write off.

 

[PSGJ]

Pretty sure I remember seeing a deleted scene from Breaking Bad where Saul tells Walt that he can either invest in an FHL team or a car wash to launder his money.

 

[Sports Enthusiast]

Lol he would have been a moron to invest in an FHL team though.

 

[Dale Best Goalie]

If I theoretically wanted to buy/run an FHL franchise, would that be a horrible financial decision?

 

[alko]

If I theoretically wanted to buy/run an FHL franchise, would that be a horrible financial decision?

Very terrible. But if you have zillions of dollars, it could be a good toy to play.

Pretty sure I remember seeing a deleted scene from Breaking Bad where Saul tells Walt that he can either invest in an FHL team or a car wash to launder his money.

No way! Really?

 

[JMCx4]

If I theoretically wanted to buy/run an FHL franchise, would that be a horrible financial decision?

Definitely - unless your real name is Barry Soskin.

 

[royals119]

[MOD]

Sadly you will never get to SEE them and I'm sure they just use it as a tax write off.

I see people say this a lot, but it doesn't make sense. If you have 1 million dollars and you have to pay $600,000 of it in taxes you still have $400,000 left that you could buy a sports car, or a house, or whatever with. If you spend that $1 million running a hockey team that loses money, you don't have to pay taxes on the losses, so you won't have the $600,000 tax bill, but you also won't have the $400,000 left over in your pocket either. There is no way to come out ahead with the "tax deduction" reason for owning a team. Unless you would rather have less money in your pocket, just so some of it goes to hockey players and other costs instead of to the government. People own hockey teams that lose money for two reasons. 1 - they think are smart enough to not lose money, or 2 - they get enjoyment out of it. There is never a financial advantage to owning a business that loses money.