Has Quebec City been priced out of the NHL?

[Bixby Snyder]

Why the hell wouldn't it be Florida? Or Carolina?

At least Ottawa is making money...

Oh really, is that why Melnyk is desperate to sell and can't afford to pay any of his star players?

 

[Drytoast]

Oh really, is that why Melnyk is desperate to sell and can't afford to pay any of his star players?

The market is making money...I can't say anything about the personal situation of Melnyk...

 

[CHRDANHUTCH]

Why the hell wouldn't it be Florida? Or Carolina?

At least Ottawa is making money...

Carolina is all but settled, BVG, Florida cannot move either without incurring the WRATH of the County of which the arena sits

 

[Drytoast]

Carolina is all but settled, BVG, Florida cannot move either without incurring the WRATH of the County of which the arena sits

Oh I know Carolina has a new owner. That new owner doesn't change it from being a shit market.

You could put Bill Gates in charge of Phoenix...it's still a shit market. People are just interested in other sports in these markets.

And the numbers back this up. So congrats new Carolina owner...you've just purchased an asset that's going to lose you money yearly.

 

[CHRDANHUTCH]

Oh I know Carolina has a new owner. That new owner doesn't change it from being a **** market.

You could put Bill Gates in charge of Phoenix...it's still a **** market. People are just interested in other sports in these markets.

And the numbers back this up. So congrats new Carolina owner...you've just purchased an asset that's going to lose you money yearly.

again, you don't get it, Arizona has nothing to do with CAR or FLA....

 

[Drytoast]

again, you don't get it, Arizona has nothing to do with CAR or FLA....

I'm talking about shit markets perpetually being shit markets.

In that sense...yeah, they are kind of comparable...

 

[CHRDANHUTCH]

I'm talking about **** markets perpetually being **** markets.

In that sense...yeah, they are kind of comparable...

NOT Comparable, try again

 

[Svechhammer]

So congrats new Carolina owner...you've just purchased an asset that's going to lose you money yearly.

The Carolina Hurricanes turned a profit last year....

I feel like this needs to be restated after each and every one of your ill-informed comments

 

[Drytoast]

NOT Comparable, try again

Explain how they are not both bad markets...

NHL teams operating income 2016 | Statistic

Looks pretty bad to me.

 

[Drytoast]

The Carolina Hurricanes turned a profit last year....

I feel like this needs to be restated after each and every one of your ill-informed comments

Do you actually have a link to that data? I can only find up to 2016 as of right now.

 

[cbcwpg]

The Carolina Hurricanes turned a profit last year....

I feel like this needs to be restated after each and every one of your ill-informed comments

Just wondering;

Did the team make a profit or was it Gale Force Sports & Entertainment that made the profit? It's not unheard of for some teams to actually lose money but the patent company that owns them does OK overall. Which is still fine in the larger picture.

 

[YoungGuns]

The Carolina Hurricanes turned a profit last year....

I feel like this needs to be restated after each and every one of your ill-informed comments

Serious question, did the Hurricanes as a team actually make a profit while attracting 10k fans and sitting dead last on the NHL attendance list?

 

[Drytoast]

Serious question, did the Hurricanes as a team actually make a profit while attracting 10k fans and sitting dead last on the NHL attendance list?

Hurricanes’ Waddell says team made $2M, room for growth – The North State Journal

Team made a wopping 2 m!. But that's somethin.

(technically it made 18 mil if you include the Vegas 16 mil payout to each team)

reasons the article claims

- low team payroll
- influx in jersey sales (because of the change from reebok to addidas or w/e)
- slight increase in gate revenue.

I find all this suspect of a failing team cooking the books in order to find a new buyer. We will see if I'm right and to what their revenue is next year now that the new owner is all in.

 

[Bixby Snyder]

Serious question, did the Hurricanes as a team actually make a profit while attracting 10k fans and sitting dead last on the NHL attendance list?

I sense goalposts shifting...

 

[Svechhammer]

Serious question, did the Hurricanes as a team actually make a profit while attracting 10k fans and sitting dead last on the NHL attendance list?

Hurricanes’ Waddell says team made $2M, room for growth – The North State Journal

Despite ranking last out of 30 teams in attendance last season (11,776 per game), Waddell said the Hurricanes made approximately $2 million.

And as was stated in the very thorough SBNation article last week, this is all by design. The Canes, from an organizational standpoint, have eliminated discount tickets with a primary focus on building out the STH base and making those season ticket purchases as valuable as they should be, by keeping the value of the tickets surrounding them at that same high price. So while there might be less people on average in house, they're actually bringing in more ticket revenue than they've done in recent years.

 

[cbcwpg]

Serious question, did the Hurricanes as a team actually make a profit while attracting 10k fans and sitting dead last on the NHL attendance list?

Just found this on Forbes:

Carolina Hurricanes on the Forbes The Business of Hockey List

Operating Income: ( Earnings before interest, taxes, depreciation and amortization. )

2008 - $11.5M loss
2009 - $4.6M loss
2010 - $7.3M loss
2011 - $4.8M loss
2012 - $9.4M loss
2013 - $3.4M loss
2014 - $14M loss
2015 - $11.7M loss
2016 - $15M loss
2017 - $3M gain

Dan Wadell, president of the Hurricanes' parent company, Gale Force Sports & Entertainment, stated in October that the team made a profit of about $2 million during the 2016-17 season, excluding the $16 million each of the league's 30 teams received from the Vegas Golden Knights expansion fee.

***

Good to see a positive, but not quite sure what they did to pull that off after years of consistent losses. Sorry, was typing while the previous was posted. A change of the way business was done seems to have turned a corner.
Revenue last season was $108M or the highest it's been.

 

[Drytoast]

I sense goalposts shifting...

You don't find it odd that a team who sat near the bottom of the league last year happened to make more money than the year before? Oh and said team also just so happened to be looking for a new buyer around this time?

I will be interested in seeing if this incredible upswing in interest of a team that finished dead last sustains and increases again next year now that the new owner is in place.

This feels to me like someone waxing up the paint on that used car with a transmission problem before they sell it.

 

[Svechhammer]

You don't find it odd that a team who sat near the bottom of the league last year happened to make more money than the year before? Oh and said team also just so happened to be looking for a new buyer around this time?

I will be interested in seeing if this incredible upswing in interest of a team that finished dead last sustains and increases again next year now that the new owner is in place.

This feels to me like someone waxing up the paint on that used car with a transmission problem.

Typical...

Spew a bunch of BS, get called on it with links to back up how you're wrong, and instead of admitting you're wrong, you essentially dismiss it crying out "fake news" and continue with the slander.

Its getting old.

 

[Max1981]

I don't care who's bankrupt and who isn't. This is about coddling to a population that doesn't give a **** about hockey versus one that does.

It's their money, they can do with it whatever they please.

But let's not pretend that for the most part, hockey isn't an after thought in the United States.

So, when presented with facts that don't support your argument you don't reply and just move on?

 

[Drytoast]

Typical...

Spew a bunch of BS, get called on it with links to back up how you're wrong, and instead of admitting you're wrong, you essentially dismiss it crying out "fake news" and continue with the slander.

Its getting old.

You've been CNN'd. Look if you showed me progressive growth which leads to an eventual revenue generation...I can get behind that.

When you show me a team that the year before was 15 mil in the hole, is now running a 2m profit and is seeing an increase in ticket sales and merchandise sales even though the previous 5 years before it, it was slowly declining in both those areas...

Oh and this huge increase just so happens to coincide with looking for a new buyer...

I mean did the team go on a crazy cup run last year to account for this "sudden interest"? Exactly how does a failing team that was losing interest at an increasing rate the past 5 years prior suddenly reverse that during another failed season???

Explain that.

 

[Drytoast]

So, when presented with facts that don't support your argument you



So, when presented with facts that don't support your argument you don't reply and just move on?

Yeah. I don't buy it. Something here stinks. Looking at Carolina's attendance history and it trends down at a nice steady pace.

And during another failed year suddenly people in a market that has a history of not caring...decided to show up?

Explain why. Explain to me what turned that around.

Here, this was your attendance history including last year;

Carolina Hurricanes - Wikipedia

This was a quote in the article I posted...

“From a local standpoint, our ticket revenue was up a little bit from the year prior; not much,” he added.

That's very interesting that ticket revenue was up...yet attendance was down? How the hell does that make any sense?

 

[Max1981]

Yeah. I don't buy it. Something here stinks. Looking at Carolina's attendance history and it trends down at a nice steady pace.

And during another failed year suddenly people in a market that has a history of not caring...decided to show up?

Explain why. Explain to me what turned that around.

I meant the Kings $32 mil operating income.

 

[Svechhammer]

Yeah. I don't buy it. Something here stinks. Looking at Carolina's attendance history and it trends down at a nice steady pace.

And during another failed year suddenly people in a market that has a history of not caring...decided to show up?

Explain why. Explain to me what turned that around.

Here, this was your attendance history including last year;

Carolina Hurricanes - Wikipedia

This was a quote in the article I posted...

“From a local standpoint, our ticket revenue was up a little bit from the year prior; not much,” he added.

That's very interesting that ticket revenue was up...yet attendance was down? How the hell does that make any sense?

I'll just copy/paste, because you failed to read it the first time

And as was stated in the very thorough SBNation article last week, this is all by design. The Canes, from an organizational standpoint, have eliminated discount tickets with a primary focus on building out the STH base and making those season ticket purchases as valuable as they should be, by keeping the value of the tickets surrounding them at that same high price. So while there might be less people on average in house, they're actually bringing in more ticket revenue than they've done in recent years.

 

[Drytoast]

I meant the Kings $32 mil operating income.

I assume 16 mil of that is from the Vegas expansion. Going off of it's history in the past 10 years, a 16 mil OI would be cyclical. (it's also run a negative twice...) That could account for dropping bad contracts...

Los Angeles Kings on the Forbes The Business of Hockey List

Still nothing to brag about.

 

[Killion]

NOTICE:

Ok Gang.... You guys need to take further in depth discussion of the Hurricanes to the thread here discussing that club & the recently announced transaction..... This thread asks HAS QUEBEC CITY BEEN PRICED OUT OF THE NHL?.

Back on topic please.