Levitt: We DID audit the numbers...

Discussion in 'The Business of Hockey' started by transplant99, Feb 16, 2005.

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  1. transplant99

    transplant99 Registered User

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    Interesting timing that this info comes out now, if nothing else.

    Commenting on his report of last year..

    He also states that the league can and will survive a cancelled season.

    Levitt speaks
     
  2. GKJ

    GKJ Global Moderator

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    Of course he is going to say that. What do you expect him to say? "Yes, the owners did hire me, but I think there might be some flaws in my numbers."

    Dysentary of words, constipation of thought.
     
  3. tantalum

    tantalum Registered User

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    From when I read the report I thought he had made it pretty clear that they used the individual teams independent auditors for the information. In essence the Levitt team looked at those auditing and reporting procedures used by the teams, calibrated the results with typical models (i.e. NFL and NBA definitions) and found the numbers correct and reasonable. Any variations found were noit major.

    Of course this isn't an issue. The players have accepted the Levitt numbers by using them in their own proposals.
     
  4. Leaf Army

    Leaf Army Registered User

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    If this guy was as un-biased and neutral as people pretend he is, he shouldn't even be talking right now. He did his job- it's not his place to be piping up and giving his opinion right now.

    Speculating on whether or not the NHL can survive a cancelled season is extremely unprofessional on his part.
     
  5. BLONG7

    BLONG7 Registered User

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    The league and the PA need to form some sort of an audit commitee that can verify the business goings on of these teams and that might be the first step in an new era of trust between the two groups... they cannot continue to do business the way they have in the past...
     
  6. tantalum

    tantalum Registered User

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    Well that is what was offered by the league numerous times...a jointly appointed auditor. It was repeatedly turned down by the PA.
     
  7. tantalum

    tantalum Registered User

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    What? He was asked a question on his numbers in a CBA battle all about those numbers. He has a right to say he believes his numbers and her's why. He was asked his business OPINION on whether or not the league could survive. He's not allowed to share his opinion? Yeesh.
     
  8. JRgavemeaNTC

    JRgavemeaNTC Registered User

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    The league needs to hire an independant audit firm (KPMG, PWC, E&Y). These firms are indepentant, in fact and appearance. They are required by law to be independant and can suffer HUGE consequences if found not to be (fines, legal worries, loss of reputational goodwill, etc). Levitt was in no way legally bound to be indepentant. Hire someone who is.

    I assume that all the teams already have retained a big four firm to audit their numbers for fiduciary reasons, so they must trust these firms. I know that Carolina uses Deloitte, so get the firm as a whole to use one.
     
  9. transplant99

    transplant99 Registered User

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    The Pro-PA types have been screaming that this was in no way, shape or form an audit. Especially after the column from Russ Conway.

    Well, this contradicts that stance...is that not significant? Does it fly in the face of YOUR position, so therefor you just dismiss it as "what else is he supposed to say"?

    Good answer. :amazed:
     
  10. Takeo

    Takeo Registered User

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    Ignorance is bliss.
     
  11. SENSible1*

    SENSible1* Guest

    The owners have already clearly demonstrated their willingness to endure short-term losses to protect their investment.

    Why do you feel they would abandon this well established pattern?
     
  12. Brewleaguer

    Brewleaguer Registered User

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    I believe the PA has asked for this in some sort of way but Bettman tells them to refer to the Levitt report.
     
  13. Brent Burns Beard

    Brent Burns Beard DontTouchMyDonskoi!

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    who cares anymore ? linkage is off the table and therefore the levvitt report has no meaning or bearing on what is being negotiated.

    dr
     
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