Miller Time
Registered User
- Sep 16, 2004
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The value of Habs has doubled since Molson purchased them, so he's made $600M in 6 years. And he's focusing his investments (condos or whatever) not on the hockey team, but in businesses that profit off the Habs. He knows the arena will be filled every night as long as the team is decent. He doesn't have to push to be a winner. We could easily have the best front office and coach in the league if we spent the money like Toronto has done. Instead we spend far below our revenue levels. So his savvy cannot be understated. With Toronto being perennially poor, they get a free pass as well. If Toronto starts winning again with a franchise stud like Mathews, you'll see Molson change his tune then.
It costs a lot of money to win championships. And if you're already selling out, why bother right?
Gillette was responsible for rebuilding the value of the franchise, Molson just happen to be in the right place/right time when Gillette's other business venture mistakes forced him to cash out.
he's also spent aggressively on the hockey ops side of things since taking over, which as you point out, wasn't necessary from a purely business pov. He wants a winner, I don't doubt that at all. He's just made very poor decisions when it comes to hiring the people to deliver on that goal.
Gillette, on the other hand, was either happy-to, or mandated-that, Gainey keep the staff spending on the hockey side at a minimum.