Article claims Rangers lost 34 million...

Discussion in 'Fugu's Business of Hockey Forum' started by NYIsles1*, Feb 11, 2005.

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  1. NYIsles1*

    NYIsles1* Guest

    Considering this is Larry Brooks paper they should have some more detailed facts for his pro-NHLPA stance.

    To list the Rangers had the sixth highest NHL payroll at 105 million has never been reported and makes little sense. Also in this article it's claimed the Ranger revenue is 90 million on ticket sales, then changes it to 90 million total revenue which seems correct.

    Different than Forbes estimate which was much higher.

    http://nypost.com/business/39660.htm

    GARDEN'S NHL
    In addition to the $90 million in total revenue the Rangers reported to the NHL, the perennial losers told the league that they lost $34 million in the 2003-04 season.
     
  2. RangerBoy

    RangerBoy TRUST THE PROCESS

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    $105 million payroll?That's the Knicks.Wrong Garden team
     
  3. NYIsles1*

    NYIsles1* Guest

    Article is about hockey but this is the Knicks payroll, which is first in the NBA, not sixth.

    Bottom line another article claiming the Rangers lose revenue that does not quote Levitt.
     
  4. Motown Beatdown

    Motown Beatdown Need a slump buster

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    Wow is this article off base. Are the editors on strike or something??

    So the Rangers didn't have any other kind of revenue other than ticket sales?

    Like Rangerboy said that would be the Knicks not the Rangers.

    hmmm, the Garden and not the Rangers get the TV money??
     
  5. Other Dave

    Other Dave Registered User

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    I should hope the Rangers are losing money. They combined one of the league's highest payroll with one of the league's worst records for years and years.

    If the Rangers can make money with that kind of product, how bad can the system really be?
     
  6. Brent Burns Beard

    Brent Burns Beard DontTouchMyDonskoi!

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    so this lockout is to save NYR ??? lol .. who cares if NYR lost money, its their own damn fault.

    dr
     
  7. RangerBoy

    RangerBoy TRUST THE PROCESS

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    It's a hockey article?Really

    Why did you post this article?It brings out all of the trolls to bash the Rangers

    The Knicks payroll is $103 million which is not really the correct figure since they bought out Shandon Anderson for less than he was scheduled to make in 2004-05
     
  8. RangerBoy

    RangerBoy TRUST THE PROCESS

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    The Rangers HOCKEY operations mayhave lost money but factor in the other Garden resources which involve the Rangers,CVC did not lose money
     
  9. NYIsles1*

    NYIsles1* Guest

    Just another example Goodenow's free market for the NHL does not work.

    They are the team with the highest reported payroll driving up the salary market most years. This is one of the teams Goodenow needs to drive the free market he wants to keep regardless of how much the league or the Rangers lose.
     
  10. Double-Shift Lasse

    Double-Shift Lasse Just post better

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    Yeah, this is not a well-written article, however, it does inadvertntly point up one of the players' main concerns regarding these CBA negotiations.

    "While the integrated structure of the Garden and the Rangers and the rest of the corporate properties — including the Knicks and the WNBA's Liberty — makes it hard to determine the financial health of the Rangers..."


    Linkage, revenue sharing -- I wonder how far we could come ngotiating these items if we could simply define what "revenue" is?
     
  11. NYIsles1*

    NYIsles1* Guest

    It is a hockey article. It's in today's business section of the NY Post, this is the business section, it caught my attention at first because it references the Isles also.

    I was hoping it would say whether the Isles still are getting their television fees
    (13-17m) from Msg during a lockout.

    It also helps dispel this illusion the Rangers or the New York market drive the bus when it comes to making profit in this business or the NHL in general and I think that is important. If hockey is about to become the first sport to cancel a full season things like this should be front and center because this is the agenda and direction Goodenow wants continued with his free markets spending and losing revenue.

    I think it's fair to say given all the articles about them losing revenue they have lost revenue as a hockey operation and anything else is spin. Tom Golisano does not factor in his other businesses to make the Sabres loss minimal, neither do other hockey owners. Walmart does not understate the Blues losses to make things more politically correct as Dolan clearly does with every facet of the garden and cablevision. Ed Snider comes right out and claims he lost money last season.
     
    Last edited by moderator : Feb 11, 2005
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