Personally I think Forbes has undervalued the team as Jacobs really cooks the books between what he owns and what company owned Delaware North does. In any event he paid only $2 million in cash for the team and the rights to operate the Garden and gave previous owner Storer Broadcasting 10 years of TV rights valued at 8 million. When that deal expired he joined forces with the Red Sox and started NESN.
He sat the old Garden footprint for 20 years until he could get his price for development and for those of us who go to the games can not believe what is happening on Causeway Street today.
The Business Of Hockey
He sat the old Garden footprint for 20 years until he could get his price for development and for those of us who go to the games can not believe what is happening on Causeway Street today.
The Business Of Hockey
- Owner: Jeremy Jacobs
- Championships: 6
- Price Paid: $10 M
- Year Purchased: 1975
- Revenue2: $176 M
- Operating Income3: $33 M
- Debt/Value4: 0%
- Player Expenses5: $74 M
- Gate Receipts6: $72 M
- Wins-to-player cost ratio7: 101
- Revenue per Fan8: $35
- Metro Area Population: 4.6 M