Icey
Registered User
- Jan 23, 2005
- 591
- 0
NYIsles1 said:Aside from reading or hearing interviews with Tom Hicks claiming his hockey team lost money it's been documented the Stars are not profitable. We can talk about the losses being less than what they want us to beleive but a team that builds a new facility that goes to the playoffs should be making a healthy profit. In the Stars case this is simply not happening.
http://www.forbes.com/free_forbes/2003/1208/nhl_2.html
The skinny
On the ice and with its fans, the Dallas Stars have proven that hockey can make it big-time in the South. But the team's bankers are not impressed. The team has been losing money due to a high payroll and its 50% owned American Airlines Arena is stacked with debt.
So why is it you pull the numbers from two years ago instead of last year? Would that be because last year the team was the the fourth most valuable franchise in the league? The team doesn't lose money season after season. They actually lost more money last season by not playing than had they played. Doubt the Islanders could say the same. They lost $300,000 in the 2003-04 season, they $5.5M the season before and $6.3M the season before that.
And I am not sure what interviews you think you hear him give because Mr. Hicks rarely gives interviews and when he does he doesn't talk about how much money he has or doesn't have.