News Article: The habs, a real money-making machine

[MTL-rules]

Interesting article, there's been a leak about the habs finance that shows how much profits the team made in 2010. The figures are pretty close to what Forbes publishes (and that owners are contesting). This team is loaded...

http://affaires.lapresse.ca/economi...-devoile-malgre-lui-letat-de-ses-finances.php

Click to read more...

 

[dukeofjive]

Habs are a cash cow, too bad owners seem to have forgotten its also a hockey team

 

[OldCraig71]

Win or lose, the profit train rolls on, no need to win. We just need to keep making money.

 

[ourobouros]

The finance of the Habs

http://affaires.lapresse.ca/economie/quebec/201311/13/01-4710458-le-ch-devoile-malgre-lui-letat-de-ses-finances.php

 

[HuGo Sham]

and its going to get larger - RDS' rights are up soon I believe

 

[Kriss E]

Win or lose, the profit train rolls on, no need to win. We just need to keep making money.

It does say their peak revenue coincides with the year they went to the Conference Finals. So yes, it's in their best financial interest to win.

 

[jaffy27]

It does say their peak revenue coincides with the year they went to the Conference Finals. So yes, it's in their best financial interest to win.

Arghhhh.....you beat me too it!!! It's true, the more they win, the deeper they get in the playoffs, this means more $$$$$$$$, I've never bought this the owner is in it for the money and don't care if they win or lose, they don't coincide.

 

[OldCraig71]

It does say their peak revenue coincides with the year they went to the Conference Finals. So yes, it's in their best financial interest to win.

I was being sarcastic before my morning coffee.

 

[Playmaker09]

It helps (or hurts) that the cap prevents us from spending most of it.

 

[Smokey Thompson]

It helps (or hurts) that the cap prevents us from spending most of it.

The cap doesn't prevent us from spending more on the front office, which Bergevin has done since being hired.

 

[MXD]

If anything, this shows that Forbes numbers are quite realistic.

 

[lo striver]

Win or lose, the profit train rolls on, no need to win. We just need to keep making money.

Habs are becoming Leafs-2. Sad.

 

[Scintillating10]

Interesting article, there's been a leak about the habs finance that shows how much profits the team made in 2010. The figures are pretty close to what Forbes publishes (and that owners are contesting). This team is loaded...

http://affaires.lapresse.ca/economi...-devoile-malgre-lui-letat-de-ses-finances.php

Good to read...team has come along ways since the Houle era and Gillette bought the team for a song.

 

[MXD]

Good to read...team has come along ways since the Houle era and Gillette bought the team for a song.

And our MVP in that regard is possibly the loonie.

 

[thom]

Very god point about Gillette he is responsible for the riches of habs.His marketing and financial genius in early 2000s helped create this jewel.The funny thing is he used very little of his own money

 

[Habs]

Very god point about Gillette he is responsible for the riches of habs.His marketing and financial genius in early 2000s helped create this jewel.The funny thing is he used very little of his own money

No he's not.

 

[thom]

Yes he was No French Canadian or Canadian were interested to buy team at price.Dickie Moore was close but could not get bank help.George is 100 percent the reason the habs are at this stage.The Molson Brewery messed up the habs in the 1990s believe it or not.Thank-you George

 

[DJ Breadman]

Win or lose, the profit train rolls on, no need to win. We just need to keep making money.

doesn't matter how much money they make, can't spend it on the team with the cap being in place

 

[DJ Breadman]

Yes he was No French Canadian or Canadian were interested to buy team at price.Dickie Moore was close but could not get bank help.George is 100 percent the reason the habs are at this stage.The Molson Brewery messed up the habs in the 1990s believe it or not.Thank-you George

this is why I want uncle George involved with the expos

 

[Scintillating10]

Very god point about Gillette he is responsible for the riches of habs.His marketing and financial genius in early 2000s helped create this jewel.The funny thing is he used very little of his own money

Certainly a good business model. At the end of Houle era lot of rumours the Habs may move, they were in dire straits. He seen the potential, had the vision. Cut back on heavy tax Molson center was paying, spend a little to put better product on the ice, retired all those jerseys, 100 anniversary of the team, got a draft here, an all-star game. Re-created quite the hockey buzz in Montreal.

 

[jpchabby]

Certainly a good business model. At the end of Houle era lot of rumours the Habs may move, they were in dire straits. He seen the potential, had the vision. Cut back on heavy tax Molson center was paying, spend a little to put better product on the ice, retired all those jerseys, 100 anniversary of the team, got a draft here, an all-star game. Re-created quite the hockey buzz in Montreal.

eeh, what?

 

[LeHab]

Very god point about Gillette he is responsible for the riches of habs.His marketing and financial genius in early 2000s helped create this jewel.The funny thing is he used very little of his own money

Actually I believe Pierre Boivin was the real brain behind Habs financial resurrection. And of course the currency exchange rate.

Now owners will deny the profits as they still battle to get a tax exemption on Bell Center.

 

[Habs]

Actually I believe Pierre Boivin was the real brain behind Habs financial resurrection. And of course the currency exchange rate.

Now owners will deny the profits as they still battle to get a tax exemption on Bell Center.

Don't bother, you'll just start making sense and confuse him.

 

[WakeUpNHL]

Actually I believe Pierre Boivin was the real brain behind Habs financial resurrection. And of course the currency exchange rate.

Now owners will deny the profits as they still battle to get a tax exemption on Bell Center.

Gillette was the first to recognize the 'Habs' were an undervalued brand.
He was the visionary that put in place the plan to get the value maximized. Boivin and Gainey were part of that plan.

In the end Gillette made out like a bandit turning a $25M investment into $300M profit.

 

[Team_Spirit]

65 Millions profit /year on a 550 Millions investment ( initial capital must be under 100M and the rest is loans LOL )