Lummer Hummer
Registered User
- Nov 3, 2007
- 145
- 2
I thought that it'd be interesting to look at the Oilers organization from a strictly business point of view - that is, not as a sports team but as just another small- to mid-size firm in Alberta. Let's say, for argument's sake, that this firm generates $100M in revenues annually (I think it's probably pretty close to this, but I could be way off). in my experience, a well-run business would tend to pay its senior management team approximately 1% of total revenues, or about $1M in total. Anything more than this would indicate that the firm is not smartly run, & is directing too much of its resources in an inefficient manner.
Taking this into account, what do you suppose the Oilers' total compensation is for their senior management team? $2M? $3M, $4M? I guess what I'm getting at is that a lot of fans hold on to the notion that Mr. Katz is some kind of business savant, & that he would never allow such inept performance from one of his businesses as he seems to with the Oilers. The point here is that he doesn't consider the team to be a "business", but rather a toy to be played with, much like you & I used to play table hockey.
I remember when Mr. Katz outbid himself to purchase the team from EIG - the vast majority of us were falling all over ourselves shouting, "finally we have a really rich, successful owner who will put his own stamp on the team". Well, there's an old adage that says "Be careful what you wish for - you just may get it"... want that wish back?
Taking this into account, what do you suppose the Oilers' total compensation is for their senior management team? $2M? $3M, $4M? I guess what I'm getting at is that a lot of fans hold on to the notion that Mr. Katz is some kind of business savant, & that he would never allow such inept performance from one of his businesses as he seems to with the Oilers. The point here is that he doesn't consider the team to be a "business", but rather a toy to be played with, much like you & I used to play table hockey.
I remember when Mr. Katz outbid himself to purchase the team from EIG - the vast majority of us were falling all over ourselves shouting, "finally we have a really rich, successful owner who will put his own stamp on the team". Well, there's an old adage that says "Be careful what you wish for - you just may get it"... want that wish back?