Sorry for the change of topic. Just couldn't help notice the difference new ownership is making in Carolina.
I know, I know...it's all just because they are winning and nothing to do with better management/ownership/leadership.
Except they had started to turn it around a year ago prior to this years success and clearly the brand/marketing strategy was having an impact.
https://www.newsobserver.com/sports/article215779855.html
Just a few highlights:
- Hired a marketing pro that had worked for Panthers (NFL) and Brooklyn Nets
- GM let marketing know their top pick prior to draft to give them head start on promotion of player
- Held a retro whalers night (mixed success)
- Launched Canes Pass (new owners idea: $100 for access to all games in a month)
Clearly a LOT of the changes are being driven by new ownership.
https://www.bardown.com/carolina-hu...ontroversial-plan-for-future-drafts-1.1226104
https://www.newsobserver.com/sports/nhl/carolina-hurricanes/article226492975.html
Oh, he also cleared 160 mil of the teams 260 mil debt when he purchased the team. Why not all? Because Karmanos still has a 39 percent stake. Dundon has the option to buy the rest off Karmanos in 3 years at which point he will probably also pay off Karmanos share of the debt bringing down the amount that the team has to pay each year to cover interest on money used to buy the team to zero. Just like Vinik did in TB.
How much of Ottawa's original debt did EM pay off when he bought the team again?
Typical Disclaimer: Yes, management & debt are just two of several factors (not all in team control, ex: exchange rate) that need to improve for the team to have long-term viability in the market. But how much would it suck for the other factors to go our way and the team relocates because management and debt are still dragging the team down.