Kukla's Korner Hockey
by Monica McAlister on 07/29/13 at 11:33 AM ET
As pointed out this morning on Twitter by Adrian Dater...
Reports are out that the Minnesota Wild have recorded a $30 Million loss this past season; according to Charley Walters of TwinCities.com out of St. Paul.
Is the State of Hockey at risk of losing their second National Hockey League Franchise?
It has been 20 years, nearly to the day, that the Minnesota North Stars packed up and moved to the sunbelt and became the Dallas Stars; and low attendance and lost revenue during seasons where the team did not play up to the standards of their fan base.
The NHL granted Minnesota the Wild in the 2000-01 Season (though announced back in 1997 that the team would be part of the expansion); and after finally making the playoffs this season after not qualifying for the past four seasons.
The lockout may be in part to blame for the $30 Million loss this past season. If the season had started on time than there would have been more revenue generated – but also more money paid out to employees’ and game day crew.
Another hit to the books for the Wild would be the $10 Million bonuses’ for each Zach Parise and Ryan Suter. The two big ticket UFA’s from last summer where each awarded a lockout proof bonus.
A short term financial fall has hit the State of Hockey: the questions that remain to be answered is if it is just a case of spending money to make money or if this hit is just the start of a financial mess with economic down times across the country? or may Minnesota lose another NHL franchise in the coming years?
Time can only reveal the answers to these questions.
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About Kukla's Korner Hockey
Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.
Email Paul anytime at firstname.lastname@example.org