Kukla's Korner Hockey
by Paul on 05/01/08 at 09:33 AM ET
from Rich Hammond of the LA Daily News,
The Kings declined to release specific numbers, but said they’re losing more money per year now than before the lockout. At the start of the lockout, the Kings claimed to be losing $8 to $10 million a year.
“We’re building our organization differently, to meet the reality that we’re losing even more than we did before the lockout,” chief marketing officer Chris McGowan said. “We have to run a better business.”
Thus, the ticket-price increases, even coming off a season in which the Kings tied for the fewest points in the NHL. The Kings believe the increases are necessary, in part, to help stabilize their bottom line.
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