Kukla's Korner

Kukla's Korner Hockey

Lightning Not For Sale

from the Tampa Tribune,
"We are committed," said owner Bill Davidson, who attended Monday's preseason opener against the Red Wings and sat behind the Lightning bench. "We have a lot of confidence in this team, and we think they will be right up there contending for a championship." Under the old agreement, Davidson said it would have been "very difficult" to maintain ownership considering the amount of money the team was losing, upward of $10 million per season since he purchased the Lightning before the 1999-2000 season. Despite the new economics, CEO Tom Wilson said it will take a playoff run into the third round for the team to break even this season on a payroll that will come close to the $39 million cap. During the 2003-04 season, Tampa Bay carried a $33 million base payroll and turned its first profit -- about $3 million -- after winning the Stanley Cup.

more

Filed in: | KK Hockey | Permalink
 

Comments

Be the first to comment.

Add a Comment

Please limit embedded image or media size to 575 pixels wide.

Add your own avatar by joining Kukla's Korner, or logging in and uploading one in your member control panel.

Captchas bug you? Join KK or log in and you won't have to bother.

Smileys

Notify me of follow-up comments?

Feed

Most Recent Blog Posts

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 pk@kuklaskorner.com