Kukla's Korner Hockey
by Paul on 10/27/07 at 10:57 AM ET
from Rick Westhead of the Toronto Star,
Internal financial statements show MLSE generated profit of $83 million on revenue of $383 million in the year ended June 30. The internal documents also show the company forecasts a profit of $105 million by 2011 on revenue of $477 million. Over the same period, ticket revenue is expected to increase 30 per cent, to $166 million.
The documents also reveal that, for every dollar Maple Leaf Sports generated in fiscal 2007, 21.8 cents was profit. (By contrast, Royal Bank of Canada, the country’s largest bank, reportedly had a profit margin of 13.3 per cent for its last fiscal year.)
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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.
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