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Owners Spending Their Money

from Kevin McGran of the Toronto Star,

Salaries are on the rise, revenues are on the rise. And by all accounts, the value of an NHL franchise is on the rise, with the Tampa Bay Lightning having sold this week for a reported $200 million (all figures U.S.).
That has some folks within the sports business believing that hockey is making a comeback from the devastating lockout that cost it the 2004-05 season, about $2 billion in revenue and its stake as the fourth “major league” in North America.
But it has others believing that owners haven’t learned the lesson of out-of-control spending, likening the frenzied spending for franchises to the free-wheeling spending on free agents every July 1.

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Filed in: NHL Business of Hockey, | KK Hockey | Permalink
 

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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 pk@kuklaskorner.com

 

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