Kukla's Korner Hockey
by Paul on 12/19/12 at 10:30 PM ET
from Tom Mayenknecht at O.Canada.com,
In honour of the Mayans and the angst-ridden westerners who conjured up warnings of so-called Judgment Day, here are my Top 12 reasons why this is the wrong time for the NHL to risk Armageddon:
1 Businesses don’t lock out employees during periods of steady growth: The NHL should be ashamed of itself for being in a lockout for even one day, let alone a 98-day stoppage that has angered fans, frustrated broadcasters and alienated more than a few corporate sponsors. Its growth rate of seven per cent per year transformed what was a $2.2 billion per year sector in 2004 to one hauling in upward of $3.3 billion in revenue last season. Do we even need 11 more reasons why this is the most wrong-headed of lockouts?
2 About two-thirds of the teams in the NHL are making money: An average of 17 franchises have been profitable in the years since the last lockout and 18 teams generated upward of $100 million in revenues last season. Another four are within striking distance of that revenue threshold and at least two of the money-losers in 2011-12 are traditional money-makers — the Minnesota Wild and Colorado Avalanche.
3 Canadian teams have never been on such solid ground: It’s bad business to alienate your bread-and-butter and that is what Canada is to the league. Five Canadian NHL clubs have sold out every game since 2005. A sixth — the Ottawa Senators — has used standing room to average more than 100 per cent capacity during that time, failing to sell out games in just two of those seven seasons.
Be the first to comment.
Add a Comment
Please limit embedded image or media size to 575 pixels wide.
Most Recent Blog Posts
About Kukla's Korner Hockey
Email Paul anytime at email@example.com