Kukla's Korner

Predators Progress

Despite being routinely brought up by commentators around North America as a prime candidate for relocation, the Nashville Predators appear to be making progress in this first full season under local ownership.  This morning’s Tennessean provides some details:

A Predators franchise that reported $70 million in losses under Craig Leipold is on target to make money for the second straight season under new ownership, majority owner David Freeman said.

The Predators are forecasting a tiny profit of $145,000, but — considering the team’s player salaries jumped by about $10 million this season — it’s one of a few figures that appear to indicate the franchise is weathering current economic hardships.

Paid attendance is up, and new corporate sponsorships have been struck as well.  Continuing to make a modest profit in the face of this season’s rising payroll ($44.8 million vs. $35.4 million), along with the general economic headwinds that all businesses are facing, is a welcome piece of good news.

 

Filed in: Nashville Predators, | On the Forecheck | Permalink
 

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