Kukla's Korner Hockey

Kukla's Korner Hockey

The San Jose Sharks Would Like To Make A Little More Money

09/05/2014 at 6:18pm EDT

from David Pollak of the Mercury News,

Tortora, the team's top business executive, discussed other aspects of the team's finances in a wide-ranging, exclusive interview.

He said the Sharks finished roughly $10 million in the red last season, an improvement over the previous two years but still not the sustainable business model sought by owner Hasso Plattner, who covered nearly all of that loss in what has become an annual cash call.

To better its economic picture, the team is hoping to improve its long-term TV deal with its broadcast partner, Comcast. Those talks have been continuing, Tortora said, and Comcast "remains receptive to working with us."

One report earlier had suggested that if the Sharks continue to suffer financial losses, the team would consider moving from San Jose with a new arena near Levis' Stadium in Santa Clara as one potential option.

Tortora again played down that likelihood, saying "our focus has been to figure out a long-term solution to stay in San Jose." While the team does not see the need for a new arena, he added, it is important to work cooperatively with the city "to figure out a way to maintain and fund the necessary capital repairs that a 21-year-old facility needs."

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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.

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.

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