Sep 4, 2012, 5:05 PM EDT
Despite posting record revenues, the NHL has lost approximately $240 million over the last two seasons, a league source tells RDS’s Renaud Lavoie.
The NHL has faced a considerable, if not impossible, PR challenge during the latest CBA negotiations. How, many have wondered, can the owners be demanding concessions from the players following a season that saw the league crowing that business has never been better?
The NHL painted a much bleaker picture ahead of the 2004-05 lockout, going so far as to commission a report from former SEC chairman Arthur Levitt that showed a $273 million loss during the 2002-03 season.
The NBA painted a similarly bleak picture prior to last season’s lockout, claiming the league was losing upwards of $300 million per season.
Of course, now that the NHL has played the “we’re losing money” card, it’s also opened itself up to the “maybe if you didn’t have a team in Phoenix” rebuttal.
After all, not all business losses can be chalked up to paying the employees too much.
- Video: Bolts lose Garrison, Paquette in loss to Wings 3
- Bruins ruin Lundqvist’s return 26
- Video: Letang hospitalized after Doan hit (Update) 42
- Bruins chalk Rask’s absence up to dehydration (Update) 4
- Happy returns: Datsyuk plays for Detroit 2
- Gearing up: Malkin, Hornqvist return for Pens 0
- Five big games to watch this weekend 8
- Video: Kessel, Booth get into altercation at Leafs practice 34
- Playoff watch — what the bubble teams need to do 29
- After Howard fails to ‘bounce back,’ Mrazek to receive ‘opportunity’ 36
- Dreger: ‘In Kessel’s case, I firmly believe he’s going to be traded’ (73)
- Coyotes ‘win’ against Sabres in OT (58)
- Red Wings beat Blues in OT, but should winning goal count? (56)
- Tank-worthy? Connor McDavid finishes OHL season with 120 points in 47 games (56)
- Report: No fine or suspension for Tyler Toffoli’s hit on Alex Burrows (51)