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.
- Gomez goes full circle by rejoining Devils on tryout basis 8
- Under Pressure: Jimmy Howard 6
- Looking to make the leap: Anthony Mantha 17
- It’s Detroit Red Wings day on PHT 24
- Under Pressure: Nathan Horton 8
- Will Johansen be the latest Overhardt holdout? 25
- It’s Columbus Blue Jackets day on PHT 16
- Shanahan tasked with ending years of collapses 9
- Looking to make the leap: Peter Holland 1
- Under Pressure: Randy Carlyle 5
- NHL-to-Vegas talks gaining steam (68)
- Report: Bruins need to make a trade (61)
- Sounds like San Jose handled stripping Thornton’s captaincy really well (43)
- Fanspeak: Mats Sundin voted greatest Maple Leaf in franchise history (43)
- Fanspeak: Lemieux (stunner!) voted greatest Penguin in franchise history (41)