Skip to content

Report: Red Wings may owe up to $70 million to the City of Detroit

Dec 26, 2012, 10:25 AM EDT

Mike Ilitch AP

The Detroit Red Wings’ plans to build a new arena came under scrutiny thanks to them getting taxpayer money to fund the project. A recent financial report won’t be doing the team any favors for how things look on the surface.

Christine MacDonald of The Detroit News reports the team and owner Mike Ilitch may owe the struggling city up to $70 million thanks to an old provision in the team’s television contract as it concerns the city-owned Joe Louis Arena. As you might suspect, this isn’t going over well with city politicians.

“The Ilitches are a multibillion-dollar operation, and they are inside a city that is sinking,” said City Councilman Kwame Kenyatta. “(Mike Ilitch), I am sure, knows about this and should be forthcoming to help the city. Help us by writing a check, not by negotiating a new lease.”

Oh yeah, the lease. The team’s lease to play at The Joe expired in 2010. Since then, the team reportedly hasn’t paid rent nor property taxes to play there and the city hasn’t gotten their cut of concessions either. Whoops.

As George Malik of blog Abel To Yzerman says, however, Detroit’s financial problems are huge and what the Wings may or may not owe the city is just a drop in a very broke bucket. That said, perhaps the city should think about forking money over for a new building if they’re owed such a big stack of cash as it is.

Latest Posts
  1. Video: ‘We’re right there,’ says Lundqvist

    May 30, 2015, 1:08 AM EDT

    Getty Images

    Hard to blame the goalie in this one.

  2. Lightning ‘answer the challenge’ in Game 7 to reach Stanley Cup Final

    May 30, 2015, 12:17 AM EDT

    Getty Images

    “I don’t know if we’re so young and dumb and don’t know any better…”

  3. Vigneault: McDonagh was playing with a broken foot

    May 29, 2015, 11:31 PM EDT

    Getty Images

    Might explain what occurred in the first period.

  4. Bolts strike Stanley Cup Final berth thanks to Game 7 win over Rangers

    May 29, 2015, 10:55 PM EDT

    150530_LightningWinGame7 Getty Images

    Tampa Bay awaits the winner of the Blackhawks-Ducks series.

  5. Paquette enters back into Lightning lineup for Game 7

    May 29, 2015, 8:21 PM EDT

    Getty Images

    Rangers also make one change to the lineup.

  6. WATCH LIVE: Lightning at Rangers, Eastern Conference Final Game 7

    May 29, 2015, 7:20 PM EDT

    Getty Images

    The winner, as you know, goes to the Stanley Cup Final.

  7. Coyotes reinstate color analyst Boynton after guilty plea in casino incident

    May 29, 2015, 6:39 PM EDT

    boynton Getty Images

    “I’ve met with Nick several times and he knows he made a terrible mistake.”

  8. Boudreau mulls line changes ahead of Game 7

    May 29, 2015, 5:30 PM EDT

    Bruce Boudreau AP

    And it looks like Tomas Fleischmann might replace Emerson Etem, again.

  9. Wings expect Franzen (concussion) to play next year

    May 29, 2015, 3:49 PM EDT

    Detroit Red Wings v Edmonton Oilers Getty Images

    Appeared in just 33 games this season.

  10. Difference of opinion: Craig Button has Hanifin 12th on final draft rankings

    May 29, 2015, 2:18 PM EDT

    Noah Hanifin Getty Images

    NHL Central Scouting thinks slightly more of the B.C. defender.

  11. Devils sign Russian forward Kalinin

    May 29, 2015, 1:47 PM EDT

    Sergei Kalinin AP

    Spent the past five seasons in the KHL.

  12. Report: With Sabres gig gone, Richardson to re-sign in Ottawa

    May 29, 2015, 1:34 PM EDT

    Luke Richardson 3

    That’s former NHL defenseman and current AHL Binghamton bench boss Luke Richardson.

  13. Report: Sobotka to stick in KHL, won’t return to Blues next year

    May 29, 2015, 12:51 PM EDT

    Vladimir Sobotka Getty Images

    This according to his club team, Avangard Omsk.

  14. The Ducks got Kesler for a game like Saturday’s

    May 29, 2015, 11:50 AM EDT

    150529_Kesler Getty Images

    “The last two years, we were a different team.”

Featured video

Which teams have the Game 7 edge?
Top 10 NHL Player Searches
  1. A. Vermette (1251)
  2. N. Horton (1235)
  3. R. Nash (1201)
  4. P. Kane (1152)
  5. K. Yandle (1118)