Dec 26, 2012, 10:25 AM EST
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.
Mar 6, 2015, 8:00 AM EST
Friday’s collection of links.
Mar 6, 2015, 1:36 AM EST
Minnesota, Calgary and L.A. all win on Thursday.
Mar 6, 2015, 12:34 AM EST
Philly comes back with three goals in the third period.
Mar 6, 2015, 12:02 AM EST
Arizona snaps 10-game losing streak.
Mar 5, 2015, 11:46 PM EST
Mar 5, 2015, 11:02 PM EST
Brock Nelson scored the winner.
Mar 5, 2015, 10:23 PM EST
“That. Just. Happened!”
Mar 5, 2015, 10:11 PM EST
“It’s humbling there’s no question.”
Mar 5, 2015, 9:16 PM EST
Once a 30-goal scorer in the NHL.
Mar 5, 2015, 8:40 PM EST
Curtis McKenzie drops the gloves.
Mar 5, 2015, 7:13 PM EST
“At the same time, Mike will maintain his focus on doing all he can to help Nashville win its first-ever Stanley Cup.”
Mar 5, 2015, 6:47 PM EST
Won’t suit up when the Caps take on Minnesota.
Mar 5, 2015, 6:24 PM EST
That’s former minor-league player Jordan Hart.
Mar 5, 2015, 5:27 PM EST
Big forward who doesn’t mind dropping the gloves.
Mar 5, 2015, 4:26 PM EST
He recently called them the “best group I’ve had since ’09.”
Mar 5, 2015, 3:35 PM EST
Might get into coaching.
Mar 5, 2015, 3:00 PM EST
Nashville’s won just two of its last eight.
Mar 5, 2015, 2:12 PM EST
News and notes from around the crease…
Mar 5, 2015, 2:05 PM EST
“We only have 19 games left and we have to be winning and getting points.”
Mar 5, 2015, 1:30 PM EST
- Lawyer: Ribeiro to ‘vigorously fight’ $1M lawsuit alleging abuse of ex-nanny (Updated) 13
- In praise of the Hamburglar 14
- Leafs’ Panik latest to be fined for diving 8
- Connor McDavid is just on fire right now 20
- Video: Zidlicky’s first goal with Detroit gives Red Wings OT win over Rangers 31
- Video: P.K. Subban illustrates hockey instincts through GoPro camera perspective 5
- Video: Lundqvist could be back in 10 to 14 days 7
- Isles’ Martin suspended one game for ‘reckless’ knee on Daley 14
- More bad luck for the B’s — Connolly out 6 weeks with fractured finger 23
- Fehr willing to give Panthers ‘a reasonable opportunity’ to redevelop market 54