Jan 31, 2013, 9:00 PM EDT
After announcing he’d purchased shares from a pair of former investors in the organization, Sharks majority owner Hasso Plattner sat down with a group of reporters to discuss owning a hockey team.
Specifically, how it doesn’t make him any money.
“You cannot make money with a hockey team,” he explained. “You cannot make money with a hotel, either, and you cannot make money with a golf club. I have all three of them (laughs).”
Here’s more, from CSN Bay Area’s Kevin Kurz:
Investors Kevin Compton and Stratton Sclavos, who were the acting figureheads of the company, have sold their shares to Plattner, it was announced by the team on Wednesday.
The reasons for their decision and departure are private…
…“We want to continue as much as possible the same way,” said Plattner, who had a majority share of the company even before acquiring Compton’s and Sclavos’ shares.
“We still want to have a championship team and win the Stanley Cup. That’s clearly the number one objective of a sports club, otherwise you should not be in the sports business.”
Plattner also wants to make sure the Sharks, who claimed a loss of $15 million last season, have a sustainable business model. He has no fantasies of turning a major profit, though.
“The financial situation is not better this year than last year,” he said. “On the other hand, I said this to the employees, don’t worry. My credit line is good enough, if you look it up.
Plattner is the co-founder of SAP, one of the world’s largest software companies. According to Forbes, he is the world’s 127th richest man and has a net worth of approximately $7.2 billion.
The golf club/resort he owns is the Fancourt Estate in South Africa, which features a luxury hotel and four Gary Player-designed courses — its links course hosted the 2003 Presidents Cup.
So as you can see, the man has quite the financial portfolio and sporting background. Why, then, invest in a hockey team he readily admits can’t make money?
“Despite it’s such a hard sport, and tough sport, and sometimes violent, it is aesthetically unbelievable when you see the guys and what they can do on skates at the tempo,” he said.
“This is missing in soccer.”
Apr 23, 2014, 2:17 AM EDT
They’ll be facing elimination on Thursday.
Apr 23, 2014, 1:25 AM EDT
Stunner at the Staples Center.
Apr 23, 2014, 12:07 AM EDT
Impressive, but just his first marker of the series.
Apr 22, 2014, 11:50 PM EDT
Apr 22, 2014, 11:31 PM EDT
“They thrived on it.”
Apr 22, 2014, 11:06 PM EDT
Some thought he was milking an injury and even holding the wrong knee.
Apr 22, 2014, 10:53 PM EDT
Flyers fans give it right back, though.
Apr 22, 2014, 10:45 PM EDT
Get this: people will be talking about Flyers goaltending.
Apr 22, 2014, 10:40 PM EDT
Not exactly a thing of beauty, but it counts…
Apr 22, 2014, 10:25 PM EDT
Kept him out of the entire opening round.
Apr 22, 2014, 10:14 PM EDT
Boston’s first win at Joe Louis Arena in seven years.
Apr 22, 2014, 10:03 PM EDT
Not the names you’d expect, huh?
Apr 22, 2014, 9:50 PM EDT
Tampa Bay hits a wall called Montreal.
Apr 22, 2014, 9:39 PM EDT
Another blowout coming?
Apr 22, 2014, 9:03 PM EDT
And creates a little bit of controversy in the process.
Apr 22, 2014, 8:41 PM EDT
Could this be his last appearance with Tampa Bay?
Apr 22, 2014, 7:50 PM EDT
Also: Capitals Winter Classic and Islanders ownership talk.
Apr 22, 2014, 7:14 PM EDT
Steve Mason backs up Ray Emery for Philly.
Apr 22, 2014, 6:42 PM EDT
Who can take a 2-1 lead?
Apr 22, 2014, 6:25 PM EDT
At least there wasn’t a school bus involved with this comparison.
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- On Matt Cooke and whether he’s a ‘repeat offender’ 58
- Marleau, O’Reilly and St. Louis named Lady Byng finalists 20
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- Video: Lucic spears DeKeyser from behind (118)
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