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Bettman: ‘we probably do better than the Dow’

May 20, 2013, 2:39 PM EDT

Gary Bettman at the NYSE

NHL commissioner Gary Bettman, along with the Stanley Cup, made a trip to the New York Stock Exchange on Friday.

Per CNBC, Bettman took the opportunity to talk up the league’s attendance and TV ratings following a lockout that many predicted would hurt business badly.

“We’ve got great players, a great game, and the best sports fans in the world,” said Bettman, who also cited the NHL’s “incredible competitive balance” that provides numerous teams with a chance to win the Cup.

And in a pitch the commissioner has likely used before, he also referenced the dramatic rise in franchise values that has occurred in recent years.

“For most sports teams we probably do better than the Dow,” said Bettman, “It’s a good, stable investment.”

That said, money isn’t the only thing that drives NHL owners.

“On a cash-flow basis, there are probably other things you can do, cash-on-cash return, that would be annually better,” Bettman acknowledged.

“You do it because you love the game, and you love the community.”

  1. 2qswing - May 20, 2013 at 2:56 PM

    Bettman added ” speaking of cash flow, we just bilked 100k out of the Sharks for having the audacity to disagree with my model of consistency player safety department.”

    • imleftcoast - May 20, 2013 at 6:34 PM

      It’s such a good investment that the league has to buy franchises back? Oh yeah, that’s a healthy sign.

      The only good thing he’s done is get the games on the NBC network. It took about 5 years of seeing almost no games on Versus, but now we get to see all playoff games. I even watched the Worlds and Memorial Cup.

  2. comeonnowguys - May 20, 2013 at 2:59 PM

    With no due respect, Gary, any success the game has is in spite of your best efforts.

    • ibieiniid - May 20, 2013 at 4:19 PM

      man I wish that was right…. but I wouldn’t be surprised if that lockout made their profits stronger. and all those outdoor games we’ve been complaining about ruining the outdoor game altogether? yep, that’s going to be 6 sellout double-crowds.

      as much as we hate it, he and the game of hockey have us under their collective finger.

    • valoisjoeybfeld69 - May 20, 2013 at 4:29 PM

      So, success not equal to Bettman, but, would you make a case to blame him for the NHL’s failure?The guy is what he his, but the NHL has been doing very well, and has grown since the late 90s early 2000s.

      • blomfeld - May 20, 2013 at 11:14 PM

        WAS FEHR A COMMUNIST ?

        I completely agree friend, as regardless of what one thinks of Bettman’s ‘personal’ mannerisms and presentation, the fact is that the man is extremely hard-working and brilliant … no two ways about it. Over the course of his 2 x decades ‘plus’ of stewardship which includes the ’98 dot.com bust’ and the ’08 financial meltdown’ among other things, Bettman has still somehow managed to propel the NHL to it’s highest ever popularity and revenues. This is in stark contrast to the other ‘big’ sports out there, who today find themselves either on the defensive or in full retreat, including the NBA, WNBA, MLB, Nascar, LPGA, etc. So while he may appear to be weird to some, I Blomfeld for one say that Gary Bruce Bettman is a ‘good man’ and I’m very grateful that he’s the leader of my second favorite sport ! :)

        GO BETTMAN GO !!!!!!!!!!!!!!!!!!!!!!!!!!

      • blomfeld - May 20, 2013 at 11:27 PM

        Who is this ‘Valoisjoeybfeld69′ ?

        *** just yesterday, out on the great plain ***

        Blomfeld: who is this lone man whose name echoes that of my great ‘lost’ friends ?

        Ten Bears: I understand brother, however he may be one of the ‘sick’ soldiers who’s strayed from the fort ?

        Crazy Dog: well I couldn’t care less ! … he’s all alone, so let’s kill him right now !

        Blomfeld: No brother ! … I sense that this man is ‘good’ and so we will talk to him …
        :)

      • valoisjoeybfeld69 - May 21, 2013 at 7:08 AM

        blomfeld, that’s one hell of a golfing trip you took back earlier this year. Did you shoot a lot of holes in one? :-)

      • ibieiniid - May 21, 2013 at 8:34 AM

        blomfeld’s been WAITING for a Bettman post. barely heard from him since we were talkin lockout.

      • blomfeld - May 21, 2013 at 11:01 AM

        Valoisjoeybfeld69 – it was a wonderful trip for me, driving from town to town down there in So Cal and AZ, playing a ’round per day’ at whatever course I happened to come upon. No hole in ones, however all aspects of my game were otherwise ‘solid’ throughout. Since then however, my game has gone in the tank as I’m too busy these days with work and stuff. Take it easy friend … :)

    • jernster21 - May 20, 2013 at 5:57 PM

      Come on now guy…

  3. capsfan19 - May 20, 2013 at 8:47 PM

    Gary bettman and his golden flotilla.

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