Aug 12, 2013, 2:36 PM EST
According to Forbes, Hasso Plattner is worth $8.9 billion. Which is to say, the German co-founder of software company SAP can afford to lose a few bucks as the majority owner of the San Jose Sharks.
And that’s a good thing — because despite the Sharks regularly playing in front of capacity crowds at the newly named SAP Center, the club has previously claimed losses of $15 million per season.
In January, after he purchased the shares in the organization formerly held by investors Kevin Compton and Stratton Sclavos, Plattner joked with reporters about the club’s financial situation.
“You cannot make money with a hockey team,” he said, per the Mercury News. “You cannot make money with a hotel, either, and you cannot make money with a golf club. I have all three of them. When you have a certain amount of money, you do silly things — because it’s pretty to have a golf course and it’s interesting to have a hockey team.”
However, he added, “that doesn’t mean that we don’t work hard to have a normal business.”
A few months later, in July, Plattner told reporters that the lockout — which resulted in a new CBA that fairly dramatically cut the players’ share of league revenue — hadn’t really changed things all that much.
“We’re struggling,” he said. “You know the other teams in the league are struggling, Phoenix and others. We have to find a way out of this. We cannot continue as usual. It is a serious problem. We tried to fix it.
“The fans should not suffer. We want to give them a good show. We still want to win the Cup. Our top players are getting a year older every year, but they’re still very competitive. We had a good run in the playoffs. Let’s see what we can do next year.”
Per CapGeek, the Sharks have one of the highest payrolls in the NHL. But with veterans Joe Thornton, Patrick Marleau, and Dan Boyle entering the final year of their contracts, cutting that payroll would be as simple as letting one, two, or all three walk.
This is why next season is considered one of the most critical in franchise history. A long playoff run would only add to the coffers, making it more palatable for ownership to continue spending to the cap. Anything less and a real changing of the guard could occur.
More Sharks day on PHT:
- Flyers keep faint playoff hopes alive with win over Rangers 18
- Trade: Blackhawks acquire Vermette from Arizona for Dahlbeck, first rounder 48
- Jagr earns high praise in his Panthers debut 0
- Bruins maintain four-point edge in playoff race, hand Coyotes ninth straight loss 4
- NHL on NBC: Rangers look for a fourth straight win against the Flyers 7
- Ducks score four third-period goals, come back to beat rival Kings 9
- Blackhawks aren’t done talking trades, will look to add another forward 13
- Flyers trade Kimmo Timonen to Blackhawks 39
- Video: Couture fined $5K for slew-footing Smith 22
- Time to start winning — Bruins’ next four games are against non-playoff teams 17
- Petrovic: Chicago will ‘probably seek revenge’ for Kane injury tonight (82)
- Report: Alex Petrovic avoids discipline after injuring Patrick Kane (69)
- Trading baggage: Blue Jackets grab Clarkson, send Horton’s contract to Leafs (66)
- Lindros files $3M defamation lawsuit against ex-referee Stewart (Updated: Now $250K) (65)
- The plummeting Coyotes are threatening to fall below the Oilers into 29th place (55)