Tuesday, September 18, 2012

Would you want to be an NHL Owner or an NHL Player?

Would you rather be an NHL Owner or an NHL Player?  If you watch twitter @nhllockout the sentiment sure seems to be for the players and against the owners.   The thinking I believe is that the owners are a bunch of profit seeking misers trying to do anything to make a buck and the poor players are suffering.  Well it is probably at least partly true, the owners do want to make a profit but I don't believe players are anywhere near suffering. 

If I bought an NHL team (aren't the Coyotes always for sale) for $150 Million with the spare cash I had lying around I would want to make some money and I sure wouldn't want to lose money.  Check out this article, it is estimated the LA Kings have lost over $100Million dollars since 1995.  

http://www.scpr.org/blogs/economy/2012/09/14/9964/nhl-lockout-it-wouldnt-help-la-kings-already-iffy-/

Would you rather be Anze Kopitar earning a risk free $6.4Million a year or risk losing who knows how many million a year.    

I would rather be an NHL player than a NHL Owner that is for sure.  Too much risk being an owner.  

The vast majority of NHL franchises are bad to very bad investments except maybe the Maple Leafs, The Canadiens, NY Rangers and our own Winnipeg Jets!   

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