Forbes Releases Hockey Numbers
So how does it compare in numbers to Levitt’s report?
FORBES’ figures show that hockey teams are indeed losing money but not nearly as much as the owners claim. The 30 teams in the NHL lost a combined $96 million (before interest, taxes, depreciation and amortization) on revenue of $2.2 billion during the 2003-04 season, with 17 teams posting a loss. The prior season the NHL lost $123 million on revenue of $2.1 billion.
That about sums it up, and please give it a full read for further explanation.
Note: I do recommend using FireFox over IE when it comes to browsing Forbes.com. They’ve got a slew of ad scripts and javascripts running that just make it a bit clunky and annoying in IE. The ads are still there in FireFox (I’m never one to say block ads); but one example of how this site on FF runs better is that the javascript that is used when you highlight words isn’t running and that’s a major plus (also, FF lets you turn off javascript for just that page without reloading and such, super nice). I recommend it for almost all sites anyway, so I thought I’d throw in the pimp paragraph here.
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