The blogospheres are humming with rumors about another team in trouble due to mismanagement, or so it seems! The Tampa Bay Lightening's owners are split on how to run it. Koules wants to keep expenses to a reasonable limit by letting BIG earners go, his partner disagrees. Seems to me, Koules' idea in these troubled financial times has some merit. The well may run dry if too many hands dip into it!
So, OK, fans all over want their teams to stay put, though ticket sales do not even remotely cover expenses. Icehockey is a For Profit venture and must earn to exist. But prices need to stay reasonable for all classes of fans to be able to attend without 'mortgaging' their wages.
Already, the WSJ reports several small banks, which benefitted from TARP, are unable to make payments.
And the stock market plunges again.
How is this government to pay for all that? Print more paper $ ?
And some recent travellers to Europe report that businesses over there refuse to take US issued credit cards and demand cash, and it had better not be in 100$ bills, they do not like those.
What does this tell us - the, once so mighty, US Dollar is loosing ground.
OK, OK, - shut up already, Cassandra!
About Me
- artandhockey
- Split personality. Liking the arts, especially opera, and hockey and Los Toros. I know, I know THAT one is non pc currently. But I can't help it saw some in Spain and got hooked, but good. But on the other hand right now opera and hockey are in the forefront!
1 comment:
Unfortunately, Hockey (although the Canadian pastime) will never approach acceptance levels with Americans, accustomed to watching football, basketball, baseball, soccer on TV (giving team owners lucrative cash flows to support player contracts). In the absence of change, Hockey Economics will continue to be challenging even for the best of NHL franchises.
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