NNN;788323 wrote:What's wrong with Florida? I mean, besides "nothing"?
The Panthers are consistently in the bottom 5 in attendance and don't seem to want to field winning teams much. The fact that, in terms of percent capacity, Canadian teams have all averaged 98% or higher each of the past 5 years also helps the Canadian argument.
Their financials don't help much either.
http://www.forbes.com/lists/2009/31/hockey-values-09_NHL-Team-Valuations_Rank.html
-$13.6 million in 2009
http://www.forbes.com/lists/2008/31/nhl08_NHL-Team-Valuations_Rank.html
-$9.4 million in 2008
http://www.forbes.com/lists/2007/31/biz_07nhl_NHL-Team-Valuations_Value.html
-$7.1 million in 2007
http://www.forbes.com/lists/2006/31/biz_06nhl_NHL-Team-Valuations_Rank.html
-$1.9 million in 2006
So in terms of that four year window, the top five in operating income are:
Toronto (+$239.5 million)
Montreal (+$113.6 million)
New York Rangers (+$101.5 million)
Detroit (+$61 million)
Vancouver (+$53.4 million)
And the bottom five are:
Carolina (-$23.1 million)
Columbus (-$26.6 million)
Florida (-$32 million)
New York Islanders (-$35.2 million)
Phoenix (-$45.6 million)
So, clearly, Florida is in a bad place in terms of hockey.
And, actually, in terms of operating incomes it's interesting to see the disparity between the six Canadian teams and the 24 American teams. The six Canadian teams from 2006-2009 posted an operating income of $472 million. The 24 American teams posted an operating income of $73.5 million. Obviously it's skewed by having Toronto - who makes money hand-over-fist Yankees style - but none of the Canadian teams are at a four-year loss in terms of income, whereas half of the American teams are.
Now, I don't know what we'd end up with with teams in smaller Canadian markets - Calgary is currently the smallest Canadian market with a team and they posted the smallest OP of any team up there over that four year span, just $8.2 million, and Winnipeg is the 8th largest market up there, behind Quebec City and the other six who already have a team. But I gotta imagine at least W'peg will break even.