Sale of Thrashers to Winnipeg finished

Pro Sports 49 replies 2,255 views
gorocks99's avatar
gorocks99
Posts: 10,760
Jun 2, 2011 10:19am
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.
NNN's avatar
NNN
Posts: 902
Jun 2, 2011 11:41am
Sonofanump;788444 wrote:With the pending sale, I do not beleive that any Canadian city (besides Quebec) that has had a franchise post WWII is currently without one.

If Canada were to get another NHL franchise, they would need to somehow have it be between London and Kitchener to draw enough population.

As far as old US cities, I don't know if Hartford would have enought support to take a franchise back.

Hartford doesn't have enough anything to have an NHL team. During their entire tenure, the team never had even 8,000 season tickets sold. The arena was a dump and only somewhat accessible, and nothing has changed.

The only people who gave a damn about Hartford, outside of a segment of the population there, are the nostalgic types.
NNN's avatar
NNN
Posts: 902
Jun 2, 2011 11:49am
gorocks99;788467 wrote: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.
So? You forget one very important thing, and that's whether ownership really cares. There are those who have looked at the numbers and believe that less than half of NHL teams are actually profitable, and that those on the negative side of the ledger include several "traditional" teams. Hell, Chicago had brutal attendance even after the lockout and hemorrhaged money. Suddenly they had some success, and that took care of that.
So, clearly, Florida is in a bad place in terms of hockey.

That's a pretty big jump to make. Florida has been terrible for their entire existence, save the 1995-96 season, yet they've only dropped below 15K average attendance once in the last 13 years. If you pull up the ratings by city from the 2010 Olympic gold medal game, which I believe featured 0 Panthers, there were two separate South Florida cities in the top 25, ahead of several "traditional" markets.
jordo212000's avatar
jordo212000
Posts: 10,664
Jun 2, 2011 12:03pm
add me to the group who thinks there should be a larger presence in Canada and a limited presence south of the Mason Dixon line
gorocks99's avatar
gorocks99
Posts: 10,760
Jun 2, 2011 12:05pm
Olympic hockey =/= NHL hockey. The Panthers have one of the worst, if not THE worst, local viewerships in the league (a .19 rating, they get beat locally by infomercials and kids cartoons): http://www.nesn.com/2011/02/florida-panthers-suffer-attendance-and-viewership-woes-as-ratings-come-in-under-kids-cartoons-and-in.html
NNN's avatar
NNN
Posts: 902
Jun 2, 2011 12:07pm
gorocks99;788577 wrote:Olympic hockey =/= NHL hockey. The Panthers have one of the worst local viewerships in the league (a .19 rating, they get beat locally by infomercials and kids cartoons): http://www.nesn.com/2011/02/florida-panthers-suffer-attendance-and-viewership-woes-as-ratings-come-in-under-kids-cartoons-and-in.html

How familiar are you with the Panthers' TV deal?
NNN's avatar
NNN
Posts: 902
Jun 2, 2011 12:08pm
jordo212000;788573 wrote:add me to the group who thinks there should be a larger presence in Canada and a limited presence south of the Mason Dixon line

Who goes and why, and who gets a team and why?
gorocks99's avatar
gorocks99
Posts: 10,760
Jun 2, 2011 12:12pm
NNN;788582 wrote:How familiar are you with the Panthers' TV deal?

They're on Fox Sports Florida, right? And honestly, I'm interested as to why Florida is such a great option. If there are numbers that support the team being viable there it'd be good to see - I'm all for successful teams in non-traditional markets - but I'm having a hard time seeing South Florida as a beacon of NHL awesomeness.
NNN's avatar
NNN
Posts: 902
Jun 2, 2011 12:20pm
gorocks99;788591 wrote:They're on Fox Sports Florida, right? And honestly, I'm interested as to why Florida is such a great option. If there are numbers that support the team being viable there it'd be good to see - I'm all for successful teams in non-traditional markets - but I'm having a hard time seeing South Florida as a beacon of NHL awesomeness.

Yes on the first part, but the details are a total mystery. Besides, you're asking a market full of the old and decrepit to stay up past "Wheel of Fortune" to watch hockey. If games were at 1 PM on weekdays and broadcast at Golden Corral, the ratings would skyrocket.

And there's nothing that suggests that south Florida is not viable. At least, there's no standard that can be used to assert that point that couldn't also have been used to prove that Detroit, Chicago, Pittsburgh, Minnesota, or several other major cities are not viable.
gorocks99's avatar
gorocks99
Posts: 10,760
Jun 2, 2011 12:36pm
So, would you argue that without full financial records we, as fans, can't determine the viability of a team, or would you argue that financial records shouldn't be a factor in determining viability and that the point of the team isn't necessarily financial success, but rather some immeasurable factor?
Raw Dawgin' it's avatar
Raw Dawgin' it
Posts: 11,466
Jun 2, 2011 12:38pm
gorocks99;788591 wrote:They're on Fox Sports Florida, right? And honestly, I'm interested as to why Florida is such a great option. If there are numbers that support the team being viable there it'd be good to see - I'm all for successful teams in non-traditional markets - but I'm having a hard time seeing South Florida as a beacon of NHL awesomeness.

I heard one reason they don't move is because they don't pay a lot to play at their arena.
T
thavoice
Posts: 14,376
Jun 2, 2011 3:00pm
I am all for more canadian teams.....because they appreciate hockey so much more.



Hre is interesting read, for some, about how the exchange rate affects teams in canada.

http://www.cbc.ca/sports/hockey/story/2008/10/23/f-nhl-loonie.html


basically says....they pay out in american dollars, and at times (like of this article was written0 the Canada dollar is less....they take in canadain dollars and pay out in american.
ts1227's avatar
ts1227
Posts: 12,319
Jun 4, 2011 2:13pm
Winnipeg had their "Drive for 13(K)" season ticket promotion... Moose season ticket holders were given first dibs the past few days and bought about 7,500 of them. The general public was given a crack at the balance of them at 12:00 PM today, and they lasted a whole 1 minute.

MTS Centre only seats a few over 15,000, so they are getting a lot of money up front here. Good sign for Winnipeg.
Cat Food Flambe''s avatar
Cat Food Flambe'
Posts: 1,230
Jun 4, 2011 8:16pm
ts1227;790724 wrote:Winnipeg had their "Drive for 13(K)" season ticket promotion... Moose season ticket holders were given first dibs the past few days and bought about 7,500 of them. The general public was given a crack at the balance of them at 12:00 PM today, and they lasted a whole 1 minute.

MTS Centre only seats a few over 15,000, so they are getting a lot of money up front here. Good sign for Winnipeg.
ESPN is stating they sold the entire 13,000 goal - in seventeen minutes. Size of the market isn't the whole picture - it's the size of the market that will pay to see hockey games that matters. I mean, a media market area that would in the bottom quarter of the NFL regularly packs 105,000 butts in seats for football games at tOSU. Even allowing for students, that's pretty good market saturation.

I think Quebec City stands a reasonable chance of getting a relocated team, simply because intense provincial pride will allow them to raise the money to build a suitable facility. Montreal doesn't see to have any issues with another team on PQ. The Leafs, however, will never let a team into Hamilton.

Columbus had better wake up and help arrange a better arena deal with the Blue Jackets, or it could well be the CBJs. With the Schott just two miles up Neil Avenue competing for non-sporting events, they got a bit of a raw deal.
ts1227's avatar
ts1227
Posts: 12,319
Jun 4, 2011 8:38pm
They actually took 4 minutes to sell the remaining 5,800 or so today, with all processing taking 17 minutes.

They also capped their waiting list at 8,000 and shut it off too.
sej's avatar
sej
Posts: 540
Jun 6, 2011 11:23am
One cool thing that happened because of the Thrashers...

http://www.ajc.com/sports/atlanta-thrashers/thrashers-may-die-but-967415.html
End of Line's avatar
End of Line
Posts: 6,867
Jun 6, 2011 1:23pm
It would be pretty cool to see Teemu Selanne come back and play for one year in Winnipeg.

I highly doubt he would, he'll either retire or play in Anaheim for another year.
ts1227's avatar
ts1227
Posts: 12,319
Jun 22, 2011 7:49pm
Sale and relocation were both unanimously approved Tuesday, everything is official.

Team just needs a name.
TedSheckler's avatar
TedSheckler
Posts: 3,974
Jun 22, 2011 9:40pm
ts1227;810551 wrote:Team just needs a name.

This weekend.
ts1227's avatar
ts1227
Posts: 12,319
Jun 22, 2011 10:20pm
TedSheckler's avatar
TedSheckler
Posts: 3,974
Jun 23, 2011 12:48pm
Claude Noel
Tiger2003's avatar
Tiger2003
Posts: 15,421
Jun 23, 2011 12:59pm
Can't wait to make the trip North to Winnipeg to watch some hockey.
gorocks99's avatar
gorocks99
Posts: 10,760
Jun 24, 2011 3:46pm
Going to be official tonight, but looks like they're going to be the Winnipeg Jets again: http://www.montrealgazette.com/Jets+land+again+Winnipeg+reports/5001195/story.html

dazedconfused's avatar
dazedconfused
Posts: 2,662
Jun 24, 2011 4:53pm
i think i just became a jets fan
jordo212000's avatar
jordo212000
Posts: 10,664
Jun 24, 2011 4:57pm
Glad to hear they are the Jets. I can't picture them being anything else. Glad that the NHL/Coyotes didn't block it.