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Forbes: NHL exaggerated financial losses. Well, duh.

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ZenLefty Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-14-04 03:28 PM
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Forbes: NHL exaggerated financial losses. Well, duh.
Forbes: Losses less than half of what the greedy rotten pigs claimed

NEW YORK -- The NHL suffered less than half the losses it has claimed the past two years, according to a report in Forbes Magazine.

In an article in its Nov. 29 edition, the business magazine -- which did not have access to all of the 30 teams' financial records -- estimates the NHL lost a combined $96 million last season, not $224 million as reported by the league.


For the 2002-03 season, in which the NHL stated losses of $273 million, Forbes estimates they were actually about $123 million.

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THUNDER HANDS Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-14-04 04:17 PM
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1. still
the league is dying. Its not making money and nobody really cares about it anymore.

All its stars can't speak English. Nobody can prounounce their names and the game has become dull and boring thanks to the neutral zone trap.

Whether or not the league is inflating its losses, it can't continue to be solvent the way it is.
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