Forbes reports Sharks losses of $15 million in 2011-12. There have been reports of losses in the $20-million range, despite the fact that San Jose has been the model NHL organization.
It should be worrisome for commissioner Gary Bettman that a franchise run more skillfully than any of the seven Canadian teams could be a money loser, while averaging slightly better than two playoff rounds per season for the past nine seasons.
This article is originally about the Sharks being a cup-threat this year but, for me, the bigger story is that the Sharks organization is losing a lot of money every year.
Is this true? Is some sales stat missing? Here's the article coming out yesterday.
If it is true, and we're selling out every game and selling a ton of apparel and whatnot, what's the answer besides going deep in the playoffs? If "going deep in the playoffs" is the answer for teams to be profitable, how are teams supposed to remain consistently in the black? It doesn't seem like a good long-term business strategy.