You have to first believe that the owners are honest and that they are up front with their private books.. and that unlike the US Banks, Electrical Companies, Savings & Loans, Chemical Companies, Insurance companies, Auto Industry, that they aren't cooking their books and are honest.
San Jose did not lose any money... with practical sell-outs every night.. only a truly incompetent management team could lose money there. But most people believed it because Forbes Mag reported such. When Forbes never actually saw their balance sheets.
Funny thing also is a good chunk of their advertisers happen to be some of the same owners.. matter of fact half or more of the media that reports on the CBA negotiations are owned or make money from said group of owners.
Don't believe everything you read.
One month Leipold is losing millions next month he signs two players for a good chunk over 100 million dollars..
Cry me a river.. the NHL loser franchises were put in place by the owners & Bettman.. time to move them to somewhere profitable.. and stop the self sabotage.
Weird but in most other businesses if they opened weak franchises they would go bankrupt or close the doors on those ailing locations.. why should the NHL be any different.
Unlike other industries in North American.. Sports Franchises are the only ones demanding regulation while all the other free enterprises are asking for deregulation.
Free market if you can't balance your books... then you close your doors. Why should the players suffer for the ineptitude of the owners.
I pay to watch players play not to watch the owners shut down the NHL every few years so they can steal more money.
They already wine & dine their clients on the teams bill and get tons of free advertising & marketing directly from owning the team.. yet they want more.
PLAYERS