Thread: Kings make a profit in 2012...woo hoo.

It took winning the cup, but the LA Kings finally made it in the black last season with 1.8mil.

NHL Team Values 2012: Toronto Maple Leafs Are First Hockey Team Worth $1 Billion - Forbes

Wow, only made $1.8 million after going 4 rounds and winning it all? Sorry, but that has to be BS. The financial voodoo going-on must be mesmerizing. The Jets made $13 million only on selling-out their 16000 seat arena and merch?

Originally Posted by aragorn

It took winning the cup, but the LA Kings finally made it in the black last season with 1.8mil.

NHL Team Values 2012: Toronto Maple Leafs Are First Hockey Team Worth $1 Billion - Forbes

Where does it say they made 1.8 mil? I was under the impression that they lost money last year but were close to breaking even. I wonder where they get these numbers.

If I win poweball tonight I will buy the Kings for 210 Million and turn a profit in the 2nd year

Originally Posted by SuxBeingU

If I win poweball tonight I will buy the Kings for 210 Million and turn a profit in the 2nd year

For 210 Million, the only team you're going to get is the Islanders.

They are valued at 270 that was before the lockout surely the value of the teams has and will go down even the first few years after it settled

I think it says 1.8 million as a operating income. and with only 9 home playoff games. And now with seats going up anywhere from 10%-48% those profits will be that 35% plus he new Fox TV rights .

Originally Posted by rinkrat

Where does it say they made 1.8 mil? I was under the impression that they lost money last year but were close to breaking even. I wonder where they get these numbers.

Under the Team Value page at 1. Toronto Maple Leafs - Mike Ozanian SportsMoney - Forbes

13 teams had negative operating income. In Nov 2011 the Kings lost money but it appears that 4 rounds of playoffs finally got them in the black. NJ, also because of the 4 playoff rounds, made 2.8 million. Maybe these teams would make more if like the leafs they would charge $250 seat. No individuals can afford season seats for the leafs.

Originally Posted by tom91381

And now with seats going up anywhere from 10%-48%

They better not after a lockout. They better go down.