It’s true about any business: Cash is king.
In this economy, when businesses of all shape and size are losing money, making money is one of the great struggles in America. There are well-educated people all over this country trying to re-invent the wheel to make a square peg fit into a round hole for the sake of driving the bottom line.
In professional sports, the bottom line has been drawn down by everything else in the country going under. If mom and dad are deciding between a tank of gas and a new jersey, they’ll make sure they can get to work (if they still have a job).
Tickets are an even greater luxury, especially in this age of $5 hot dogs and $8 beers.
You can read in any newspaper about Major League Baseball teams losing revenue at record rates in 2009, and the NFL has struggled for the first time in a strike-free scenario to fill stadiums. And those leagues are well run.
Enter the Gary Bettmen-run National Hockey League. A wonderful, classic game that’s been misrepresented for a generation and continues to struggle from poor marketing. The Phoenix Coyotes are working their way through bankruptcy, while the ...
Read Full Article at Bleacher Report - NHL
Article written by TAB BAMFORD
The Blackhawks’ Great Gamble: Spending vs. Revenue Generating
November 18th, 2009 by TAB BAMFORD Leave a reply »
Advertisement