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Forums :: Blog World :: Todd Cordell: Report: New Jersey Devils in More Financial Trouble
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Kovaltron
New Jersey Devils
Joined: 01.09.2012

Aug 8 @ 2:06 PM ET
Fire and Ice reporting?
- Chieppa1


Only people reporting (as usual) is the NY post.
_Zippy_
New Jersey Devils
Location: Threw one in front blocked the, NJ
Joined: 01.26.2012

Aug 8 @ 2:14 PM ET
You would think so...
Yet Nashville made 2nd round and are hurting...
Yotes made 3rd round and are hurting BAD...
Devils made SCF and are hurting...

Leafs haven't made playoffs in 8 years and make the most money out of any team by far...

- BoBBeR56


Devils made money last year.

However, it is the previous debt that is hurting all those teams. Coyotes from years of mediocracy, Nashville from building a market finally, and the Devils from taking out a loan to build Prudential Center.
shvingter88
New Jersey Devils
Location: Puljujarvi makes draisitil and mcdavid better, CT
Joined: 10.12.2009

Aug 8 @ 2:16 PM ET
Todd Cordell: Report: New Jersey Devils in More Financial Trouble
- Todd.Cordell

I'm curious what Jeff_121 has to say on the matter
shvingter88
New Jersey Devils
Location: Puljujarvi makes draisitil and mcdavid better, CT
Joined: 10.12.2009

Aug 8 @ 2:20 PM ET
Devils news: Henrique goal used in NBCsports promo. Yeah, we're important now.
- Pomegrant

They're going to cg a Quebec jersey on him
bobert836
New Jersey Devils
Location: Buying a dolphin and putting it in your swimming pool makes more sense, BC
Joined: 06.19.2010

Aug 8 @ 2:20 PM ET
I'm curious what Jeff_121 has to say on the matter
- shvingter88


BoBBeR56
Toronto Maple Leafs
Location: Leaf Nation, ON
Joined: 06.30.2010

Aug 8 @ 2:22 PM ET
Devils made money last year.

However, it is the previous debt that is hurting all those teams. Coyotes from years of mediocracy, Nashville from building a market finally, and the Devils from taking out a loan to build Prudential Center.

- _Zippy_

Did they?
Forbes said they lost $6.1mil...
Preds lost $7.5mil...
Yotes lost $24.4mil...
shvingter88
New Jersey Devils
Location: Puljujarvi makes draisitil and mcdavid better, CT
Joined: 10.12.2009

Aug 8 @ 2:23 PM ET

- bobert836

Guy has been a devils fan for 20 years. That must have been a rough 20.

He should do himself a favor and become a rags fan.
Kovaltron
New Jersey Devils
Joined: 01.09.2012

Aug 8 @ 2:24 PM ET
http://www.funnieststuff.net/viewmovie.php?id=2998
rmdevil313
Edmonton Oilers
Location: Your a (frank)ing fag and I hope you get crippled- Cranny, MN
Joined: 01.05.2009

Aug 8 @ 2:31 PM ET
Did they?
Forbes said they lost $6.1mil...
Preds lost $7.5mil...
Yotes lost $24.4mil...

- BoBBeR56


Regular season.
Kovaltron
New Jersey Devils
Joined: 01.09.2012

Aug 8 @ 2:32 PM ET
Did they?
Forbes said they lost $6.1mil...
Preds lost $7.5mil...
Yotes lost $24.4mil...

- BoBBeR56


Regular season. Devils made 30 mil + in playoff revenue.

Edit: Sorry RM didnt see your post.
rmdevil313
Edmonton Oilers
Location: Your a (frank)ing fag and I hope you get crippled- Cranny, MN
Joined: 01.05.2009

Aug 8 @ 2:33 PM ET
Oh, you understand economics. I'm dumb.
- Pomegrant

Atomic Wedgie
Toronto Maple Leafs
Location: The centre of the hockey universe
Joined: 07.31.2006

Aug 8 @ 2:34 PM ET
Regular season. Devils made 30 mil + in playoff revenue.

Edit: Sorry RM didnt see your post.

- Kovaltron

Huh?
bobert836
New Jersey Devils
Location: Buying a dolphin and putting it in your swimming pool makes more sense, BC
Joined: 06.19.2010

Aug 8 @ 2:35 PM ET
Huh?
- Atomic Wedgie


Been a long time?
Atomic Wedgie
Toronto Maple Leafs
Location: The centre of the hockey universe
Joined: 07.31.2006

Aug 8 @ 2:45 PM ET
It's because Canada doesn't have enough people. Yes, Canada made hockey and they are obviously extremely passionate about hockey but that doesn't make professional hockey viable everywhere in Canada. The US has many more large markets than Canada and without expansion to non-traditional markets we wouldn't have successful franchises in the southern and south western states. Yes, the Coyotes franchise blows but look at Dallas, Nashville, Tampa, San Jose, Anaheim, and Carolina. These are teams that took time to cultivate a fan base which is a long process but it worked. Atlanta, Florida, and Phoenix might not be working but so far the NHL has had more success in non-traditional markets than failures.
- Pomegrant

I'm going to stick up for the NHL here.

Atlanta has a team because Ted Turner wanted one, and promised to put games on TBS. That's a no-brainer.

Florida has a team because Wayne Huizenga wanted one, and he owned Blockbuster, which at the time was a huge media powerhouse (my, how things have changed).

Phoenix has a team because someone bought the team and moved it there. People seem to forget this.

And in both Florida and Phoenix, I would argue that a huge contributing problem would be the fact that they moved the teams to the middle of nowhere.
Atomic Wedgie
Toronto Maple Leafs
Location: The centre of the hockey universe
Joined: 07.31.2006

Aug 8 @ 2:46 PM ET
Been a long time?
- bobert836

I know people with shorter sentences for manslaughter.
rmdevil313
Edmonton Oilers
Location: Your a (frank)ing fag and I hope you get crippled- Cranny, MN
Joined: 01.05.2009

Aug 8 @ 2:46 PM ET
Congratulations - every "fact" except for saying that the US has more people than Canada was wrong. There are no succesful franchises in the southern and south western US and all the successful teams that you listed are losing money.

The "fact" is that hockey has only limited, interest in the US focused in a few markets. To try to build a national league out of niche market is simply bad business.

As a hockey fan who happens to be Canadian, I don't have any concerns about there being more American than Canadian teams. What I do want is more financially viable teams and if teams have to be moved because they can't make it work, I don't really care where they end up as long as they have a chance to make money. I do know that new teams in Toronto, Quebec City, Hamilton would all make money.

- Canada Cup


You are judging a long term plan on its short term results.

Would quebec city make money? Winnipeg lost over 5 million, and only made more than the Islanders and Coyotes in revenue. Moving 2 more teams to the GTA is not a sound long term plan.
rmdevil313
Edmonton Oilers
Location: Your a (frank)ing fag and I hope you get crippled- Cranny, MN
Joined: 01.05.2009

Aug 8 @ 2:47 PM ET
I'm going to stick up for the NHL here.

Atlanta has a team because Ted Turner wanted one, and promised to put games on TBS. That's a no-brainer.

Florida has a team because Wayne Huizenga wanted one, and he owned Blockbuster, which at the time was a huge media powerhouse (my, how things have changed).

Phoenix has a team because someone bought the team and moved it there. People seem to forget this.

And in both Florida and Phoenix, I would argue that a huge contributing problem would be the fact that they moved the teams to the middle of nowhere.

- Atomic Wedgie


_Zippy_
New Jersey Devils
Location: Threw one in front blocked the, NJ
Joined: 01.26.2012

Aug 8 @ 2:52 PM ET
Huh?
- Atomic Wedgie



_Zippy_
New Jersey Devils
Location: Threw one in front blocked the, NJ
Joined: 01.26.2012

Aug 8 @ 2:55 PM ET
I'm going to stick up for the NHL here.

Atlanta has a team because Ted Turner wanted one, and promised to put games on TBS. That's a no-brainer.

Florida has a team because Wayne Huizenga wanted one, and he owned Blockbuster, which at the time was a huge media powerhouse (my, how things have changed).

Phoenix has a team because someone bought the team and moved it there. People seem to forget this.

And in both Florida and Phoenix, I would argue that a huge contributing problem would be the fact that they moved the teams to the middle of nowhere.

- Atomic Wedgie


And the vast potential given the size of the markets and the metropolitan areas? That has to be put into serious consideration. Had Phoenix not moved to the middle of (frank)ing nowhere, their situation would be better right now. They moved 30 miles outside of Phoenix, compared to their old arena which was in the center of Phoenix.

Now people who might've said, the Coyotes play 10 minutes away, let's go catch a game, and potentially start seeing the team regularly look at it and say, I don't feel like driving 30-40 minutes there and back from Glendale.
Atomic Wedgie
Toronto Maple Leafs
Location: The centre of the hockey universe
Joined: 07.31.2006

Aug 8 @ 2:56 PM ET
You are judging a long term plan on its short term results.

Would quebec city make money? Winnipeg lost over 5 million, and only made more than the Islanders and Coyotes in revenue. Moving 2 more teams to the GTA is not a sound long term plan.

- rmdevil313

Moving 2 more teams to the GTA is never going to happen - the Leafs have territorial rights, and they aren't going to give them up. It's a non-starter.

Quebec City is very, very small. I can't help but think that the majority of people who support a move there haven't actually been there. Unless the owner is willing to lose money (Carling was OK with it the last time), it's going to be an uphill battle.

And by the way, someone earlier suggested that Canadian fans are just dying to see more teams in Canada.

Let me assure you: TROC (the rest of Canada) won't be upset if Quebec City doesn't get a team.
Atomic Wedgie
Toronto Maple Leafs
Location: The centre of the hockey universe
Joined: 07.31.2006

Aug 8 @ 3:01 PM ET
And the vast potential given the size of the markets and the metropolitan areas? That has to be put into serious consideration. Had Phoenix not moved to the middle of (frank)ing nowhere, their situation would be better right now. They moved 30 miles outside of Phoenix, compared to their old arena which was in the center of Phoenix.

Now people who might've said, the Coyotes play 10 minutes away, let's go catch a game, and potentially start seeing the team regularly look at it and say, I don't feel like driving 30-40 minutes there and back from Glendale.

- _Zippy_

Yeah, maybe, but in the end, I just don't see it working.

I think the big problem is the lack of hockey players in these markets. It just stands to reason that if you play the game, you'll probably like it more.

I just don't see any business model whereby the Coyotes are ever successful. If that's the case, why are we continuing to try to keep them there?

Oddly enough, it's probably this and the other franchises that will ultimately help the Devils' financial situation. If the owner can't come up with the $20 million by next week, the creditors are probably still better off working with him. It's not like they can simply take the team and sell it - nobody wants it. Nobody wants the Coyotes. Nobody wanted the Stars. Nobody wants Florida.

Supply is high, and demand is non-existent.
rmdevil313
Edmonton Oilers
Location: Your a (frank)ing fag and I hope you get crippled- Cranny, MN
Joined: 01.05.2009

Aug 8 @ 3:04 PM ET
Moving 2 more teams to the GTA is never going to happen - the Leafs have territorial rights, and they aren't going to give them up. It's a non-starter.

Quebec City is very, very small. I can't help but think that the majority of people who support a move there haven't actually been there. Unless the owner is willing to lose money (Carling was OK with it the last time), it's going to be an uphill battle.

And by the way, someone earlier suggested that Canadian fans are just dying to see more teams in Canada.

Let me assure you: TROC (the rest of Canada) won't be upset if Quebec City doesn't get a team.

- Atomic Wedgie


Its a shame. Those nordiques jerseys were awesome.
shvingter88
New Jersey Devils
Location: Puljujarvi makes draisitil and mcdavid better, CT
Joined: 10.12.2009

Aug 8 @ 3:08 PM ET
Its a shame. Those nordiques jerseys were awesome.
- rmdevil313

Hartford it is
rmdevil313
Edmonton Oilers
Location: Your a (frank)ing fag and I hope you get crippled- Cranny, MN
Joined: 01.05.2009

Aug 8 @ 3:12 PM ET
Yeah, maybe, but in the end, I just don't see it working.

I think the big problem is the lack of hockey players in these markets. It just stands to reason that if you play the game, you'll probably like it more.

I just don't see any business model whereby the Coyotes are ever successful. If that's the case, why are we continuing to try to keep them there?

Oddly enough, it's probably this and the other franchises that will ultimately help the Devils' financial situation. If the owner can't come up with the $20 million by next week, the creditors are probably still better off working with him. It's not like they can simply take the team and sell it - nobody wants it. Nobody wants the Coyotes. Nobody wanted the Stars. Nobody wants Florida.

Supply is high, and demand is non-existent.

- Atomic Wedgie


It takes time to develop a love for the game, and often times a long playoff run. We are starting to see quite a few players from the LA area. I know the Dallas owner built a number of rinks to help spread the game, and I believe one of the upcoming top prospect played his youth hockey in texas.

Pheonix is a lost cause at this point.
rmdevil313
Edmonton Oilers
Location: Your a (frank)ing fag and I hope you get crippled- Cranny, MN
Joined: 01.05.2009

Aug 8 @ 3:14 PM ET
Hartford it is
- shvingter88


They have some nice jerseys too.

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