Garrison and Campbell

How the Panthers make money despite, er, losing money

2 Comments

If you’ve ever wondered why anyone would want to own a money-losing NHL team in South Florida, Panthers president Michael Yormark puts it this way:

“I often tell people, we’re in the entertainment business and we happen to own a hockey team. For us, it’s just about providing as much entertainment as we possibly can for our community.”

The “we” Yormark refers to is actually the Panthers’ parent company Sunrise Sports & Entertainment (SSE), which owns both the NHL club as well as an entity called Arena Operating Company (AOC), which as you may have guessed, operates the Sunrise arena in which the Panthers play, the BB&T Center.

The Panthers, as a standalone NHL franchise, aren’t profitable, according to estimates.

But AOC is.

Without the Panthers, however, there wouldn’t be an AOC. That’s because, back in the ‘90s, Broward County built the arena to lure the NHL franchise out of Miami. As part of the deal, the team’s ownership company was granted a 30-year license to operate the arena.

The hockey team, in other words, was the foot in the door.

“We’ve got a niche in the marketplace with our hockey team and a very loyal fanbase,” Yormark tells Forbes, “but our value proposition is all about the entertainment. It’s 170-200 events a year, almost two million people in this building on an annual basis, and we have been successful.”

This Friday, for example, the BB&T Center will host Beatdown 2012, a boxing competition with musical performances by Flo Rida, Fabolous, Waka Flocka, DMX, Travis Porter and Fat Joe. (Tickets are still available!)

Without the Panthers, there’s no rent from Beatdown 2012.

SSE also recently partnered with a Las Vegas gaming company in an attempt to build a casino on land around the arena.

“We are beginning to make a shift into the real estate business with this new venture,” said Yormark.

Without the Panthers, there’s no real estate business.

All of which is surely frustrating for the players, who are being asked to accept a smaller share of hockey-related revenues to offset owners’ losses that are, in some cases, being made up in other areas.

*****The Cult of Hockey and Defending Big D also wrote extensively on this.

Despite tough fight, Stars hand Wild their sixth straight loss

Leave a comment

The Minnesota Wild put together the kind of effort that would beat a lot of NHL teams on Tuesday. Unfortunately for that beleaguered group, it wasn’t enough to edge the Dallas Stars.

Despite generating 40 shots on goal and generating 1-0 and 2-1 leads, the Wild lost to the Stars 4-3 in overtime. With that, they’ve lost six straight games.

(The view doesn’t get much prettier if you pull away a little further, either, as Minnesota’s only won once in the last month, going 1-9-2 in their last 12.)

Ultimately, the Stars’ big guns were too powerful. Tyler Seguin generated two assists and so did Jamie Benn, who set up John Klingberg‘s overtime game-winning goal.

Again, the effort sure seemed to be there for the Wild, even if they’re far beyond the point of accepting moral victories.

As frustrating as this must be, Minnesota’s not that far from a playoff spot. Still, it has to sting to see “Close, but not good enough” as a prevailing theme as of late.

Royal beating: Lucic, Kings crush Bruins 9-2

As Boston Bruins' Patrice Bergeron (37) looks on Los Angeles Kings' Milan Lucic waves to the crowd after a tribute to him was played on the screen during the first period of an NHL hockey game in Boston Tuesday, Feb. 9, 2016. (AP Photo/Winslow Townson)
AP
16 Comments

The Boston Bruins welcomed Milan Lucic back on Tuesday. Maybe they shouldn’t have extended such a warm welcome to the Los Angeles Kings overall, however.

You won’t see many games as lopsided as this one, at least in 2015-16, as the Kings walloped the Bruins by a humbling score of 9-2.

Lucic wasn’t just there, either, as he scored a goal and an assist in his quite triumphant return to Boston.

Tuukka Rask had a short night in Boston’s net, yet it wasn’t as if Jonas Gustavsson enjoyed his time. It was a pretty sound beating by all accounts.

This dominant win is a heck of a way for the Kings to begin an imposing seven-game road trip, which continues against the New York Islanders on Thursday. The Bruins probably want to burn the tape on this one themselves, as they’re about to head on a six-game road trip.

Video: Evander Kane believes he won his fights vs. Alex Petrovic

15 Comments

The Florida Panthers are beating up the Buffalo Sabres where it counts – on the scoreboard – but Evander Kane was happy to highlight his perceived victories in a couple bouts.

Buffalo’s power forward fought Alex Petrovic twice on Tuesday, and Kane wasn’t shy about holding up a “2-0.”

You can watch the second fight above, and the first one below, via Hockey Fights by way of MSG:

This GIF might just say it all, really:

Update: Apparently they fought again moments after this post went up.

Probably safe to call it a rivalry between the two, right?

The Panthers ultimately won 7-4.

Fight video: Yes, a visor-breaking punch

Leave a comment

Some hockey players resist the urge to wear a visor, at least if they’re given that choice.

Perhaps a few will say “Hey, Nathan Beaulieu will just punch it off anyway.”

Maybe not, but Beaulieu provided a rather unique moment in his fight with Cedric Paquette during the Montreal Canadiens – Tampa Bay Lightning game. You can watch that bout in the video above, and see a cut on the Lightning pest’s face from that blow.

Want it in GIF form? OK then: