Hasso Plattner

Sharks owner: “You cannot make money with a hockey team”

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After announcing he’d purchased shares from a pair of former investors in the organization, Sharks majority owner Hasso Plattner sat down with a group of reporters to discuss owning a hockey team.

Specifically, how it doesn’t make him any money.

“You cannot make money with a hockey team,” he explained. “You cannot make money with a hotel, either, and you cannot make money with a golf club. I have all three of them (laughs).”

Here’s more, from CSN Bay Area’s Kevin Kurz:

Investors Kevin Compton and Stratton Sclavos, who were the acting figureheads of the company, have sold their shares to Plattner, it was announced by the team on Wednesday.

The reasons for their decision and departure are private…

…“We want to continue as much as possible the same way,” said Plattner, who had a majority share of the company even before acquiring Compton’s and Sclavos’ shares.

“We still want to have a championship team and win the Stanley Cup. That’s clearly the number one objective of a sports club, otherwise you should not be in the sports business.”

Plattner also wants to make sure the Sharks, who claimed a loss of $15 million last season, have a sustainable business model. He has no fantasies of turning a major profit, though.

“The financial situation is not better this year than last year,” he said. “On the other hand, I said this to the employees, don’t worry. My credit line is good enough, if you look it up.

Plattner is the co-founder of SAP, one of the world’s largest software companies. According to Forbes, he is the world’s 127th richest man and has a net worth of approximately $7.2 billion.

The golf club/resort he owns is the Fancourt Estate in South Africa, which features a luxury hotel and four Gary Player-designed courses — its links course hosted the 2003 Presidents Cup.

So as you can see, the man has quite the financial portfolio and sporting background. Why, then, invest in a hockey team he readily admits can’t make money?

Easy.

“Despite it’s such a hard sport, and tough sport, and sometimes violent, it is aesthetically unbelievable when you see the guys and what they can do on skates at the tempo,” he said.

“This is missing in soccer.”

Blues aim to raise money for victims of Fort McMurray fires

An evacuee puts gas in his car on his way out of Fort McMurray, Alberta, as a wildfire burns in the background Wednesday, May 4, 2016. The raging wildfire emptied Canada's main oil sands city, destroying entire neighborhoods of Fort McMurray, where officials warned Wednesday that all efforts to suppress the fire have failed.  (Jason Franson /The Canadian Press via AP) MANDATORY CREDIT
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Fires devastated the Canadian city of Fort McMurray, and the St. Louis Blues are doing their part to help those who were affected.

Here’s what the team is doing to raise money during Game 4 against the Dallas Stars:

Proceeds raised through the team’s 50/50 raffle and the Blues for Kids silent auction will benefit families who have been misplaced by the fires.

Blues forward Scottie Upshall shared his thoughts with the Associated Press regarding several family members being among those evacuated from the area.

“It’s been a great city, a city that’s survived for many years through some tough times and for me, growing up there doesn’t seem too long ago,” Upshall said. “Places that probably aren’t standing anymore will be really, really tough to take. But as long as everyone’s OK, that’s the main thing.”

Other people from around the hockey world weighed in on the scary scene, including Ottawa Senators defenseman Chris Phillips, who told the Ottawa Citizen that “it hurts a lot.”

People shared some scary sights from the evacuation.

Video: Beagle’s perfect shot dogs Murray for early Caps lead

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Matt Murray was just on another level in Game 3, giving the impression that the Washington Capitals would only beat him with perfect shots.

Jay Beagle got that memo … and maybe added a little element of surprise on top of that.

As you can see from the video above, Beagle beat Murray from an unexpected angle with a pretty resounding goal. It was one of those “Wait, did that just happen?”-type moments.

The Capitals saw their lead go away moments before this post was completed, so it’s now 1-1.

WATCH LIVE: Washington Capitals at Pittsburgh Penguins – Game 4

Washington Capitals T.J. Oshie (77) tries to slide the puck past Pittsburgh Penguins goalie Matt Murray (30) during the third period of Game 3 in an NHL hockey Stanley Cup Eastern Conference semifinals in Pittsburgh, Monday, May 2, 2016. (AP Photo/Gene J. Puskar)
AP
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The Pittsburgh Penguins won Game 3 thanks to Matt Murray‘s heroics, but now they must face the Washington Capitals without Kris Letang in Game 4.

(And the Penguins were overwhelmed for much of that last contest with their best blueliner.)

The Capitals, meanwhile, acknowledge the baggage – perceived or not – of the past as they try to tie this series.

It should be a fascinating Game 4, and you can soak in all the drama and action on NBCSN and also stream it via the link below.

CLICK HERE TO WATCH LIVE

To be young: Coyotes to hire 26-year-old as GM, give Tippett more say

Arizona Coyotes head coach Dave Tippett watches his team play the Detroit Red Wings during the second period of an NHL hockey game in Detroit, Thursday, Dec. 3, 2015.  (AP Photo/Jose Juarez)
AP
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It sounds like the Arizona Coyotes’ youth movement won’t merely be seen on the ice.

ESPN’s Craig Custance reports that the Coyotes will promote 26-year-old assistant GM John Chayka to GM. The team teased a major press conference for Thursday, when that news is likely to be made official.

The presser could be useful for more than the usual quotes and mission statements, as the Coyotes seem like they may parallel the Toronto Maple Leafs in combining an experienced executive, a young up-and-coming thinker and a more empowered head coach.

Dave Tippett is expected to have more of a say in personnel decisions while the Coyotes hope to bring in a Lou Lamoriello-type to assist Chayka, according to Custance.

(Custance’s ESPN Insider article [subscription required] goes in much greater depth, including a comparison to the NBA’s Golden State Warriors rather than the Maple Leafs.)

It’s possible that Dallas Stars assistant GM Les Jackson might come in to help Chayka, although an earlier report suggests that Jackson might stay in Dallas.

Multiple reporters including Puck Daddy’s Josh Cooper back up Custance’s report.

Considering Chayka’s age – he’s primed to become the youngest GM in NHL history – it’s no surprise that people are churning out jokes.

(This post’s author comes with six more years of [life] experience and a resume stacked with impressive video game and fantasy hockey team-building, by the way.)