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Question about finances
Posted: Fri Jun 19, 2009 10:47 pm
by watts555
Hey guys, I was just wondering.. my Finances keep going into the negative each month.. What can I do to fix this?
Posted: Fri Jun 19, 2009 11:41 pm
by getzlaf15
I'm sure someone will have more reasons, but the main one's i can think of are:
Reduce staff costs...
Win more games to bring more people to your games...

Posted: Sat Jun 20, 2009 3:01 am
by jbsnadb
Making the playoffs definitely helps!

Posted: Sat Jun 20, 2009 6:45 am
by thunderbug
Going far into the playoffs help too.
Posted: Sat Jun 20, 2009 8:46 pm
by mig174
you have to cut down on staff/star players to continue making money in the regular season in the NHL.
Usually, it goes something like this:
+tons of money (say 30-40 million) in July-August for season tickets
+anywhere from 30 to 60 million from tickets/other things during the season + playoffs (depending on how good you are)
-lose about 100 million over the course of each year (spend to the cap, hire a big network of scouts, good coaches, and 25$ mill to the shareholders
repeat cycle.
Posted: Mon Jun 22, 2009 3:55 am
by bruins72
Cutting back on the number of scouts is definitely a good idea. If they're not a really good scout, can them and save the money. Plus, doesn't it cost you to send your scouts out to work?
Posted: Sat Jun 27, 2009 8:01 am
by Iceman90
I find that I am often losing money monthly, but as soon as I hit the playoffs, I gain huge amounts every month that, if I can go deep, keep me in the positive cash flow for the year.
Posted: Sun Jun 28, 2009 4:37 am
by bruins72
It's like in real life. So much of the money made during the year goes toward paying salaries. The playoffs is where the team brings in a lot of profit.