Truth & Rumors > NHL

Red Wings may owe Detroit $70M

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08:35 AM ET 12.26 | Detroit mayor Dave Bing's agenda finds the city's hockey team in the cross hairs. [Bing] pledged last week to get tough on the city's debtors, but he and other mayors have never collected on tens of millions of dollars that could be owed by the owners of the Detroit Red Wings. A little-known provision in Olympia Entertainment's lease of city-owned Joe Louis Arena and Cobo Arena promises Detroit a 25 percent share of cable television rights for live events. That's been the deal since 1980, but Detroit hasn't been able to collect a dime, according to city documents obtained by The Detroit News. One rough estimate from finance staffers last year estimated the city is owed $70 million, but a national sports economist cautioned it's likely much lower.

The Detroit News

Pavel Datsyuk, Getty Images Pavel Datsyuk, Getty Images
December 26, 2012  08:41 AM ET

That's a lot of cheap pizza.

December 26, 2012  08:45 AM ET



We've discussed this.

December 26, 2012  11:32 AM ET
QUOTE(#1):

That's a lot of cheap pizza.

Hire Jerry Lee Lewis to do a charitable Little Caesar's pizzathon for the poor and downtrodden Detroitians.

December 26, 2012  11:40 AM ET

Some kind of law probably won't allow them to go back 35 years like that.

December 26, 2012  12:04 PM ET

Gary Bettman has struck again!

Comment #6 has been removed
December 26, 2012  12:39 PM ET
QUOTE(#6):

Datsyuk's all like " I aint gonna pay that "

Being there is a "C" on the jersey behind him I think the look is get those sweedish meatballs away from back there

December 26, 2012  03:25 PM ET
QUOTE(#3):

Hire Jerry Lee Lewis to do a charitable Little Caesar's pizzathon for the poor and downtrodden Detroitians.

I think you have your Jerry Lewises confused. Though Great Balls of Fire would be a hit on the ice!

 
December 26, 2012  04:03 PM ET

Sounds like blackmail for wanting to build a new arena. Who waits 35 years then starts harping about taxes? No Gov't I ever heard of.

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