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Panthers bleeding $100K a day

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07:40 AM ET 02.20 | A bailout from Broward County took a step forward earlier this week for Florida Panthers. The county commission support, voiced informally Tuesday for the first time at a public workshop, ranged from tepid to enthusiastic. But the consensus was clear. ... [The arena operations] have netted the Panthers $127.5 million in profits over the 16 years in which the building has been open, county officials said. Last year, for example, the arena netted $9 million, the county auditor said. But those profits are not enough to balance the huge losses -- $30 million a year -- the hockey team suffers, said Panthers President and CEO Michael Yormark. "We need help," he said. "We're losing $100,000 a day," said Panthers co-owner Doug Cifu, who with Vinnie Viola became the team's fifth owner in September.

Sun Sentinel

Tim Thomas, Icon Sports Tim Thomas, Icon Sports
February 20, 2014  08:09 AM ET

Maybe they could merge with with the Carolina Panthers.

Comment #2 has been removed
February 20, 2014  08:27 AM ET
QUOTE(#1):

Maybe they could merge with with the Carolina Panthers.

Hurricanes?

And that's the New York Jets school of thinking... Have a crappy quarterback? Let's sign or trade for more crappy quarterbacks and maybe they'll form like Voltron to make one good one.

No, the best course of action is to move the Panthers to Quebec, where the franchise will get support.

February 20, 2014  08:36 AM ET

Or move the Panthers to Seattle, where there have been rumors of the city asking for a NHL team.

Personally, that would be a better move than considering an expansion team in the Pacific North West.

February 20, 2014  09:12 AM ET

Ah, the Bettman legacy!

February 20, 2014  09:13 AM ET
QUOTE(#2):

Starting C Cam Newton? I like it.

He'd be a natural to quarterback the PP.

February 20, 2014  09:43 AM ET
QUOTE(#4):

Or move the Panthers to Seattle, where there have been rumors of the city asking for a NHL team. Personally, that would be a better move than considering an expansion team in the Pacific North West.

Seattle needs a new arena before that can happen.

February 20, 2014  10:00 AM ET
QUOTE(#3):

Hurricanes?And that's the New York Jets school of thinking... Have a crappy quarterback? Let's sign or trade for more crappy quarterbacks and maybe they'll form like Voltron to make one good one.No, the best course of action is to move the Panthers to Quebec, where the franchise will get support.

Like the Jets' anaology...spot on.
And as far as Quebec...what? hockey in Canada? Not on Dwarfus' watch

February 20, 2014  10:39 AM ET

Why do they even try to keep a team there. Quebec? Seattle? It doesn't matter just get them to an area that will support hockey.

February 20, 2014  10:40 AM ET

bad coke habits?

February 20, 2014  11:33 AM ET
QUOTE(#5):

Ah, the Bettman legacy!

Exactly

February 20, 2014  11:45 AM ET
QUOTE(#10):

bad coke habits?

Are their good ones ?

February 20, 2014  11:47 AM ET
QUOTE(#10):

bad coke habits?

That's hooker money to Vinnie.

February 20, 2014  12:32 PM ET

I am not sure how this will play out. The Panthers make a decent profit from their arena, but team itself is losing a lot of money. Those numbers sound worse than the Coyotes the last few years. I have pondered since this recent realignment if the league could get balanced? I could see if the Panthers have issues like this by the end of next year, the Miami region may not have a NHL team. Florida has not been a very successful NHL team as once the year 2000 hit it started going downhill as they missed playoffs every year but 2012.

The solution is to entertain the idea to move this team to Seattle. I am quite sure there will be a new arena built as the city desperately wants an NBA team back there too. They have WHL history and you can have a region rivalry with Vancouver. The best thing is then both conferences are at 15 apiece so the schedule will be more balanced.

I still want to see a team in Quebec City but that will be expansion whenever that happens. I guess the second spot would be another Toronto team, Portland, Kansas City, Houston, or if a new arena is built then Milwaukee.

Comment #15 has been removed
Comment #16 has been removed
February 20, 2014  01:02 PM ET
QUOTE(#1):

Maybe they could merge with with the Carolina Panthers.

Quebec City is waiting with open arms!

February 20, 2014  01:28 PM ET
QUOTE(#16):

They already have an Arena, Key Arena, which used to be the Sonics' home.

The same Key Arena that needed to be replaced and was pretty much the sole reason the Oklahoma City Thunder exist today? I'm sure if it wasn't good enough for basketball it ought to be great for hockey.

February 20, 2014  02:08 PM ET
QUOTE(#16):

They already have an Arena, Key Arena, which used to be the Sonics' home.

Like I said...

 
February 20, 2014  02:47 PM ET
QUOTE(#14):

I am not sure how this will play out. The Panthers make a decent profit from their arena, but team itself is losing a lot of money. Those numbers sound worse than the Coyotes the last few years. I have pondered since this recent realignment if the league could get balanced? I could see if the Panthers have issues like this by the end of next year, the Miami region may not have a NHL team. Florida has not been a very successful NHL team as once the year 2000 hit it started going downhill as they missed playoffs every year but 2012.The solution is to entertain the idea to move this team to Seattle. I am quite sure there will be a new arena built as the city desperately wants an NBA team back there too. They have WHL history and you can have a region rivalry with Vancouver. The best thing is then both conferences are at 15 apiece so the schedule will be more balanced.I still want to see a team in Quebec City but that will be expansion whenever that happens. I guess the second spot would be another Toronto team, Portland, Kansas City, Houston, or if a new arena is built then Milwaukee.

I agree. Canada would be a better destination. Expansion isnt the key. Would diluted the aleady diluted product on the ice. I like hockey as much as the next guy, but it seems as if its on for 12 months. The cup ends in late June and camp starts in August. Who really cares about Edmonton and Florida playing game in October?? If my Penguins dump10 staight in Oct/Nov. who cares? Too much of a bad thing does not equal success.

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