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Ins and outs of hockey team ownership
Another factor is how long the owners can maintain their own drive to succeed. The season is a marathon, and there are only so many shortcuts or tricks to success. The cliches that work in the business world or in the locker room are often the same for a reason.
Owners of the Fort Wayne Komets since 1990, the Franke brothers have the second longest tenure among minor league hockey owners, ranking behind the Hershey Bears, who have been owned by the Hershey Entertainment and Resorts Co. since 1936. The Chicago Wolves (1994), Syracuse Crunch (1994), Grand Rapids Griffins (1996), Manitoba Moose (1996) and Connecticut Whale (1997) are the longest tenured teams with single ownership in the American Hockey League. The Central Hockey League's Wichita Thunder has had the same owner since 1992 and the Texas Brahmas since 1998, while the ECHL's South Carolina Stingrays have had the same ownership group since 1995.
you want to do that, you have to run it like a business and get into it knowing that you aren't going to probably eat real well after working that hard, Fraser said. have to really love it, but like a lot of businesses, people don't do the numbers and really figure out what they need to accomplish and are honest with themselves about all the various costs involved. You are too excited about being part of the team and winning. Everybody wants to be part of the Yankees. You are surrounded by people telling what you want to hear to some extent. sports teams also seem to be at the mercy of so many things. AHL farm teams do not have control over their rosters, so it's tough to promote individual players. Their primary focus is developing players for the NHL. No matter how strong the ownership, they can't depend on winning every night to send everyone home happy and make them want to come back.
of it is you think you can solve everything with money, but it really needs to be your main job, said Stuart Fraser, majority owner of the Texas Brahmas. you need to be a little lucky. Certain cities are perfect for a minor league club, where others are more challenging. He's lucky one of his partners with the Brahmas is high school buddy Mike Barack, the team's general manager.
get some kind of return on their investment, and there are easier ways to do it. lately, it's getting harder to find someone willing to take over your investment, so sometimes it's simply easier to fold the team. That starts the ownership cycle over again, usually in another city.
every other owner instead of learning and avoiding those miscues.
Too many owners get involved with the idea that owning a hockey team will be like a hobby, that they can designate a limited amount of time to running the team. That may be why so many owners with inexperience make the same mistakes as Fendi Peekaboo Men
economy affects every business, but I believe it affects the luxury items like sports or entertainment more, Dolgon said. the minor league level, it becomes a better entertainment option, but then you have to really focus on the in arena entertainment because that's what you can control. How do you market the product outside the building and give people a bang for their buck so they won't be affected by the team winning 7 0 or losing 2 1? You are marketing to that intangible. are other fallacies that owners must deal with, such as winning teams always make money, or that teams make money if they qualify for the playoffs. Most minor league hockey teams lose money in the playoffs because the travel costs are ridiculous, there's less time to market to a large number of potential fans and the schedule is unstable. No one knows week Fendi Peekaboo Denim to week when or even if they will be playing.
Very few owners, like the Frankes, use the hockey club as their primary business.
to become a millionaire was by owning a sports franchise, Syracuse owner Howard Dolgon said with a laugh.
Fifteen years ago, there were more than 100 minor league hockey teams. The economics have chipped that to 75, and it's possible another 10 may fade away this summer. Fewer than 10 of the 75 teams have been run by the same owners for longer than a decade.
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Since he purchased the Grand Rapids Griffins in 1996, Dan DeVos has had Bob McNamara working as his general manager.
people come in with lots of money and don't care, but generally owners are looking to Fendi Handbags Metallic
any business you are going to have ups and downs, DeVos said. have to have a thick skin at times, and it's often not as easy as people thought it would be.
you lose the passion as an owner, it's time to get out because you are not in this to get rich, Dolgon said. are plenty of other ways that are easier. DeVos said, getting harder. It's taking more time, more focus, more innovation, and we're seeing buying habits shifting in sales and everything else. The experience that people are looking for at sporting events has changed. They have higher expectations, and it's driven by competition where they spend their money. it's so hard to succeed, could that be why do so few minor league hockey owners stick it out?
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