Do you believe it?
There seems to be some debate about the Kings' assertion that they're losing more money than before the lockout. Keeping in mind, of course, that the Kings aren't opening the financial books, what do you think?
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There seems to be some debate about the Kings' assertion that they're losing more money than before the lockout. Keeping in mind, of course, that the Kings aren't opening the financial books, what do you think?
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bottom line is that none of us really knows
I believe them.
But I don't feel sorry for them.
Ownership and Management are both the proximate cause for the situation thaey are in.
Ownership, because of their David Beckham debacle and other foolish, loser, and expensive ventures they got involved in.
Management, because of these crappy free agent signings that got them nowhere. Also, all these senseless office positions they opened up. Really, 16 vice president positions, when most organizations get away with just 5.
The team also has the most assistant coaches in the league.
DL given a blank check to do anything he wishes. It's Madness. Simply Madness.
Maybe next season he'll offer Alaxender Mogilny $6 Million to play for us in 08-09.
And who pays for these incompetent screw ups?
We Do.
And, am I stupid enough to yet again spend $27,000 to share a suite with a bunch losers who worship the Lakers & Clippers (I only pay for the Kings games).
YES!!!!!!!
My real question would be how much are the Kings paying in rent to the corporate entity that owns STAPLES Center and how much of the arena sponsorship do the Kings receive?
That is one way for the Kings to lose bunches and bunches (as I learned at university) of money and AEG be profitable overall.
There's no way they're losing money while still being able to sell $8.00-11.50 beers.
They are also losing more than ever.