39 replies to this topic

[Baltic Gal]

Well, this story isn't going to help matters any.

Forbes Magazine: Ice Capades

And the NHL (of course) is saying they're wrong.

----->TSN<------


With this story I don't think we'll be seeing NHL hockey for the next few, oh, years.

[MrsBevo]

My LA Times had the headline of "Forbes says ...." and my first thought was - Wow! Forbesy is really starting to wield some journalistic influence. Then I realized it was the magazine, not our dear Kevin! (It was still early in the morning, so all the brain cells weren't firing yet.)

[Veca]

Wow!!! The NHL fudging the numbers???? Who'd of thunk it??

[Arse McKnob]

I'd be surprised if they had the same access Arthur Levitt did.

[Veca]

For all you "support the owners" fan club members, let me just say this, I took bookkeeping two different times in two different schools and the one thing I did learn was that fudging numbers is VERY COMMON in the "numbers'' game. Having several sets of books is nothing that rare.

What you claim as assets and what you claim as debits is all in the book you are using!!!!!! You just have to be very careful as to which books you show Uncle Sam!!!!!!

Some whiz number crunchers are legendary and in very high demand. As you can see, I never made it that far. I'm not a numbers type or a game player.
If we all did our books the same way dear ones, we would not live in a society of 99% of the money being held by 1% of the population.

Look at "The Donald", how many times has he declared bankruptcy??? Only to keep all his holdings and wealth and start different mega million deals...
We don't breath the same air as the 1%....I don't think I would even want to, I fear the stench would gag me.

One day, when you have seen what I've seen, heard what I've heard and know what I know....you will understand, till then, you will keep your minds shut like steel traps. Life is not as it should be....it is as it is.

[Arse McKnob]

Uh huh. Unforatunately, Forbes didn't have any books, cooked or otherwise.

[Veca]

You don't need all the books to know how a company is doing. There are plenty of public records that exist. There are the same records that the NHL produced to plead their case of poverty, there is the paper trail of the business doings of most of the owners and the records of their companies, you know, the ones they make money at in order to "play" with hockey.

Trust me my young one, one day you will get a deeper understanding of just how all this big business is done, then and only then will you realize how we are all played like a fool.

We are thinking like the "little people", most of us don't have even an inkling to the way the power brokers think or do business.....
I know you won't be convinced by anything anyone tells you, especially me.....

[MyDogChaos]

I've never understood fan reaction to owners. Players aint wearing second hand clothes begging for spare change on the streets. Yet fans seem to want the have altruistic owners living as paupers for whats best for the game. This is an investment to MAKE money off of just like any other buisness decision.

[Arse McKnob]

Sure. Owners deserve to lose money because they have other means of making it besides hockey. And here's Forbes trying to pretend that the losses weren't as bad as claimed because of these other revenue streams?

That's like getting your car stolen and being told to suck it up because you can afford to buy another one. You didn't really lose that car. The thief deserved it anyway.

I know you won't be convinced by anything anyone tells you, especially me.....

What did you say that was supposed to convince me? "Trust me, I know, I'm really old, etc etc." That's not convincing.

[Barmy Army]

Subtle plea
Let's try and keep this thread civilised please, I don't want it getting heated.

[Veca]

No problem Barmy, I will refrain from baiting the boys. I think we can remain fairly civil discussing this....

As for it being me and MY opinion, it seems that you choose to listen to anyone and anything that supports your preconceived position. Anyone or anything that goes against YOUR more brilliant stand, well it's just a bunch of malarky. You opt to ridicule and degrade anyone who dares to hold opinions opposite to your superior ones.

Why, how could us mere mortals possibly know anything more than you???? Why you are far superior in intellect, understanding and comprehension.

If YOU see it one way, how could anyone question it???? We can just take your far superior word over that of a highly respected business magazine like Forbes, the very magazine the same owners use when they are looking to buy these teams.....

[Baltic Gal]

Another story on the Forbes magazine story.

http://msn.foxsports.com/story/3159016


What is needed is a neutral third party to go over the books of the NHL. Until then, you really can't believe what either sides says.

[Excoriar]

Well... let me just say that double booking should exist in all the big names that one knows. If you don't believe it, well then... I've got this REALLY nice piece of property to sell you in the middle of the China where the land is bountiful, the weather great.......

[Veca]

Another story on the Forbes magazine story.

http://msn.foxsports.com/story/3159016


What is needed is a neutral third party to go over the books of the NHL. Until then, you really can't believe what either sides says.

<{POST_SNAPBACK}>

Exactly...both sides are trying to get the fans on their side. It's like little kids pointing fingers at each other..."he did it...no I didn't, he did it"....Neither side is blameless...they are ALL looking out for their own interests.

Well... let me just say that double booking should exist in all the big names that one knows. If you don't believe it, well then... I've got this REALLY nice piece of property to sell you in the middle of the China where the land is bountiful, the weather great.......

<{POST_SNAPBACK}>

I know I tend to ramble and get lost in making my point, you put it much better. Anyone who has ever studied business or accounting know just how complicated all the dealings are and how easy it is to present whatever picture they need to at any given time. The truth is muddled in there somewhere.....

[Arse McKnob]

  No problem Barmy, I will refrain from baiting the boys. I think we can remain fairly civil discussing this....

Liar.

As for it being me and MY opinion, it seems that you choose to listen to anyone and anything that supports your preconceived position. Anyone or anything that goes against YOUR  more brilliant stand, well it's just a bunch of malarky. You opt to ridicule and degrade anyone who dares to hold opinions opposite to your superior ones.

Why, how could us mere mortals possibly know anything more than you???? Why you are far superior in intellect, understanding and comprehension.

Lots of smug arrogant crap in there, but still no substantive rebuttal. You'd think all those eons you've lived would have imparted not only wisdom but also the means to communicate it. I guess you're still working on that one.

If YOU see it one way, how could anyone question it???? We can just take your far superior word  over that of a highly respected business magazine like Forbes, the very magazine the same owners use when they are looking to buy these teams.....

<{POST_SNAPBACK}>

I haven't said which way it is because I don't know. But Forbes has exactly the same access as I do to the teams' finances: none. They said themselves in very article Baltic linked to that they included revenue streams from SEPARATE CORPORATE ENTITIES. They expect the owners to eat the losses for some unspecified reason. I don't agree with that method of accounting.

I've taken accounting classes, too.

[Veca]

Good for you...... but did you take your classes from someone who landed in the slammer for HIS accounting???

See Barmy, we ARE playing nice......for us!!!!

[Just Duckie]

AEG is one NHL ownership group who has motiviation to overstate losses. Understating Kings' revenues/overstating expenses, pumps up the revenue for Staples Center---AEG's main interest. AEG is interested in the overall development of the Staples Center/Convention Center corridor of downtown L.A. Real estate (and maybe professional soccer) is AEG's main concern, not the Kings.

Plus AEG probably gets a tax write off to offset the total income of the corporation.

[Veca]

AEG is one NHL ownership group who has motiviation to overstate loses.  Understating Kings' revenues/overstating expenses, pumps up the revenue for Staples Center---AEG's main interest.  AEG is interested in the overall development of the Staples Center/Convention Center corridor of downtown L.A.  Real estate (and maybe professional soccer) is AEG's main concern, not the Kings.

Plus AEG probably gets a tax write off to offset the total income of the corporation.

<{POST_SNAPBACK}>

That is so funny you should mention that about the "Stapler", Baltic was just explaining that to me last night. You know Baltic, Veca's "source".......

[hockey2k]

What is needed is a neutral third party to go over the books of the NHL. Until then, you really can't believe what either sides says.

Arthur Leavitt was an impartial 3rd party, but the NHLPA didn't want to look at any of his research. Nor do they want to send their own auditor. Maybe they are afraid the facts won't back up their position?

[Arse McKnob]

Ya think?