Question about finances

watts555 · Post by **watts555** » Fri Jun 19, 2009 10:47 pm

Hey guys, I was just wondering.. my Finances keep going into the negative each month.. What can I do to fix this?

Post by **getzlaf15** » Fri Jun 19, 2009 11:41 pm

I'm sure someone will have more reasons, but the main one's i can think of are:

Reduce staff costs...
Win more games to bring more people to your games...

jbsnadb · Post by **jbsnadb** » Sat Jun 20, 2009 3:01 am

Making the playoffs definitely helps!

thunderbug · Post by **thunderbug** » Sat Jun 20, 2009 6:45 am

Going far into the playoffs help too.

mig174 · Post by **mig174** » Sat Jun 20, 2009 8:46 pm

you have to cut down on staff/star players to continue making money in the regular season in the NHL.

Usually, it goes something like this:

+tons of money (say 30-40 million) in July-August for season tickets
+anywhere from 30 to 60 million from tickets/other things during the season + playoffs (depending on how good you are)
-lose about 100 million over the course of each year (spend to the cap, hire a big network of scouts, good coaches, and 25$ mill to the shareholders

repeat cycle.

bruins72 · Post by **bruins72** » Mon Jun 22, 2009 3:55 am

Cutting back on the number of scouts is definitely a good idea. If they're not a really good scout, can them and save the money. Plus, doesn't it cost you to send your scouts out to work?

Iceman90 · Post by **Iceman90** » Sat Jun 27, 2009 8:01 am

I find that I am often losing money monthly, but as soon as I hit the playoffs, I gain huge amounts every month that, if I can go deep, keep me in the positive cash flow for the year.

bruins72 · Post by **bruins72** » Sun Jun 28, 2009 4:37 am

It's like in real life. So much of the money made during the year goes toward paying salaries. The playoffs is where the team brings in a lot of profit.