Thursday, May 24, 2007

Leipold's letter to the fans

Outgoing Nashville Predators owner Craig Leipold offered his explanation for selling the team today in an email to season's ticket holders:
Unfortunately, the success on the ice has not translated to success for me as business owner.

Here are just a few facts as to why:

* The Nashville Predators tallied up 216 points in the last two seasons, fifth most in the NHL, yet because of below-average attendance, the team will still have a real cash loss of $27 million during that time. Additionally, that loss is despite receiving the most money in the league from revenue sharing. Over the last five years, the team has lost over $60 million.
Read the rest of the letter here.

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