Florida Panthers owner Doug Cifu recently told Fox Sports that he is uncertain of the team's future in the state.
Cifu and business partner Vinnie Viola bought the Panthers for $230 million last September.
"The arena and the team have lost a significant amount of money year over year for the last 10-plus years and the current business model is not sustainable," Cifu said.
The Hockey News reported that the team claims it is losing $30 million per year and has a debt on the arena, which is under lease until 2028 for about $250 million.
Broward County mayor Barbara Sharief and the county have reportedly hired a consultant to find out if they can allow the team to get out the lease and relocate. A report of the consultant's findings is expected in October.
The Toronto Sun reported that the Panthers ranked 29th in attendance last season with an average of 14,177 per game. Seattle and Quebec are among the cities where the team may relocate.
Seattle real estate mogul Victor J. Coleman has discussed the possibility of having an NHL team play in his proposed SoDo Arena with Seattle businessman Chris Hansen.
Quebec is set to open a new $400 million arena next year.
Florida Panthers owner Doug Cifu recently told Fox Sports that he is uncertain of the team's future in the state.
Cifu and business partner Vinnie Viola bought the Panthers for $230 million last September.
"The arena and the team have lost a significant amount of money year over year for the last 10-plus years and the current business model is not sustainable," Cifu said.
The Hockey News reported that the team claims it is losing $30 million per year and has a debt on the arena, which is under lease until 2028 for about $250 million.
Broward County mayor Barbara Sharief and the county have reportedly hired a consultant to find out if they can allow the team to get out the lease and relocate. A report of the consultant's findings is expected in October.
The Toronto Sun reported that the Panthers ranked 29th in attendance last season with an average of 14,177 per game. Seattle and Quebec are among the cities where the team may relocate.
Seattle real estate mogul Victor J. Coleman has discussed the possibility of having an NHL team play in his proposed SoDo Arena with Seattle businessman Chris Hansen.
Quebec is set to open a new $400 million arena next year.
Agree with Quebec. And if its the Panthers that move it will be perfect as they are already in the same division
Bettman NOT so dumb after all, Eh? both Cats and Bugs in the Atlantic gets the Bruins, Habs, Sens and Leafs fans coming to Florida for "winter vacation" games.
weird how the Bugs have a pretty good fan base in Tampa BUT the Cats can't get a local crowd in South Florida. at least a third of their gate is usually out of towners on vacation
Agree with Quebec. And if its the Panthers that move it will be perfect as they are already in the same division
Bettman NOT so dumb after all, Eh? both Cats and Bugs in the Atlantic gets the Bruins, Habs, Sens and Leafs fans coming to Florida for "winter vacation" games.
weird how the Bugs have a pretty good fan base in Tampa BUT the Cats can't get a local crowd in South Florida. at least a third of their gate is usually out of towners on vacation
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