x

Already member? Login first!

Comments / New

South Florida Rivals in financial Peril

From TSN.ca – NHL

A financial audit of the Florida Panthers hockey team has raised “substantial doubt” about the long term future of the NHL franchise.

While the Office Depot Center generated a profit of $5.1-million after expenses last year, financial auditors Deloitte and Touche expressed concerns about the Panthers in a report submitted to Broward County on Tuesday.

The report shows Panthers Hockey LLP “incurred a net loss, had a working capital deficiency and had negative cash flows from operating activities” during the fiscal year which ended June 30, 2003.

If you enjoyed this article please consider supporting RawCharge by subscribing here, or purchasing our merchandise here.

Support RawCharge by using our Affiliate Link when Shopping Hockey Apparel !