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The Rock doing well


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#1 LucifersDog

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Posted 16 December 2013 - 02:35 PM

The new owners must be happy with the Rock. It landed number 3 Nationally and #9 Globally and will host the Media Day for the Super Bowl XVIII early 2014.

 

The Rock is Rocking.

 

http://newarknj.patc...s-top-10-venues

 

The new owners always said they were interested in the arena, that was the big attraction for the purchase.


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#2 CarterforPresident

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Posted 16 December 2013 - 02:43 PM

No surprise here its always been one of the busiest arenas in the country. Good and hope it stays that way Newark needs the rock.
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#3 2ELIAS6

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Posted 16 December 2013 - 03:27 PM

so what they wanted was the arena the devils just came along with it in the purchase.. makes sense because you know theyre clearly not making any money on the devils with their attendance numbers so theyre making all of their money on the arena itself.
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#4 dmann422

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Posted 16 December 2013 - 03:35 PM

so what they wanted was the arena the devils just came along with it in the purchase.. makes sense because you know theyre clearly not making any money on the devils with their attendance numbers so theyre making all of their money on the arena itself.

and that's fine with me because it means that they'll hopefully let the hockey people (ie: Lou) handle the hockey decisions and just worry about the money side of things.
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#5 Mike Brown

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Posted 16 December 2013 - 04:06 PM

so what they wanted was the arena the devils just came along with it in the purchase.. makes sense because you know theyre clearly not making any money on the devils with their attendance numbers so theyre making all of their money on the arena itself.


Except the Devils ARE making money.
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#6 DevsMan84

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Posted 16 December 2013 - 04:16 PM

Except the Devils ARE making money.

 

 

They have revenues but they only make a profit when they make the playoffs.


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#7 Devilsfan118

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Posted 16 December 2013 - 04:28 PM

At this point, as long as the Devils aren't hemorraging money..I think we'll be okay.

 

The arena and TV deal are definitely keeping the team alive, though, thankfully.

 

Deep down I still have a fear about the new owners selling off the Devils and keeping the arena rights to themselves..but I've been told a couple times that's not an option.


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#8 Devil Dan 56

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Posted 16 December 2013 - 04:45 PM

At this point, as long as the Devils aren't hemorraging money..I think we'll be okay.

 

The arena and TV deal are definitely keeping the team alive, though, thankfully.

 

Deep down I still have a fear about the new owners selling off the Devils and keeping the arena rights to themselves..but I've been told a couple times that's not an option.

 

They could sell the team, but the team will be in Jersey. Well, at least until the lease runs out in the 2030's. Unless they want to spend millions of dollars to break the lease, at which point the NHL would step in. The last thing they want to do is lose a team in a major market. 


Edited by Devil Dan 56, 16 December 2013 - 04:45 PM.

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#9 dmann422

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Posted 16 December 2013 - 04:57 PM

They could sell the team, but the team will be in Jersey. Well, at least until the lease runs out in the 2030's. Unless they want to spend millions of dollars to break the lease, at which point the NHL would step in. The last thing they want to do is lose a team in a major market.

any prospective new nhl owner has a choice of 4-5 other teams that are arguably more likely to be moved, plus two potential expansion teams.

Any nj owner, including Harris, will buy the team to keep it in nj.
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#10 Mike Brown

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Posted 16 December 2013 - 07:29 PM

They have revenues but they only make a profit when they make the playoffs.

 

Yea I know the Devils are usually in the upper half in the league with revenue.  But the debt made it impossible for them to turn profit.


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#11 StormJosh

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Posted 16 December 2013 - 07:50 PM

Keep in mind you are looking at accounting profits and losses. The teams objective is make accounting profits as small as possible for tax reasons. If the team can show a loss they can use those losses to offset tax they might have to pay in times of profit. Vanderbeek paid himself a huge management salary which comes out of the teams profit.
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#12 Colin226

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Posted 16 December 2013 - 11:56 PM

Right and Harris can also use Devils "losses" to offset PruCenter and/or personal gains, so that actually fits in for him.. He's making major gains from his investments, I'm sure.. And I'll bet his expensive accountant is very good at moving numbers around
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#13 hystyk28

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Posted 17 December 2013 - 01:32 AM

They could sell the team, but the team will be in Jersey. Well, at least until the lease runs out in the 2030's. Unless they want to spend millions of dollars to break the lease, at which point the NHL would step in. The last thing they want to do is lose a team in a major market.


The NHL wants hundreds of millions of dollars for an expansion team, which is why the fight in the desert was so intense to keep the Yotes there. Bettman doesn't want anyone beating the owners out of that dough. Keep in mind the owners made their money buying distressed businesses and making them profitable. Let's just hope these guys have patience and try and grow the corporate base, which appears to be their focus. Otherwise, we might see some Gordon Gecko moves down the line.
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#14 Chuck the Duck

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Posted 17 December 2013 - 10:42 AM

Based upon the Forbes report last spring, I thought JVB was so poor that he couldn't afford to bring in any acts to the Rock over the past year, decreasing the profitability of the arena?   :doh1:


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#15 LucifersDog

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Posted 17 December 2013 - 12:13 PM

Based upon the Forbes report last spring, I thought JVB was so poor that he couldn't afford to bring in any acts to the Rock over the past year, decreasing the profitability of the arena?   :doh1:


I think that was true JVB couldn't afford to pay the advance fees to sign the acts. Harris and Co must be doing good job signing acts and filling the arena with these acts.
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#16 oofrostonoo

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Posted 17 December 2013 - 12:49 PM

so what they wanted was the arena the devils just came along with it in the purchase.. makes sense because you know theyre clearly not making any money on the devils with their attendance numbers so theyre making all of their money on the arena itself.

It seems like they are thinking of a long term plan rather than just filling seats right away. Probably makes sense business-wise.

 

I for one wouldn't buy ticket plans when I could go on stubhub and buy decent seats mid week for 5-15 dollars a pop.  


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#17 aylbert

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Posted 17 December 2013 - 12:54 PM

Why keep the Devils going when all I want is the goddamned arena?  -Zalinksy


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#18 Mike Brown

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Posted 17 December 2013 - 01:56 PM

I had serious concerns about the Rock when I heard the plan initially brought up.  Like many other people, Newark scared the crap out of me.  I'm happy seeing the arena actually thriving in Newark.  Newark still needs a lot of work done, but at least it's on the right path to be revitalized.  There was a time when NYC was a crap hole too.


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#19 thecoffeecake

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Posted 17 December 2013 - 03:17 PM

I had serious concerns about the Rock when I heard the plan initially brought up. Like many other people, Newark scared the crap out of me. I'm happy seeing the arena actually thriving in Newark. Newark still needs a lot of work done, but at least it's on the right path to be revitalized. There was a time when NYC was a crap hole too.

Even if Newark was close to as dangerous as the media exaggerates, what made anyone think waking a handful of blocks from your car to the stadium and back with throngs of people would present any serious threat? Fear of urban areas really just stems from ignorance and misperceptions. And they need to be careful balancing revitalization, and make sure gentrification is held somewhat in check. We don't want to see the local population displaced.
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#20 DevsMan84

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Posted 17 December 2013 - 05:09 PM

Even if Newark was close to as dangerous as the media exaggerates, what made anyone think waking a handful of blocks from your car to the stadium and back with throngs of people would present any serious threat? Fear of urban areas really just stems from ignorance and misperceptions. And they need to be careful balancing revitalization, and make sure gentrification is held somewhat in check. We don't want to see the local population displaced.

 

Why?  The reason a good chunk of Newark is a craphole because of the people who live there.  Hell, almost every plighted area in the US is plighted because of the people who live there.

 

Here again is the reverse fear of gentrification because it somehow destroys the "charm" of these areas.  Give me a friggin break.  DUMBO was a sh!thole before the hipsters moved in and if you want to romaticize an area that was full of gangs, drugs and violence then go right ahead.  I like walking through that area without having to worry about my safety.


Edited by DevsMan84, 17 December 2013 - 05:11 PM.

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