Ice Arizona reports $34M in losses

Screen Shot 2015-03-24 at 6.09.35 AMBy Darrell Jackson | The Glendale Star

After being delayed for nearly half a year, Ice Arizona released their operating budget for the Arizona Coyotes to mixed news about the finances of the team.

Team president and CEO Anthony LeBlanc reported that the team lost $16.48 million, but for Generally Accepted Accounting Principles (GAAP), it had to report its one-time acquisition and closing costs of purchasing the team ($7.87 million) along with the buyout of Mike Ribeiro’s contract ($10.49 million), which brings the team’s total losses to $34.831 million during their first year of operation.

Continued:

Share this!

Additional Articles

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories