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	<title>Comments on: Ted Leonsis Has Never Made a &#8220;Penny of Profit&#8221; off the Caps</title>
	<atom:link href="http://www.russianmachineneverbreaks.com/2013/01/17/ted-leonsis-has-never-made-a-penny-of-profit-of-the-caps/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.russianmachineneverbreaks.com/2013/01/17/ted-leonsis-has-never-made-a-penny-of-profit-of-the-caps/</link>
	<description>A cheerfully demented Washington Capitals site with a healthy fixation on Alex Ovechkin and his Russian bros. CRASH THE NET!</description>
	<lastBuildDate>Sat, 18 May 2013 13:56:00 +0000</lastBuildDate>
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		<title>By: Kate</title>
		<link>http://www.russianmachineneverbreaks.com/2013/01/17/ted-leonsis-has-never-made-a-penny-of-profit-of-the-caps/#comment-31305</link>
		<dc:creator>Kate</dc:creator>
		<pubDate>Sat, 19 Jan 2013 11:03:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.russianmachineneverbreaks.com/?p=42774#comment-31305</guid>
		<description><![CDATA[What a liar.  How stupid does he think people are?  Greedy jackass.  He&#039;s crying poor so he can charge more.  Do us all a favor and sell the team to someone who actually likes the sport.  If Ted is losing money with the Caps, I hate to see what the Wizards are costing him.  More of his greediness, he&#039;s not happy with one sports team, he has to have two.]]></description>
		<content:encoded><![CDATA[<p>What a liar.  How stupid does he think people are?  Greedy jackass.  He&#8217;s crying poor so he can charge more.  Do us all a favor and sell the team to someone who actually likes the sport.  If Ted is losing money with the Caps, I hate to see what the Wizards are costing him.  More of his greediness, he&#8217;s not happy with one sports team, he has to have two.</p>
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		<title>By: Andrew</title>
		<link>http://www.russianmachineneverbreaks.com/2013/01/17/ted-leonsis-has-never-made-a-penny-of-profit-of-the-caps/#comment-31296</link>
		<dc:creator>Andrew</dc:creator>
		<pubDate>Fri, 18 Jan 2013 18:43:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.russianmachineneverbreaks.com/?p=42774#comment-31296</guid>
		<description><![CDATA[Yeaaah Economics lol.]]></description>
		<content:encoded><![CDATA[<p>Yeaaah Economics lol.</p>
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		<title>By: Ben Reed</title>
		<link>http://www.russianmachineneverbreaks.com/2013/01/17/ted-leonsis-has-never-made-a-penny-of-profit-of-the-caps/#comment-31282</link>
		<dc:creator>Ben Reed</dc:creator>
		<pubDate>Fri, 18 Jan 2013 14:19:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.russianmachineneverbreaks.com/?p=42774#comment-31282</guid>
		<description><![CDATA[He bought the team for around $75 million.  It&#039;s now worth $250 million.

So, no.  No bygones. On the contrary, I&#039;m calling bullshit.

To say nothing of the fact that this &quot;lockout&quot; resulted completely and entirely from the owners&#039; own failures (at the last CBA, and of self-control).  And his use of deflective, meaningless language insults my intelligence. Oh, &quot;the lockout was between the league and the players,&quot; you say? Well, I guess the owners weren&#039;t involved after all!  Thanks for clarifying.

This little publicity tour is a reincarnation of his PR strategy of transparency.  So he does it better than most owners.  Doesn&#039;t make him any less of a jackass.]]></description>
		<content:encoded><![CDATA[<p>He bought the team for around $75 million.  It&#8217;s now worth $250 million.</p>
<p>So, no.  No bygones. On the contrary, I&#8217;m calling bullshit.</p>
<p>To say nothing of the fact that this &#8220;lockout&#8221; resulted completely and entirely from the owners&#8217; own failures (at the last CBA, and of self-control).  And his use of deflective, meaningless language insults my intelligence. Oh, &#8220;the lockout was between the league and the players,&#8221; you say? Well, I guess the owners weren&#8217;t involved after all!  Thanks for clarifying.</p>
<p>This little publicity tour is a reincarnation of his PR strategy of transparency.  So he does it better than most owners.  Doesn&#8217;t make him any less of a jackass.</p>
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		<title>By: The Peerless</title>
		<link>http://www.russianmachineneverbreaks.com/2013/01/17/ted-leonsis-has-never-made-a-penny-of-profit-of-the-caps/#comment-31281</link>
		<dc:creator>The Peerless</dc:creator>
		<pubDate>Fri, 18 Jan 2013 11:09:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.russianmachineneverbreaks.com/?p=42774#comment-31281</guid>
		<description><![CDATA[I believe the salary cap will be adjusted downward in the following years, and if that is correct there will be even more shedding of salaries as teams look at ways of downsizing.  We have done our downsizing, and we are only looking at ways to add to our team.  [We will continue to lose money, but this is a] gentleman’s loss.”
-- August 10, 2005, Associated Press
 
&quot;From an economic standpoint, the league is much healthier, so as you grow your revenues you can proportionately grow your payrolls.  The business model has been right-sized. We are not stressed now about the economics. Now we have to go about reselling the game. [The team will lose $5 million this year, but these are] gentleman’s losses.&quot;
-- October 1, 2005, The Washington Post
 
“…with a $25 million payroll, our team will still lose money, but in the vernacular those losses will be considered a ‘gentleman’s loss.’ As a league, we will have less TV revenue, and locally I don’t think we can expect to increase our ticket revenue. However, our ticket prices are going down even more. That price reduction may help attendance, but we don’t anticipate it helping overall revenues.”
-- August 8, 2005, “Owner’s Corner”

Just sayin...]]></description>
		<content:encoded><![CDATA[<p>I believe the salary cap will be adjusted downward in the following years, and if that is correct there will be even more shedding of salaries as teams look at ways of downsizing.  We have done our downsizing, and we are only looking at ways to add to our team.  [We will continue to lose money, but this is a] gentleman’s loss.”<br />
&#8211; August 10, 2005, Associated Press</p>
<p>&#8220;From an economic standpoint, the league is much healthier, so as you grow your revenues you can proportionately grow your payrolls.  The business model has been right-sized. We are not stressed now about the economics. Now we have to go about reselling the game. [The team will lose $5 million this year, but these are] gentleman’s losses.&#8221;<br />
&#8211; October 1, 2005, The Washington Post</p>
<p>“…with a $25 million payroll, our team will still lose money, but in the vernacular those losses will be considered a ‘gentleman’s loss.’ As a league, we will have less TV revenue, and locally I don’t think we can expect to increase our ticket revenue. However, our ticket prices are going down even more. That price reduction may help attendance, but we don’t anticipate it helping overall revenues.”<br />
&#8211; August 8, 2005, “Owner’s Corner”</p>
<p>Just sayin&#8230;</p>
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		<title>By: Catherine</title>
		<link>http://www.russianmachineneverbreaks.com/2013/01/17/ted-leonsis-has-never-made-a-penny-of-profit-of-the-caps/#comment-31279</link>
		<dc:creator>Catherine</dc:creator>
		<pubDate>Fri, 18 Jan 2013 06:16:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.russianmachineneverbreaks.com/?p=42774#comment-31279</guid>
		<description><![CDATA[Nope, no bygones. It will take waaaaayamore than free hot dogs and utter lies to get me back. He *maybe* &quot;hasn&#039;t made a profit&quot; from the Caps, but look at the arena, naive fools.]]></description>
		<content:encoded><![CDATA[<p>Nope, no bygones. It will take waaaaayamore than free hot dogs and utter lies to get me back. He *maybe* &#8220;hasn&#8217;t made a profit&#8221; from the Caps, but look at the arena, naive fools.</p>
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		<title>By: Livia</title>
		<link>http://www.russianmachineneverbreaks.com/2013/01/17/ted-leonsis-has-never-made-a-penny-of-profit-of-the-caps/#comment-31270</link>
		<dc:creator>Livia</dc:creator>
		<pubDate>Fri, 18 Jan 2013 03:59:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.russianmachineneverbreaks.com/?p=42774#comment-31270</guid>
		<description><![CDATA[I wonder on what points he yielded to the union. He&#039;s listed only what concessions he helped to win for the league.]]></description>
		<content:encoded><![CDATA[<p>I wonder on what points he yielded to the union. He&#8217;s listed only what concessions he helped to win for the league.</p>
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		<title>By: Mordy</title>
		<link>http://www.russianmachineneverbreaks.com/2013/01/17/ted-leonsis-has-never-made-a-penny-of-profit-of-the-caps/#comment-31268</link>
		<dc:creator>Mordy</dc:creator>
		<pubDate>Fri, 18 Jan 2013 03:31:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.russianmachineneverbreaks.com/?p=42774#comment-31268</guid>
		<description><![CDATA[There is a lot of passion in this hockey organization, that&#039;s the only thing I&#039;ll believe.]]></description>
		<content:encoded><![CDATA[<p>There is a lot of passion in this hockey organization, that&#8217;s the only thing I&#8217;ll believe.</p>
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		<title>By: blbean</title>
		<link>http://www.russianmachineneverbreaks.com/2013/01/17/ted-leonsis-has-never-made-a-penny-of-profit-of-the-caps/#comment-31267</link>
		<dc:creator>blbean</dc:creator>
		<pubDate>Fri, 18 Jan 2013 03:15:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.russianmachineneverbreaks.com/?p=42774#comment-31267</guid>
		<description><![CDATA[Sorry, not buying it Ted. Paper losses IMO. The Caps have &quot;losses&quot; because of how you have them set up. They are their own entity. So when they pay rent to the Verizon Center, the Caps mark that in the loss category. Monument Sports (majority owned by Ted of course) PROFITS from that money. Right hand claims poor while the left hand rolls money to the bank.]]></description>
		<content:encoded><![CDATA[<p>Sorry, not buying it Ted. Paper losses IMO. The Caps have &#8220;losses&#8221; because of how you have them set up. They are their own entity. So when they pay rent to the Verizon Center, the Caps mark that in the loss category. Monument Sports (majority owned by Ted of course) PROFITS from that money. Right hand claims poor while the left hand rolls money to the bank.</p>
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