The team is losing, according to team co-owner Douglas Cifu, $100,000 daily, and is currently in negotiations with the county they play in, Broward County, for public funds to help alleviate some of that debt.
From the Florida Sun-Sentinel:
The Florida Panthers have submitted a new request to Broward County, after the team’s first plea for public funds bombed.
But the essence of the team’s request has not changed. The Panthers, who say they’re losing millions each year, are still asking the county for a package worth more than $80 million.
You can read everything the Panthers are asking for from the county in the article linked above.
This situation with the Panthers is an interesting one to keep an eye on specifically for the discussion of potential relocation that is sure to become louder and louder should the team not get the money it’s hoping to. Last week, team CEO Rory Babich refused to comment on relocation potential even though the team’s PowerPoint presentation to the county hinted at such a thing being possible. He stated that all the talk was nothing more than hypothetical.
Whether its hypothetical or not, cities like Quebec City, Las Vegas, Seattle and Kansas City have to be watching this situation very closely.
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