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CENTRAL HOCKEY LEAGUE FOUNDER FINDS KEY TO SUCCESS
Published October 12, 1994
Central Hockey League founder and president Ray Miron attributes the success of his "very minor league outfit" to the fact that there are no local team owners. The league owns all seven CHL teams and, at $7-10 a ticket, keeps all gate revenues allowing the arenas to keep nearly all concession revenues. Last year, The CHL netted more than $1M off of revenues of $10.6M, drawing an average attendance of 5,900/game. Miron claims that several investors have approached him and have offered him more than $1M for a new CHL franchise, but Miron has declined such offers because he firmly believes that new owners will drive up salaries and drive down profits: "It's more profitable this way. And it's a lot fewer headaches" (Lee Sullivan, FORBES, 10/24).