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SBD/January 31, 2013/Franchises
Plattner Moves To Forefront Of Sharks Ownership, Buys Out Compton, Sclavos
Published January 31, 2013
FREE CREDIT SCORE REPORT: CSNBAYAREA.com's Kevin Kurz noted Plattner also wants to make sure the Sharks, who "claimed a loss" of $15M last season, have "a sustainable business model." He has "no fantasies of turning a major profit, though." Plattner said, "The financial situation is not better this year than last. On the other hand, I said this to the employees, don't worry. My credit line is good enough, if you look it up." He added, "That doesn't mean we spend money foolishly." Kurz noted the Sharks have "routinely spent near the salary cap ceiling for many years now, and Plattner doesn't expect that to change." He said, "We are in a solid financial situation. You can look me up, so I can guarantee this financial situation. But, that doesn't mean that we don't work hard to have a normal business." Plattner added, "You cannot make money with a hockey team." He continued somewhat jokingly, "You cannot make money with a hotel, either, and you cannot make money with a golf club. I have all three of them" (CSNBAYAREA.com, 1/30).