CENTRAL HOCKEY LEAGUE FOUNDER FINDS KEY TO SUCCESS
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).