Panthers print out $80m subsidy demand on nicer paper, resubmit it to Broward County

The owners of the Florida Panthers responded to criticism of their demand for $80 million in public subsidies in exchange for pretty much damn near nothing by issuing a revised subsidy proposal at the end of last week, which looks like:

The new request looks largely the same.

Thanks, South Florida Sun Sentinel, for saving us having to read the rest of the article. There would be a small change in how the profit threshold would be calculated before the Panthers would have to share profits with Broward County, it looks like, but given that it’s pretty much inconceivable that the Panthers would ever hit that threshold anyway, this isn’t likely to be that significant a change.

New Panthers CEO Rory Babich, meanwhile, had this to add:

“We resubmitted our proposal to eliminate or modify certain previous requests to enable the discussions to focus more specifically on the economic terms of the arrangements,” he said in an email. ” …  We look forward to continuing to engage in an active and constructive dialogue with the county staff regarding the terms of our agreements with the County. We remain confident that a sensible, long-term solution can be found to help sustain the long-term viability of the Broward County-owned BB&T Center.”

Man, I can see how Babich got that job. I knew I should have gone for an advanced degree in gobbledygook.


3 comments on “Panthers print out $80m subsidy demand on nicer paper, resubmit it to Broward County

  1. Good timing by the Panthers owners. The Parti Quebecois dropped a huge lead with Pierre Karl Peladeau, Quebecor head and proposed new Nordiques owner, as the “star candidate” primarily responsible for the implosion.

    PKP can, if he doesn’t want to become leader of the PQ, declare himself finished with politics and be the main threat to buy up the Panthers. Gary, if he wants, can move the Panthers and get RDS to pay for the local broadcasting rights they lost to TVA (or vice versa if there’s competition concerns) and keep expansion on the table.

  2. NHL doesn’t want relocation! They want expansion and public tax operating subsidies for all teams in cities without winters. Oh wait Columbus and Nashville all cities must pay operating subsidies .

  3. “…a sensible, long-term solution can be found to help sustain the long-term viability of the Broward County-owned BB&T Center”

    Ah! The money is not for them, it’s to support the public’s investment.