Imagine this, you work at an established company. Over the past decade the company has garnered much attention and has been winning major awards on a consistent basis. The people that work their are top notch and some of the smartest people in the business.
You couldn’t imagine any company or business losing money or struggling to stay afloat, right? Well unfortunately the Chicago Blackhawks have been losing money even with their recent success.
Many know that the Chicago Blackhawks were a poorly run franchise when Rocky’s Dad was the owner of the team. He took the team away from all media outlets and had other questionable business decisions. Because of those decisions it set the team back. So much so the team had to use money from the Wirtz’s family business especially from the alcohol distribution company. According to Crain’s Chicago Business, the Blackhawks spend $15 to $20 million more than what they take in.
In 2013 when the Blackhawks had a magical run in the lockout shortened season. The organization made a decision to not lay off any employees, unlike the Ottawa Senators who laid off employees. Carrying a full workforce when not bringing in any money for half a season set the team back again. But Rocky Wirtz being the great King that he is, was quoted by Crain’s Chicago Business that, “[he’s] reinvesting in the team”. Making a move to not let anyone go and to ride out the tough times and stay the course this team will be out of the red by the start of the 2016-2017 season. Close to what Rocky predicted back in 2013.