The Hartford Whalers Are Going Going ...

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on Richard Gordon, the former owner of the Whalers
who did not want the city of Hartford to run the Civic Center. In 1993, the
state decided to negotiate a new lease with the Whalers. The state of
Connecticut did not want to run the coliseum so they hired three private
companies to take this job. These companies would only run the Civic Center if
they could keep all of the revenue from the service they controlled. Richard
Gordon accepted this lease because this agreement would repay him for an
additional ten million dollars in loses and he sold the team a year later (Lang
53-69).
The Hartford Whalers is the only major league team in Connecticut and at
the Civic Center. They currently have a bad lease which causes them to lose
money. The Hartford Whalers play all exhibition, regular season, playoff games,
the training camp, and some practice time rent free at the Civic Center.
However, the Whalers get no revenue from concessions, luxury boxes, parking, and
the coliseum ...

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will choose.
Now the Hartford Whalers are at a major crossroad in their twenty-five
year history. This may be a bigger disaster than the Hartford Civic Center roof
collapse because the Whalers may not be in Connecticut in two years. Peter
Karmanos has only seen finical hardship since he bought the team in 1994 and he
inherited a terrible lease agreement from Richard Gordon at the Civic Center.
The Hartford Whalers lost twenty million dollars in the 1995-96 season and
eleven and a half million dollars in the 1994-95 season for a total of 31.5
million dollars in only two years (Jacobs, 1). The Whalers have not made a
profit since the 1990-91 season (Arace 1+). The Whalers ...

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