SUNRISE, Fla. -- The new owner of the Florida Panthers likes what he sees on and off the ice, especially when looking ahead.
"There's a difference between losing money and making a long-term investment for the long term," said Vincent Viola, introduced Friday as the Panthers new chairman and principal owner. "This is a long-term investment for the long term.
"Believe it or not, I don't think business in terms of money. I think of it in terms of a product with value that's enabled by creativity and effort. When those come together, money usually takes care of itself. I really believe that."
Viola purchased the Panthers from longtime Panthers fan Cliff Viner and a group of investors for 250 million. He'll also have the operating rights to the Broward County-owned BB&T Arena, where the Panthers' lease runs through 2028. Viola friend Douglas Cifu will be vice chairman.
"All of the indications are that the future will be exceeding...