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 exceedingly bright," NHL Commissioner Gary Bettman said. "A...