Sharks lucky to have billionaire owner Plattner

Sharks lucky to have billionaire owner Plattner
August 12, 2013, 4:45 pm
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Sharks majority owner and co-founder of software company SAP Hasso Plattner has a net worth of $8.9 billion dollars. (AP IMAGES)

After a ninth-straight playoff appearance and regularly playing in front of capacity crowds, the San Jose Sharks are one of the more successful NHL franchises.

But despite their success, the Sharks organization has claimed losses of as much as $15 million dollars in previous seasons according to the San Jose Mercury news.

[RELATED: New COO challenged to make Sharks profitable]

Which is where Hasso Plattner comes in.

The Sharks' new majority owner and co-founder of software company SAP has a net worth of $8.9 billion dollars, which means that the Sharks can afford to operate in the red for the time being.

"You cannot make money with a hockey team," Plattner said to the Mercury."When you have a certain amount of money, you do silly things — because it’s pretty to have a golf course and it’s interesting to have a hockey team.”

But that doesn't mean that the billionaire owner doesn't work hard to run the Sharks like a normal business.

The Sharks newly appointed chief operations officer John Tortora, who spoke with CSNCalifornia.com is being challenged to make the Sharks more profitable.

"You need to spend money to put a competitive product on the ice, and the city of San Jose deserves a top-flight product," said Tortora. "Hasso is committed to doing that. So, we have to find ways to close the financial gap.”

Closing the financial gap might be easier after the 2013-2014 season, with top-paid stars Joe Thornton, Patrick Marleau and Dan Boyle all scheduled to become free agents.