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Ducks owner says ‘losses are in the double-digit millions’

Anaheim Ducks v Arizona Coyotes

GLENDALE, AZ - APRIL 11: Ryan Getzlaf #15 and Corey Perry #10 of the Anaheim Ducks watch from the bench during the first period of the NHL game against the Arizona Coyotes at Gila River Arena on April 11, 2015 in Glendale, Arizona. (Photo by Christian Petersen/Getty Images)

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The Anaheim Ducks are seen as a favorite to win the Stanley Cup, but they don’t look nearly as good off the ice.

“The only thing I’ll say is our losses are in the double-digit millions,” Ducks owner Henry Samueli told the Los Angeles Daily News.

Samueli is still committed to the Ducks though with the goal of being able to compete every year.

Ducks GM Bob Murray receives a spending limit each season and it’s frequently below the salary cap. Although it’s not known what Murray’s current budget is, the team is roughly $8 million below the ceiling, per General Fanager. Anaheim nevertheless has been a success story as the team claimed the Stanley Cup in 2007 and has more recently won its division three straight years while reaching the Western Conference Final in 2015.

“In a market like this, you have to put a winning team on the ice to get a fan base,” Samueli said. “We made it clear that from Day 1, that’s going to be our mission in life, to put competitive teams on the ice. It’s just a culture that’s been built in the organization.”

In 2014, Forbes listed Anaheim as the 18th most valuable franchise at $365 million. They also estimated that the Ducks’ operating income was -$3.7 million.