The city of Detroit may have missed out on millions of dollars from Olympia Entertainment as part of revenue from the Detroit Red Wings cable TV agreements, according to documents obtained by the Free Press.
A 1999 sublease between Olympia and the Detroit Red Wings states that the Red Wings would be responsible for paying the city a 25% share of the team’s annual cable TV revenues, under certain conditions.
During years of contentious discussions before a 2014 settlement, Olympia consistently maintained that it owed the city no TV revenue, since the TV deals were with the Red Wings and not with Olympia.