May as well wade in on everybody's favourite poster child for mediocrity, The Toronto Maple Leafs. Just this week Forbes magazine ranked them the most valuable brand franchise in hockey, worth some $413 million. The parent company Maple leaf Sports and Entertainment is pegged at $1.5 billion in value.

That despite being currently mired near the bottom of the league in the standings, their players involved in media scandals and pending jail terms, winless at home, missing the playoffs for the past umpteen years, no Stanley Cup since 1967 and maybe worst of all, having an ownership group that is more interested in market valuation than in satisfying those who make up that valuation - the fans. Jim Leech, the guy who runs the Teachers Pension Fund who own 58% of the Leafs is quoted as saying that "It's a great brand that people love". Richard Peddie, the much maligned CEO of Maple leaf Sports and Entertainment said this about the value of the Leafs: "My fear," he says, "is that people will say, 'Sure you increased enterprise value, but you never won anything." Richard and Jim, here's a bulletin: people don't love the Leafs and your fear has become a reality. You are both allowing the value of this brand to be pissed away. And you're not doing anything substantive about it. Waiter, I'll have what they're smoking.
Tune into the sports radio shows, listen to the post game call ins, read the papers, talk to people coming out of the ACC. YOUR LOYAL CONSUMERS, THE ONES WHO HAVE BUILT YOUR MARKET VALUE, CAN'T STAND YOUR PRODUCT.
When a company is continually posting the kind of failures that the Leafs continue to post, there is a distinct need for change. Not change for change sake but real change. If car companies were run like this, heads would role (and they have, for much less). If packaged goods companies turned out product failures year after year wouldn't someone be held accountable? Would the CEO still have a job? Doubtful. The brand manger (the coach) would be gone as well. And the product (the players) would be tweaked and reformulated to provide something new to talk about and send an important message to your core consumers, your loyal brand advocates, that you take this seriously and are doing something about it.
By doing nothing, the Leafs are killing their brand.
UPDATE: Nov. 27th. Stick a fork in him. He's done. Still doesn't fix the problem however. 
Jan. 22, 2008: He's 'officially' done but he's been a lame duck since December. Feel sorry for him. And Cliff Fletcher is back. Oh, that oughta fix things.