Quote:
Originally Posted by malcolmk14
I'm curious. Anyone have any math regarding how much a 10 cent change in the dollar affects the Flames in terms of net profit?
|
It really depends on how much they hedge. Since a significant amount of the flames money comes in at the start of the season in Season ticket sales they could have converted that money at almost par to cover Salaries.
Their payroll is 56million so the difference between 90 cent dollar and an 80 cent dollar is about 8 million