Quote:
Originally Posted by BlackRedGold25
If that was the cap and they spent to it they'd deserve to lose money. In what world should the worst team be expected to make money if they're also the most expensive team?
Fact is, right now with the worst team in the league they're a mid-range revenue team. If the team won they could be a high revenue team at some point, even in a 40, 50, 60 year old arena.
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I am not usually one to defend Katz in this but I think the point he is trying to make is that the arena is at capacity, they are getting all possible revenue from it now with a losing team. Becoming a winning team will increase revenues only if they make the playoffs, or get a bigger, better building which can support an increase in luxuries that will increase revenue.
For a losing team this city is still rabid about their Oilers, I don't get it, these first round picks haven't proved anything yet but still the building sells out and memorobilia flys off the shelf. There will be a small increase in that as winning will bring some more fair weather fans back but the arena is full and winning more won't drive up ticket sales in Rexall as they are already maxxed out.
There is no doubt a new arena is required to increase revenues, the doubt is who should pay the cost to increase them. They city can pay for the arena the day it gets a suitable proprtion of all arena based revenues or if Katz will accept a rent agreement that doesn't take half a century to repay the taxpayer.