Quote:
Originally Posted by You Need a Thneed
It's not perplexing why the team hasn't moved to date. Someone else was always covering the losses of the team.
That's changed now, and why I suspect that the team will be somewhere else for the 2013-14 season.
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The COG has been covering part of the losses ($25M) but I've read the losses have been $30M to $40M/yr. The team hasn't made a profit in all it's years in Phoenix, so it's been throwing good money after bad.
You're right though, the subsidy has stopped but why this money losing soap opera has been allowed to go on for years is the question.