Quote:
Originally Posted by Resolute 14
The city was subsidizing the NHL's losses the previous two years to the tune of $25 million each. So this is definitely an improvement.
Trout - I only skimmed a couple of the stories. Is that $8 million loss the total loss (AMF + debt servicing) or just a loss on the management fee?
Also, lol on the one suggestion of renegotiating the fee. That will play out in one of two ways:
City: "Lets renegotiate"
Team: "No"
or
City: "Lets renegotiate"
Team: "No"
City: "We'll try to find a way to cancel the lease then"
Team: "Sure. We'll just move to Quebec/Seattle/Hamilton/K-W/Kansas Cty/Las Vegas and rake in profits."
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you don't think that was the plan from the start?
Why do you think there was the 5 years or $50 million in losses, whichever comes first clause. Those new owners want this to fail for that exact reason. Just like Katz bought the Oilers to get his arena to boost Katz Group owned real estate value. There are no White Knights in billion dollar businesses.