Well, if things don't change, the losses will be well more than $50 million. The escape clause, iirc, is that the lease can be voided after five years if losses exceed $50 million. They could surpass that within two seasons if the revenues don't improve, but will still have to eat three more losing seasons.
I think plan A for RSE is to turn things around in Phoenix. That has always been a long shot, so Plan B is relocation. That is their hedge against losses. Move the team to the Golden Horseshoe and the immediate increase in value would cover most or all of even the most extreme losses in Arizona.
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