Quote:
Originally Posted by Jer Bu
No private information, just published info combined with common sense..
Forbes will tell you how much the flames netted in EBITDA in 2012-2013. Common sense says it increased last year.
The fact that the Flames are a limited partnership, and how limited partnerships work is public as well.
But for me it comes down this - the flames are a profitable business , last year and very likely this year they will not spend to the cap - increasing profits.
Taking on private debt will hurt those profits, for sure. If I were them I would be looking for lots and lots of public money to reduce that debt. And if I were the city / province - I would be making damn sure that any funds or financing given was treated like a real investment, and not a gift or some type of public improvement.
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Thanks for the reply. Forbes numbers are estimates only and they have stated numerous times that they have no inside information in regards to arena deals etc. Using this information it would appear as standard accounting practices which would be great, but again I wouldn't quote any numbers as being factual.
Thanks again.