Quote:
Originally Posted by Hockey Fan #751
It's dangerous for the Flames to privately finance the building themselves given the size of this market. Most teams who have done this have ended up having to declare bankruptcy and/or sell the team and arena.
Toronto is the only team I can think of who hasn't had to do this. Among those who have: Columbus, Ottawa, Vancouver, Montreal.
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That's an interesting example and something to consider.
It could point to a lot of things. Are these no longer 'profitable' enterprises, or not 'as' profitable, necessitating a sale?
Is the building ownership a secondary concern compared to other financial investments and debts?
Are there examples of building ownership which contradict these examples?