Quote:
Originally Posted by Vulcan
As I said it won't be as much of an issue where the team was threatening to move but it still could affect our budget. Going by my memory as reported by Forbes, the Flames haven't been a moneymaker even in their last playoff years. I'm sure the last couple of years since we sold off our assets have been good moneymakers though.
The Saddledome just isn't a good money producer and that's part of the reason the team wants a new arena and this new arena could put more pressure on the teams finances.
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Forbes estimates the Flames had a profit of over $11M in each of 12-13 and 13-14. The dollar was last at around the level of the 14-15 season in 08-09, when the Flames were estimated to break even. With more home playoff games in 14-15, it's safe to assume the Flames still turned a profit last season.
With the higher payroll and lower (for now) dollar, maybe that won't be the case in 15-16. Time will tell.