View Single Post
Old 08-11-2015, 10:17 PM   #977
heep223
Could Care Less
 
heep223's Avatar
 
Join Date: Sep 2013
Exp:
Default Giordano Extension. Kypreos: Starting point is $72 million over 8 years

Quote:
Originally Posted by Pliddy View Post
I know the Calgary Flames have had up and down years as a business, but I wonder how the Calgary Sports and Entertainment Group does on a year end spread sheet? Pure speculation on my part, but I would think the whole organization has healthy returns

You think they make money on the roughnecks and hitmen? Oh and everyone knows owning a CFL franchise is extremely profitable?

It's not a lucrative business. It's a community and lifestyle investment. They probably made a decent return last year on the Flames but probably the first time in many, many years. Since the 04 run I'd guess. I hope they make piles of cash over the next few years because that would likely mean deep playoff runs.
heep223 is offline   Reply With Quote