Quote:
Originally Posted by Enoch Root
Expenses are declining.
WPG and CAR retained. Neff said
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Expenses decline faster if the team moves out players without retaining salary.
Meanwhile, revenues from single ticket sales, concessions, etc., etc., are being received in devalued Canadian dollars, and that can't be hedged in any meaningful way. Nor is currency hedging a cost-free operation; it can never be done with 100% efficiency.
So the team's revenues are lower than forecast, playoff revenues will be nil this year, and the payroll has been close to the cap all season. I strongly suspect the Flames are going to finish the year in the red if they don't move out significant salary, and every dollar they retain makes that harder to achieve.