Quote:
Originally Posted by Fire in the disco
Especially regarding Forward Contracts, also it's true that the Flames would have likely budgeted for the fiscal year prior to the start of the season (depending on their reporting calendar) so if they did in fact hedge at that time they have significantly reduced their risk of foreign exchange exposure.
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Thing is, the C$ is at just about the same level now as it was last summer. And to return to my earlier point, a loss of revenues cannot be hedged. If people aren't buying game-day tickets at full price, or aren't spending money at the concessions, currency hedging can't fix that.