Quote:
Originally Posted by Jay Random
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.
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Not sure where you are going with this. They are still selling out, and I would imagine that beer sales can't tell the difference between wins and losses.
Of course revenues aren't guaranteed, but they are what they are.
And the team operates in Canadian dollars. Canadian dollars do not weaken for someone living in/operating in Canadian dollars.
The only currency impact is an
appreciation of the USD on some of the expenses (salaries). And that can be hedged.