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Originally Posted by Enoch Root
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.
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Beer sales can sure as hell tell the difference between a good economy and a bad one. It isn't the team's record that is damaging the bottom line this season, but the fans' disposable income.
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Of course revenues aren't guaranteed, but they are what they are.
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Yes, and what they are is declining – in ancillary, day-to-day matters first; next year, probably, where it will really hurt, in season-ticket sales. This makes the owners particularly keen not to take on unnecessary expense. They will therefore be reluctant to retain salary on trades, even if they have no actual policy against it. Which was my whole damned point to begin with.
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And the team operates in Canadian dollars. Canadian dollars do not weaken for someone living in/operating in Canadian dollars.
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Which is why hedging is irrelevant in this context. I was arguing against Enoch Root's claim that all the team's financial worries were solved by hedging. Hedging can't solve a crappy economy.