Quote:
Originally Posted by RM14
The next fan gathering where executives are present I recommend you ask for yourself. Owner withdrawals from the franchise have never happened. Just ask.
And ya ya.... Theyre ownership interest has increased substantially since original investments. But that equity is not realized until sold and value could crash same as it has risen.
|
What do you mean "ya ya"? As if that isn't relevant?
The owners don't own the Flames to give to charity. If they wanted to give to charity they'd give to charity. They own the Flames to make money. They do that primarily by increasing equity over time. You know they can re-invest profits to grow their business and then claim YOY they aren't taking dividends, right?
Increasing equity is not irrelevant, it's hundreds of millions of dollars here. These are not some hard done by group of people. Sure, they have spent
other people's money Flames money on charitable donations and within the community to lock in the taxable benefit, but when:
a) books are more or less closed, so profits tough to determine
b) they can afford to raise the cap YOY on player salaries
c) they want, not need, a new arena with more luxury boxes to make even more money (you think that extra money is going to charity?)
d) they make millions off of their investments through equity stakes by re-investing profits...
like come on. This is so disingenuous it's embarrassing. Cyclops' point is right. It's about time we prioritize more important civic issues over professional hockey and entertainment. It's about time we take the emotion out of the decision and treat this like the business decision it is. A horrible, lopsided deal. If you look at this deal in its' present form and say yeah let's accept, I have to believe you're thinking with your heart and not your head.
This is about a Flames want, if they want it, go buy it. Don't drag us along pretending like it's a good deal, because it's not for a host of reasons previously mentioned.