Here is the thing that you're all missing about the CFL.
No one builds an arena due to the quality of the athletes, they build arenas to make money.
The CFL is no longer a gate driven league, so having a great stadium isn't keeping the Stamps in town or forcing them to leave. It's all about how MUCH profit the owners will make off the Stamps.
Quote:
And one thing trumps the argument:
“The TV contract … TSN has done a great job. Too good a job,” Buono said. “And we get compensated for it.”
The TSN’s $40 million a year all but covers each team’s $5 million salary cap, leaving gate receipts, sponsorships, advertising and in-stadium revenues to pay for training camp (often subsidized by a host community), staff, travel, scouting, rent, etc.
If a team draws 20,000 per game nine times, at an average ticket price of, say, $60, that’s $10.8 million from ticket sales. If the average price is $40, that still $7.2 million at the gate alone, before any other revenue is counted.
|
The BC Lions are profitable at 20 000 seats. Maybe McMahon should be demolished and a smaller stadium built for a team that has seen declining attendance numbers for several years in a league that has seen huge attendance decline in the same time-frame.