Quote:
Originally Posted by MBates
I don't mind admitting I don't fully understand. If you have revenues of $7.6 million as a junior hockey club (being $3 million more than your expenses) is that not machine-like making of the money?
I appreciate that might not be indicative of long term financial stability but it is a huge pile of money for "amateur" hockey no?
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Earnings are a good indicator, but what's missing from the tweet is if the team has any debt and what those repayment terms are. If they're making $3M a year but have to repay $2.9M, it might not be as good. If they're debt free however, they likely doing alright.