Quote:
Originally Posted by PeteMoss
From what I've read - these figures are all based on tax returns. As you know, taxable income <> accounting income.
Keep in mind with the Knights the owners are also employees so you can pull funds out of the business as wages or bonuses to show what you want to show.
But these franchises are like pro franchises in that the gains tend to come from appreciation in value rather than income.
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All very true.
But again, this instance is disingenuous.
They took the best team's best year and hollered from the rooftops about how much money they make.
They may not be wrong, and again, the players should probably be paid more than they are, but be real about it. What happens if the London Knights slump for 5-7 years? Are the players willing to take a pay-cut then?