Quote:
Originally Posted by Senator Clay Davis
Right but this is where moving to Seattle costs the team millions in revenue a year, nevermind the relocation fee. I fully get why the arena would want as many tenants as possible, I just don't see anything but a financial calamity moving a team from the only real pro team in a hockey heavy market to being possibly the fifth option for pro sports fans (and possibly down the sixth or seventh overall when UDub is factored in) in a hockey market that is mostly unknown. If Seattle were some kind of homerun market they'd already have a team, even if it were in the current Key Arena.
|
So say they profit ten million a year instead of 30 million a year in Calgary.
But they save 500M initially. Only need a 4% return on that money to breakeven.