Quote:
Originally Posted by Sylvanfan
Given the risk and amount of the original investment...it's not that good either. Rule of 72 would suggest an annual return of about 4.5% to triple initial investment in that timeframe.
Not a junk bond by any stretch, but that's a low rate of return.
Both sides have a point. It's not a venture that the Flames cannot afford to finance on their own. It's also a venture that the city of Calgary should avoid buying into.
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Sporting Team ownership is a L U X U R Y. The fact that it comes with a not-completely-horrible return on investment is a nice perk. The fact that this is apparently used as an excuse for public subsidies is inexplicable.