Quote:
Originally Posted by Fire
The Canadian dollar isn't weak. It's currently really close to it's average value since 1990. The current local economy is most likely the new normal in Calgary. So don't expect the Flames to be a top 10 team in revenue again unless they have long playoff runs (or get a new arena).
Many of the anti-CSEC group have been saying the Flames were a top ten team for revenue and was using that as an argument against them on why they don't need funding. Now Ken King tells them otherwise and the same group gets defensive and proclaim that CSEC is misleading the public because they are still making a profit. Even though they never said they weren't making a profit. I'm sure if the Flames end up losing money in the future the same group will tell us they are still misleading us because the increase in franchise value makes up for any losses.
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I think you are failing to understand this.
Toys R Us just filed for bankruptcy, should the feds help them out with our money? A private or public organization's bottom line is not a tax payer issue.