Quote:
Originally Posted by Cappy
Maybe I'm out to lunch here, but if a company isn't making a reasonable profit, they should look in the mirror and ask themselves what they could do better?
Perhaps if the NHL model is not conducive to making a reasonable profit while paying its own capital costs, certain changes should be made within the organization itself...
Maybe salaries should be lower; maybe ticket prices should be higher?
Or, perhaps the NHL has gotten away with public subsidies for far too long and have found an incredibly effective means of continuing to receive these subsidies from the public so as to continually maximize their profits without any need to build their own arenas.
In any event, neither situation entitles the NHL, or any organization to demand hundreds of millions of dollars from the public for capital costs. |
Yeah this is it. Problem is that there is the hockey business and the arena business.
Maybe it's the arena business that really isn't profitable. Spending $500 million plus on an arena in Calgary may simply not be a good business decision for anyone.