Quote:
Originally Posted by ken0042
Actually if the Flames paid $600M on their own for a new arena, just on Flames ticket prices alone they would have recovered the cost in 18 years, and on a 30 year lifespan of an arena be up $484 million. Or about $16M per year over and above what they bring in now.
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The Flames' owners are mostly in their 70s. So 18 years before seeing any money is a stretch for them.
But in any event, your finances make no sense IMO. Paying $600M would be on top of the expense of running the hockey team, and operating the property, then splitting HRR with the players. Are you suggesting the Flames have net profits of $70M per year on ticket sales alone?
Plus, as rich as they are, they can't afford $600M out of their pocket - it has to be financed, so add interest and fees.