Quote:
Originally Posted by Strange Brew
I agree with Bingo that there is no "smoking gun" here, if you are looking for a hidden pile of money that changes the economics for a tenant of a new arena.
But does anyone honestly believe the Hitmen do not turn a profit?
Average over 8,000 fans a game for 36 home games, leading the league.
A very favorable lease arrangement
No player salaries
Minimal travel costs compared to a pro team
Ability to share back-office costs with the Flames
CSEC is a private company and how they want to keep their books is their business. But part of their sales pitch for public money is how they are unable to be viable without public assistance in form of a new arena. The amount of financial info we see from them is rare. And so when you do see something that is so obviously implausible, it can't help but leave a sour taste in my mouth and question the legitimacy of other claims being made.
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You have keep in mind that the 8,000 figure is an inflated number. I believe that all Flames season ticket holders in the luxury seats are given tickets for the Hitmen. And even if they don't show up for any games those tickets are counted as bums in seats for attendance purposes.
A likely explanation for the overall loss