Quote:
Originally Posted by Rando
According to Forbes
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Quote:
Originally Posted by Strange Brew
They make over $100 million? I don’t think so.
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That Forbes report is Revenue, so thats before all expenses.
So sure, its entirely likely they gross around $100M/year but theres no way they make anything close to that in profit.
Just accounting for the salary cap of ~$80M kills most of it let alone benefits, staff, insurance, maintenance, travel, etc. They're likely turning a small profit or breaking even.
The real moneymaker for the Flames is the fact that the initial investment was ~$30M in the 80s and the current value of the team/franchise is substantially higher plus things like expansion fees and TV revenue.
Its not like they've been making a killing on playoff ticket sales.