Quote:
Originally Posted by Locke
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.
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Yeah, I know. That's why both posts I said revenue, not profit.
It's a little baffling Strange Brew just brushed the figure aside . Forbes is a better source then the quote "I don't think so" in my opinion.
The exact number Forbes has is 132million in US dollars by the way. Flames player salary is over 80 million, so while I don't think they're making money hand over fist, they're still making a tidy profit. Also don't think Forbes has the entire picture, and I don't doubt the Flames are doing some creative book keeping to have reported revenue down.
Long story short, the Flames aren't going anywhere anytime soon. Gary Bettman can't snap his fingers and move the team so fast my head spins, and the Board of Governors won't approve the relocation of a successful Canadian franchise, one that makes a profit despite a sub standard arena in their eyes.
Oilers revenue shot up over 30 million a season after their new building, so we can see why the Flames want a new rink. But it continues to be a bad investment for the city.
The Calgary Flames need a new arena, not the city of Calgary.