[Monahammer]

Originally Posted by Cleveland Steam Whistle

I don't know. Take a look at the Oilers franchise evaluation over the last 10 years. Take a look at which year it jumped substantially. The year they completed the arena. The bulk of the franchise evaluation seems to be tied to the arena asset (the same will happen with the Flames when the new rink happens). Franchise valuations don't equal return on investment or profitability. It can of course indicate return on investment, but in the Oilers case, they just happen to have a valuable building and piece of real-estate now, that cost them a crap tone to build.

People don't tie up 100's of millions of dollars to squeak out a few million in profit best case scenario. These hockey clubs, Oilers, Flames otherwise are likely the worst investments these very smart businessmen make. They do it for other reasons.

Just do some quick math on some items we know. Might be a few years out of date, but:
- Average ticket price in Calgary was around $60 USD.
- Saddledome capacity, 19,289.

If you assume a sell out every night, which doesn't happen:
19,289 x $60 US = $1.16M in revenue collected for each home game

They play 41 home games a year (plus say 6 pre season so round up to 47)

47 x $1.16M = $54.52M in revenue every year from ticket sales.

The cost of the Flames roster in one year is $82.5M

So just with the roster and ticket sales they are already ~$30M in the hole a year.

Of course that's not the full picture. Revenue missing:
- Concession sales
- Jersey's etc..
- Broadcast revenue

But also, expenses missing:
- CSE management
- Operations expenses (staffing the dome, everything else)
- Hockey operations
- Advertising etc...

Point being, given the hole is already $30M on ticket sales vs. roster cost........not to hard to see that this is not a cash cow for the owners. It's why we always here they need those home playoff dates just to be profitable.

Why do napkin math when the numbers are actually available? But sure, ok, use these absolutely useless data points you've created on a whim to prove your point.