Quote:
Originally Posted by rooster
ARE YOU KIDDING!!! There is not a chance in hell that is true. When are they losing money? After Edwards and all the bigshots take out there inflated paychecks and bonuses out? I am sure the covid put them in the red for a while but there is no ####ing way they are losing money. If they were the value of these sports teams would not be escalating every year.
The Stamps have 9 home games for petes sake. The Flames probably make more money than the Stamps off jerseys and hot dogs!
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You do know players salaries are paid in USD and a lot of the Flames revenue is in CAD. Besides the players salary the team pays for coaches, management, equipment, travel (30k/hour for a charter), hotel accommodation, scouts, player development, meals, trading staff, medical staff, CSEC staff, and other things I'm forgetting. There is a lot of costs associated with owning a team. And the NHL is a gate driven league. Just because the Flames are "worth" a certain amount doesn't mean they bring in profit every year. Most NHL teams lose money.
The Flames could sell 1 million jerseys. It doesn't mean they receive all of the revenue from them. The NHL collects the revenue and distributes between the teams. So I'm not sure where you are going with the jersey comment.