Truth is nobody knows how much money they are making because they won’t open their books. Which tells you they’re profitable, actually. Why would you open your books to the public when you’re asking them for a handout?
When a private business goes to the public for a handout for their capital project and then won’t open the books that tells you they’re making money because it probably wouldn’t look good if they were rolling in cash and asking for the public money. Obviously this would decrease the public’s willingness. Which is good actually for keeping the team in Calgary and their right, and it’s better they make money than lose money for the Flames and concept of keeping the team in Calgary vs. Relocation but we shouldn’t pretend that owning the team and signing contracts is some altruistic thing. I find the sentiment a bit odd.
The salary cap ensures that league spending does not outpace revenues so when a team spends to the cap it doesn’t mean anything, really.
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