I imagine Flames will be worth $1B in near future. More people are joining the ranks of the super rich every day and pro sports franchises are one of the scarcest assets on the planet.
Focusing the discussion on operating income vs. franchise value isn't the right way to look at it IMO.
It's funny. Three months ago the owners are being criticized because they won't let any GM do a proper rebuild and are way too hands on.
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