Quote:
Originally Posted by Jason14h
At least be accurate - it’s subsidizing the owners not the players
Unless you think Kadri and Hubby should be financing the new arena
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I don't think the sentiment is entirely unfair, Sports franchises are rarely viewed as revenue generators for the owners, they are more seen as equity growth opportunities.
1 NHL arena represents ~10% of the leagues annual revenue (+/-1/2 Billion Dollars). I think in a world where the league mandated 10% of revenue went to infrastructure development, either each team sets aside 10% of revenue for future investment or spends 10% of revenue on mortgages/rent or the league pooled ownership of the facilities and they as a group undertook 1 property investment / year.
And where players were earning 40% of league revenue, you would not see much substantial change in the lifestyles of the players. You would not see reduced competition to work for the league....
My guess is 10% is well within the realm of what most businesses spend on property/rent/facilities annually. It's just that in pro sports that money has been redirected from the business side to other areas, talent, management, marketing, profits...