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Originally Posted by Rutuu
This story needs more press. Makes sense from a figures point of view. The deals teams get are ridiculous. Sports are a business, act like all the other capitalists and include the PP&E, Capex and Opex in your calculations.
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Not sure if it's true or not, but I read an artical for Business Insiders stating the the Glendale arena had better revenue since it evicted the Coyotes than when they were there.
The playbook is to make smaller markets think they need to subsidize their franchise to be in a league with Los Angeles and New York. Have that community pride pep talk to justify it.
I'm not sure if San Diego or Oakland really miss their football teams having not built them new stadiums from a pure economic standpoint.
Perhaps the City needs to take a hardline and just build a new arena whether the Flames are onboard or not. That might get the Flames to wake up and play ball. There's only about 400 million in franchise value for them at stake if they get left out of this partnership.