Quote:
Originally Posted by Enoch Root
Purchasing a franchise is purchasing a license/asset, in order to generate and participate in the revenue streams of the business. It isn't part of the revenue streams.
Anyway, enough from me.
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Purchasing a franchise is not revenue. Selling franchise rights is. How are you suggesting an entity accounts for the sale of franchise if not revenue? (hint: it is in the revenue standard).
As for your earlier comment, I have read the definition of HRR and it excludes franchise fees. I am suggesting players will negotiate to broaden the definition.
All revenue in the NHL is the result of playing hockey. If arena sponsorship revenue can be included in HRR, why can't franchise fees?