[News] Senators exploring sale of team

[Jiggy]

Originally Posted by marsplasticeraser

The flames made $41 million in 2022. He is not a benevolent owner. He is a lazy owner. There are a ton of lazy business owners.

For Murray Edwards he puts no effort into a business that produces substantial, risk free operating income every year.

He is a terrible owner because he doesn’t care about the on-ice or off-ice product.

Where is your proof they made 41 million?

[ResAlien]

Originally Posted by Jiggy

Where is your proof they made 41 million?

https://www.forbes.com/teams/calgary...h=4ca2e2e31905

Think it’s from here. Looks to be a trustworthy source. Allegedly an operating income of 41 million

[Enoch Root]

During Covid. Yeah, I am going to go ahead and call bull#### on that one.

[TheScorpion]

... well, it was during Covid, but there were relatively few restrictions on entering the Saddledome and buying pretty much anything in the building for large swaths of the 2021–22 season and pretty much all of 2022–23. I'd be shocked if they didn't turn a pretty substantial profit, honestly.

[dustygoon]

What a turn of events over the last 20 years for this team. The senators used to be marketed as a tax shelter because they lost so much money. Buy a partnership interest, and you too could get an accelerated tax write-off by using the losses against your other income.

[Jiggy]

Originally Posted by ResAlien

https://www.forbes.com/teams/calgary...h=4ca2e2e31905

Think it’s from here. Looks to be a trustworthy source. Allegedly an operating income of 41 million

Forbes won't have actual numbers. I know people within the organization and they made a small return in 2022. The Flames have been receiving revenue sharing more often than not the past 10 years.

[ResAlien]

Originally Posted by Jiggy

Forbes won't have actual numbers. I know people within the organization and they made a small return in 2022. The Flames have been receiving revenue sharing more often than not the past 10 years.

I’m no economist or corporate tax account but it looks like they also have the Flames at -39 mil for 2021. That would seem to support your stance about it being a poor franchise. That 41 mil looks to be an outlier not the norm.

[Reggie Dunlop]

SOLD!

(Tentatively).


https://www.cbc.ca/news/canada/ottaw...auer-1.6849098

[powderjunkie]

Is this still available?