I was looking through some older articles’ on the Sale of the Canadiens to the Molson Family, and I found a little comment in an article by the Globe and Mail:
It should be noted that in 2009, Forbes had the Canadiens at $130M in revenue, and an operating income of $31.3M.
Now, how can the disparity be explained? Is it possible the revenue # outlined by the Globe and Mail includes non HRR? It seems obvious that they have separated the concert promotion business out of the picture. Additionally, given the large disparity in Revenue numbers between the 2 publications, it is interesting that the reported income does not have as large a proportional difference.
The detail is non-existent here TBH. Operating is not net. Revenue applicable to player's share is different than the corporate reported figure. Accounting vs tax is also different. But I digress. Bottom line, we dont have the necessary detail. And neither does Forbes. Never have and never will.
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