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11-12-2004, 08:08 AM
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Forbes says the NYR lost $3.3 mil before interest etc. Forbes also lists the NYR as having a debt load of 92% of their value of $272 mil in 2003. So what is the interest on a $250 mil debt?

He gives two good examples of unclaimed hockey revenue, but most of his other claims are terrible. A concert or hotel development are not hockey revenue. If the arena wasn't owned by the teams owner they wouldn't be hockey revenue, so they shouldn't be HR just because you own the team and arena.

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