View Single Post
11-12-2004, 09:48 AM
Registered User
Join Date: Nov 2004
Posts: 810
vCash: 500
Originally Posted by BM67
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.
Unless the owner aquired the arena soley because of his hockey franchise, remember these owners in the US are not paying for arenas, they get given them.

vanlady is offline