EDM revenue's exceed 80million ..
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12-07-2004, 02:20 PM
Join Date: Jul 2004
I work for a company that is a "minority" shareholder in the Edmonton Oilers. Talking with people somewhat "in the know", I can say that the Oilers organization is not a money-making business. You can look at all the gross revenue numbers you want, the bottom line is that it is basically a coin toss every year as to whether or not this organization will turn a small profit or suffer a loss.
As to Tom's ideas about the cash call going towards the NHL war chest - I honestly don't have the facts available to refute that, but it smacks of conspiracy theory to me. I know a guy who could probably have half the visitors here doubting whether the moon landing ever really took place - doesn't mean he's right.
Could the Oilers have drafted better in the 90's? Of course they could have. So could have many other teams. But the Oilers have,
, kept their payroll in the bottom 3rd of the league over the past 8 years or so and still managed to challenge for a playoff spot every year. Basically, they've done the best they could with what they had. They are the poster child for franchises that need help from a new CBA.
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