: News Article:
McGuinty to cut tax break on sports tickets. Edit - McGuinty's proposal canned
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03-01-2012, 05:14 AM
A mad Mup
Join Date: Mar 2009
Location: A Blue Box
Originally Posted by
Melnyk is a smart businessman and if he has to be ruthless I'm sure he will without any doubt. If he's going to be hurt financially because of the McGuinty changes then I'm sure he won't hesitate to move the team to a more
Oh rly? And what magical market would that be? Ottawa has had the smallest Canadian corporate base since inception given the government presence in town. Government workers can't write these tickets off as business expenses and there hasn't been a lot of corporate support since the tech crash. Unsurprisingly, Ottawa is still in the NHL.
The article says that the Ontario Government on average spends 15 million due to the break. How much of that do you really think is going into Senators ticket holders pockets? Think about how much MLSE, the OHL, and CFL take of that alone before considering the Sens. Ultimately the 2-3 million won't make much of a difference. A few home playoff dates and price adjustments will offset those minor loses that.
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