Abbortsford Heat for Sale?
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08-19-2012, 06:50 PM
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Join Date: Jan 2006
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Originally Posted by
As the Canucks farm team, they will draw more than 2,500 for a regular season game, let alone playoffs.
It's a good business decision to sell,
IMO. Unfortunately, the Flames have had a real string of bad luck with farm teams lately.
Actually, strictly from a business point of view, the Flames would be nuts to terminate their
10-year contract with the city of Abbotsford
The Heat contract with the City of Abbotsford is a 10-year deal. The contract guarantees the Heat will reach a break even point of $5.7 million each season. If the team does not reach the break-even point, the city pays the difference. The city has had to pay the hockey team close to $1.8 million in its first two seasons of play.
The Heat and by extension, the Flames organization, can't lose a single cent during the length of the agreement. It's an incredible deal.
On the flip side, it's from a purely optical point of view that selling makes sense. The team doesn't draw many fans and the city of Abbotsford hates the deal and is looking for a way out, a logical decision given how much money they've lost.
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