How to make the NHL profitable again and prevent future lockouts: IPOs
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10-02-2012, 09:57 AM
Join Date: Dec 2009
Location: New York, NY
Originally Posted by
Unfortunately, that IS how a publicly financed team works. The city provides them with a loan which must be paid over a fixed number of years, or it will incur interest. Season or no season, the owners will still be paying off that loan. The loan number that the city allocates IS public.
Do you know where that loan money comes from? It comes from the taxpayers who reside in those cities. Try to tell those people earning $40,000 a year that the hockey player making millions needs more cash to 'feed his family' and see if they don't laugh right in your face.
Poor, starving hockey players...
He didn't say that the team doesn't incur any expenses during a lockout, he said the expenses are significantly REDUCED.
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