View Single Post
10-12-2012, 07:10 PM
Registered User
Join Date: May 2009
Location: New Orleans
Country: United States
Posts: 3,996
vCash: 500
Originally Posted by DJ Omnimaga View Post
I thought they lost over $25 millions the year before the bankruptcy? (unless they went bankrupt the year before?)

Also while they lost $24.1 million in 2011, if they didn't receive the $25 million subsidy from Glendale they would have lost $49.1 millions. Even more if there was no revenue sharing.
See: Accounting Practice discussion. Moyes gave $13 million of the Coyotes money to another company he owned to lease office space (from himself) when there was more than enough room in the brand new arena for everyone.

KevFu is offline