Thread: GDT: The lockout thread
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10-18-2012, 03:02 AM
  #517
Master Yoda
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Join Date: Aug 2003
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Quote:
Originally Posted by HockeyCA View Post
A commissioner of a professional sports league which generates multiple BILLIONS of dollars per year in revenue actually cancelled an entire year.
People really need to be able to distinguish revenue and profit (or net income). They are not the same. Revenue - Expense = Net Income. So if a business sells $100 million of sofas but it costs $43 million to make those sofas and you're paying $57 million in employee salaries, the business is not making any money.

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