The Official Arena Thread Part 6
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11-16-2012, 11:46 PM
Doan Shall Be Boo'ed
Join Date: Oct 2009
Originally Posted by
Found this very interesting in regards to Katz and his arena, and the way the people of Edmonton view him as snake in the grass. There has been much discussion as to why Katz needs a new arena for long term sustainability of the Oilers, and due partly to much of the economics of the NHL changing at a rate that has a lot of teams including Edmonton lagging behind in the near future. Much of those teams have the benefit of being in a large market, while Edmonton has all but reached its peak in profitability from a hockey revenue only standpoint. While it's debatable how much more can be squeezed out of the Edmonton fans moving into the future, what's not is the very real economics of the Oilers and their new arena.
KevFu over on the business boards unwittingly explained exactly why a city-funded arena that reaps all extra revenue from events would leave Edmonton in a hurting position 5-10 years from now:
Fail. How can any intelligent person compare the situation of the Florida Panthers to the Oilers?
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