Edmonton Journal: Why do billionaires keep buying teams that lose money?
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11-19-2012, 03:53 PM
Join Date: Nov 2004
Originally Posted by
The Thrashers were losing money, ASG was not. So if ASG came out and said the team is / was not profitable they would be correct. Has nothing to do with ASG being profitable.
Oh, but the reason the Thrashers were losing money is because nobody in the market liked hockey. The logic from those articles would reveal that any hockey team losing money doesn't have enough fan support and either needs to move or fold. Not that I agree with that, because I do not, but that was what the wisdom of the crowd stated at the time.
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