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No More Lockout Blues! - 2012 Lockout Part 2 [UPD: AGREEMENT REACHED!]
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11-19-2012, 08:23 PM
Join Date: Dec 2011
Location: Turner Valley, Alta.
I have a very hard time believing that the pair of them didn't make money, considering that alot of the overhead on running a business can be written off at tax time. If you know what your doing, you can make it so that you'd paying very little in tax and are actually getting the bulk of written off. On top of that, they are receiving extra tax breaks from the provincial government just for having the team in MB. Lets not kid ourselves here, the system favours the rich. I don't claim to be an expert in how negotiating the tax world works, but I do know that most of their expenses can be written off by the federal government.
The MTS centre sits what? Like 15,000 people? Lets call it 13,5 just to be safe. I'm not sure what the tickets are on a high end, but it's prolly at least a hundred bucks. Probably more. But let's call it a hundred bucks a ticket. That's 1.3m a game, just on the door. Multiply that by 41...that's 53m a season. Pretty much the payroll. And that's being on the safe side.
That's not mentioning merchandise, concessions, parking...yadda yadda yadda.
They made a good chunk of change, more then we will ever see that's for sure. Did they make out like bandits? Probably not. But they did well enough to not receive revenue sharing.
Had they spent the extra 20m on players, they might be breaking even.
And if anything, the NHL team has made Winnipeg as a concert location more desirable. More concerts, more events...more money. That's not to mention all the concession from that.
Let me be clear, I am totally in favor of a lower cap. It will do nothing but help this team. Where the jets are comfortably spending is going to be spending to the cap and I'm ok with that. However, I highly doubt you'll ever see this team anywhere else again(knock on wood). If our fans continue to be hockey crazy and sell out games and continue to support this team like a pack of rabid wolves...we'll be fine. This time around there's a salary cap. The dollar is stronger, or rather the American dollar is weaker. And the ownership group actually knows what their doing and is being vey smart about this. They own the arena, they're not making contracts that are going to break the bank. Even if either one of them decides to back out, someone else will buy in because this team makes money.
It also takes alot to move a team, and all other options will be pursued first. Look at Phoenix. It's been floundering for years!
Last edited by sully1410: 11-19-2012 at
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