Edmonton Journal: Why do billionaires keep buying teams that lose money?
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11-19-2012, 10:23 PM
Join Date: Sep 2003
Location: Oiler fan in Calgary
Originally Posted by
I have no problem with taking him to task, but when one person is trying to talk about what he was actually trying to say (being me) and another responds with how badly he laid out the facts to support his argument, it's very frustrating. In my mind, those are two separate topics.
Agreed on those numbers you laid out, but one of my points is, "so what?" If the existence of the hockey team gives the owner access to a revenue stream 3 times as large and hugely profitable, then an owner might look at that and say that it's worth operating the team at a loss if necessary.
Yes, they are 2 seperate topics, both worth discussing. Dishonest reporting is a pet peeve of mine.
On your 2nd point, I dont see why its ever necessary to operate at a loss. There should be no reason why a part of a multi-billion dollar industry should lose money aside from extenuating circumstances.
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