Phoenix LXIV: Will You Still Need Me, Will You Still Read Me, on Thread LXIV?
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11-21-2012, 09:05 AM
Join Date: Jan 2012
Location: Quebec City
Originally Posted by
The 2.5M drop in revenues makes sense in the context of assuming no arena events if the team goes. The reduced AMF too. But the GF expenses make no sense -- why would they be 9.6M higher without the team?
Here's why: there's an "expenditure reduction" line item in FY13-FY16, i.e. the effect of service cuts is presented separately. It has much larger amounts if the team stays than if it goes. In other words it's not "Coyotes stay" vs. "Coyotes leave", it's "Coyotes stay + big cuts" vs. "Coyotes leave + smaller cuts".
The only reason the first scenario looks better in the long run is because of those bigger service cuts.
Basically they are using the Coyotes to realize some cuts elsewhere ? Eh...seen this elsewhere.
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