Lockout Discussion Thread 3.0
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11-23-2012, 03:56 PM
Join Date: Jan 2005
Originally Posted by
Losing money by what definition? A long time ago a GM told his players the team had lost $2 million this year. When they questioned him on it he told them he had made $4 million the year before and this year he was only going to make $2 million, therefore the team had lost $2 million.
So much of this making and losing money is bogus accounting. If a team's franchise value goes up by $5 million and they make a couple million on other events at the arena and if they pay off $!0 million dollars worth of loans, are they really losing money?
Don't worry though, when we enter the deflationary part of this economic cycle these clowns will really lose a lot of money and they will learn that balloons can deflate a lot faster then they it took for them to be inflated.
Well its a lot easier to use numbers that are available then to try and figure out numbers that aren't...You can think what you want to think, but these are the facts that are given to us.
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