Lockout Discussion Thread 3.0
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11-23-2012, 04:05 PM
Join Date: Jun 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.
Yeah, franchise value goes up $5 million, salaries go up $12 million, thats gonna help pay the bills. Are they really losing money? Lets see, no income, city will waive the taxes, if the building is leased, they'll waive the lease amount until you have income, if you own the building and there are some events, you'll get some rent, but then you have to pay utilities, management (hockey & other), hockey operations expenses, scouting, coaches, trainers, so fer sure their not losing anything.
So what if the franchise value goes up? Who can you sell it to? Don't forget to tell them that they should buy it for the enjoyment and don't expect to make any money, because its not their right as an owner.
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