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11-28-2012, 11:42 AM
  #844
Barney Gumble
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Quote:
Originally Posted by Proto View Post
This is a completely overlooked aspect of hockey "losses", by the way. Look at this quote from a Jonah Keri article about the notoriously cash-strapped Frank McCourt when he owned the Dodgers:



Source: http://www.grantland.com/blog/the-tr...print?id=42760

A team might lose 5 million a year and see the value of their franchise increase by 7. The NHL is completely disingenuous when it comes to the way they spin economics.
It's not isolated to sports teams. I read something about one of the Harry Potter movies grossing over a billion dollars but Warner Brothers declaring a "loss" on the books for that particular film at around $100 million. Course, most movie studios would tell you that virtually no movies make money. Jack Nicholson was smart in asking for a "cut" of the *gross receipts* for Batman.


Last edited by Barney Gumble: 11-28-2012 at 11:48 AM.
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