The Official Arena Thread Part 6
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11-29-2012, 11:57 AM
Join Date: Oct 2011
Originally Posted by
Well, thats true. But aside that "deal" as it exists (or should anyways) ,is arguably idiotic in its how its so tilted in favor of Katz, I dont know what they really did qwrong, or should have done differently.
Of course I know the pro Katz pom pom waivers will say they should have just asked him what he wanted,, said ok, & then started digging, but when you are talking about a half billion dollar inverstment, for a private enterprise, I dont think thats how the world should work. Call me crazy though.
It's not about subsidizing Katz. It's about sustaining the Oilers in Edmonton for the long-term and revitalizing the downtown core.
In a league where 83% of income is generated by 3 franchises (Leafs, Habs, and Rangers) who are always finding ways to drive up player costs, a team in Edmonton can only be sustained with community assistance. Until the NHL institutes serious revenue sharing, new CBAs will just be band-aid solutions that are achieved at great cost (work stoppages).
Over the next 35 years there will be periods where Alberta economy will struggle and the Canadian dollar will fall (relative to the USD), count on it. When that happens the Oilers will bleed money.
Only a fool would sign a non-sweetheart 35 year arena deal in Edmonton.
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