Referendum starts process (against) Glendale arena deal with Jamison
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12-01-2012, 11:31 PM
Join Date: Jan 2011
Originally Posted by
Reportedly they lost $24.4M in 2011/2012 (according to National Post) with a very good team. How much can revenue sharing/Lease agreement change? If it's less than $25M it won't change anything unless they can somehow rally some fans to fill the seats.
the lease will give them 15 mill per season...cuts losses to 10 mill. The new cba will include a lower cap and increased revenue sharing... they are looking at possibly 10 mill in savings so that would make them a break even team. Combine this with proper ownership and marketing, and an improving economy there is the potential for the coyotes to be long term break even/small profit team. Its just sad that the team would require so much welfare from taxpayers and fans from places like vancouver who have to pay $100+ for their tickets in order to survive.
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