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12-08-2012, 10:26 PM
  #8
ECWHSWI
bought a MB jersey
 
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Quote:
Originally Posted by deandebean View Post
But their owners are not the ones losing money. The Rags are owned by a huge conglomerate, just like the Leafs. And the conglomerates are owned by people that will still be billionaires, because it is just one asset in their portfolios.

So the money they lose is just an accounting figure for one of their assets. Players have all but one source of revenues. And it's pretty dry right now.
they are not making any profits with their team right now wich is the equivalent of losing money. The conglomerate may make money in other ventures, but when it comes to hockey every game cancelled = lost revenue.

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