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12-10-2012, 08:43 AM
  #24
AM
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Quote:
Originally Posted by Lowe in Oil View Post
I find that extremely hard to believe.

Actually I do not believe it at all.

It's impossible.

I read an article earlier this week that examined the area the Panthers play in and the profit that arena makes. They looked at each year for the past 10 years. During the last lockout, that arena's profits took a dive. How could profits go down if the Panthers don't make any, seeing as they're one of the have-not teams?
Also, how to rich billionaires keep buying NHL teams if they continually lose money? These businessmen are billionaires for a reason. They aren't stupid. They won't buy a team that is not profitable.

Losing money, and actually losing money are two very different things.

The Oilers are currently losing money (because if they were in a new arena, they could be making more) but they aren't actually losing money. No one in their right mind would buy something for $200 million if it didn't make any money.
Why wouldnt you buy the Oilers if you could then use it as a pry bar to get your infrastructural project funded by the tax payer?

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