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01-04-2013, 02:36 PM
  #112
cheswick
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Quote:
Originally Posted by santiclaws View Post
This is a fallacy that keeps being perpetuated - they are not getting anything close to a full financial audit from the league. The NHLPA is NOT getting P/L statements from the league. They are getting financial documents necessary to calculate HRR only. They are not getting documents relating to expenses. Needless to say, if you are only getting financials relating to revenue but not expenses, it is impossible to determine profit or loss.
Considering HRR has many expenses encomposed in it, they would be getting some expense information. HRR is not a gross revenue number.

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