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01-08-2013, 03:25 PM
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cheswick's Avatar
Join Date: Mar 2010
Location: Peg City
Country: Canada
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Originally Posted by Dado View Post
I don't recall seeing any documentation to verify that. And a fair bit of speculation that the losses have been "overstated".
Actual cash loses for the 2010-2011 season were $36.6 million as per the documentation the NHL submitted in regards to withdrawing the escrow money from the city.

Warning pdf:

I have seen no such document in regards to 2011-2012, and have seen no reports of the money ever being taken out, or the $5 million that the city was initially short being deposited.

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