Rangers TV Ratings up 187% from last year
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02-14-2013, 09:42 PM
Join Date: Dec 2009
Location: New York, NY
Originally Posted by
For a team like the Rangers, it is good because they do not have to pay rent. Teams that have to pay rent were much more impacted.
It doesn't quite work that way.
Rangers still have the carry cost of the arena. Whereas other teams have to pay rent, if they don't own the building there's no depreciation on their income statement.
Just because you're not paying rent doesn't mean you're not losing money by having your building empty.
Granted, MSG makes up more of the lost income by renting out the arena for other events, whereas less famous arenas can't fill in the gaps.
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