Phoenix LXXII: Send in the Clowns
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02-28-2013, 06:08 PM
Join Date: Jan 2011
what I find strange is that the cost of the team has remained constant at 170 mill for years now. I have a hard time believing that the revenues brought in after year 1 (plus the subsidies) covered losses to the penny. With the fluctuation of revenues (from deep playoff run last year) , interest, legal fees how is it that the purchase price has remained exactly 170 mill? Even this season...the team will undoubtedly lose some money...lets say 10 mill on the safe side.... is the league going to add that to the cost of the team? or just eat the losses?
If its true that Gary Bettman promised the owners he would get their money back then how is it that after 4 years the losses remain exactly 170 mill total? If the speculation is false and Bettman made no such promise than I dont see why the league cant lower the price to at least 140 mill.
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