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05-07-2013, 12:34 PM
  #350
Whileee
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Join Date: May 2010
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Quote:
Originally Posted by CasualFan View Post
Say, you know what might be fun? How about if we go back to the Pollack/Hocking report and compared their projections against the statement of FY12/13 Actual

Pollack report on OPERATING COSTS FOR CITY OF GLENDALE WITH NO TEAM PRESENT forecast for 2013:
AMF: $12,000,000
Revenues on Non-Hockey Events: $1,089,880

Actual figures from SUMMARY FINANCIAL STATEMENT 2013 (6 months*)
AMF: $4,012,504
Revenues on Non-Hockey Events: $2,447,575

How could the Pollack projections be so far off in both areas? It's almost like they intentionally misrepresented the data...


* Not including January Actual

That AMF RFP is looking like a sweeter deal all the time. They just need to ensure that the COG doesn't bother them with any extraneous hassles like performance clauses.

With absolutely no effort (i.e. NHL-style arena management), the arena's balance sheet has them losing about $4 million per year. Sew up a $6 million AMF, and pocket $2 million per annum without breaking a sweat. No wonder the IEH boys (i.e. Lakehead Yale) were so keen on sneaking in with a "Plan B" for managing the Jobing.com without the Coyotes. They've looked under the hood of the Jobing.com finances and they know that there's money to be made without an NHL franchise.

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