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07-29-2013, 09:05 AM
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Originally Posted by Whileee View Post
Under scenario #2 you are assuming that the revenue sharing from the NHL would not be counted against the losses. I highly doubt that the COG would allow RSE to assume that the NHL's funds would not count as revenue. Therefore, if they lose $50 million over five years I think that they'll be likely staring at a "break even" on resale of closer to $220 million ($95 million on the Fortress loan, $50 million to the NHL, $45 million invested, $30 million back to the COG).
I'll start this off by saying that I'm not an accountant or a lawyer so I may be talking out of my ass here but based on my understanding of the definitions of what is considered revenue under the terms of the lease agreement, any money that is received by the team under the terms of the NHL CBA are NOT considered to be revenue.

Only other thing it really says is that the calculating of losses is to be done according to general accounting principles.

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