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McGuinty to cut tax break on sports tickets. Edit - McGuinty's proposal canned

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Old
03-01-2012, 01:10 AM
  #26
SensAreReligion
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Don't know what it means, but don't.

If the Sens ever folded. I'd be lost.
me too

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Old
03-01-2012, 01:13 AM
  #27
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McGuinty said the government, mired in a $16 billion deficit, has been warned to get its fiscal house in order and can no longer afford to subsidize corporate entertaintment.
Businesses spending their own money on tickets for promotions and whatnot, how is that any different than a typical business expense?


Last edited by danishh: 03-02-2012 at 06:55 PM.
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Old
03-01-2012, 01:37 AM
  #28
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Hmm Ottawa might fold. Karlsson needs to sign a contract. He looks up to Alfredsson who took a pay cut to keeping the team in Ottawa.... hmm... conspiracy?

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Old
03-01-2012, 02:09 AM
  #29
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You guys are ridiculously pessimistic. I guarantee the team does not fold. The only reason they say they might, is because they want to make as much money as possible, and they want to protect the tax break

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Old
03-01-2012, 02:24 AM
  #30
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Why is everyone assuming corporate support will disappear? Sure you may lose some, but i would imagine most will still be there.

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Old
03-01-2012, 02:28 AM
  #31
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Muhahaha

What a joke.


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Old
03-01-2012, 02:30 AM
  #32
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One quick and simple way around this, don't sell tickets, sell merchandise.

Companies purchase Sens merchandise as give aways to their customers and as employee rewards, and the Sens give free tickets with every purchase.

Seriously though, this has very definite ramifications for the Sens. They currently have the lowest ticket prices in Canada, do not make a profit yearly, so being forced to drop ticket prices does probably spell the end of the team in Ottawa.


Last edited by danishh: 03-02-2012 at 06:56 PM.
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Old
03-01-2012, 02:36 AM
  #33
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Originally Posted by Holdurbreathe View Post
Mr. Drummond’s report said the government spends about $1.3-billion in direct support for business and $2.3-billion more in indirect tax support. Did McGuinty or Duncan indicate how much the $3.6B will be reduced with this latest decision? No, not even an estimate.
They did say the number... see 4-5 posts up. This will cover a whopping 0.1% of the deficit. Take that you corporate fat cats!!!

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Old
03-01-2012, 02:45 AM
  #34
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Lawl...

We won't fold guys, it's fine...

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Old
03-01-2012, 02:56 AM
  #35
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You guys are ridiculously pessimistic. I guarantee the team does not fold. The only reason they say they might, is because they want to make as much money as possible, and they want to protect the tax break
I am sure Melnyk would like to make a little money off the Sens.

The only way the Sens make money if if they spend well below the cap, or go at least two rounds in the playoffs if they spend close to the cap.

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Old
03-01-2012, 03:47 AM
  #36
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Ffs Leeder, throwing this in the media when everything is going so well on the ice. Forget how well they're playing, the media is going to have a field day with this.

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Old
03-01-2012, 03:54 AM
  #37
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I'm actually upset that we (the government is us, even though I didn't vote for McGuinty!) have been giving tax breaks to corporations to enjoy Sens games on our behalf, and can't believe the government only now woke up to that fact. In my line of work it would actually be unethical to write off entertainment expenses.

I certainly don't want the Sens to fold, but if it does as a result of this it would mean that NHL hockey is simply not viable here. That wouldn't be the government's fault.

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Old
03-01-2012, 06:03 AM
  #38
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This will have a bigger impact in Toronto than in Ottawa. We're a government town, not a corporate town.

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03-01-2012, 06:14 AM
  #39
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Originally Posted by MaindotC View Post
Melnyk is a smart businessman and if he has to be ruthless I'm sure he will without any doubt. If he's going to be hurt financially because of the McGuinty changes then I'm sure he won't hesitate to move the team to a more welcoming economy.
Oh rly? And what magical market would that be? Ottawa has had the smallest Canadian corporate base since inception given the government presence in town. Government workers can't write these tickets off as business expenses and there hasn't been a lot of corporate support since the tech crash. Unsurprisingly, Ottawa is still in the NHL.

The article says that the Ontario Government on average spends 15 million due to the break. How much of that do you really think is going into Senators ticket holders pockets? Think about how much MLSE, the OHL, and CFL take of that alone before considering the Sens. Ultimately the 2-3 million won't make much of a difference. A few home playoff dates and price adjustments will offset those minor loses that.

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03-01-2012, 06:37 AM
  #40
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Emotional blackmail by Leeder. same tactic used by Bryden.

However a large portion of revenue its derived from corporate suites

There's so many ways around it like packaging tickets with advertising or merchandising.just bury the write off somewhere else


Last edited by pt_mck: 03-01-2012 at 06:45 AM.
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Old
03-01-2012, 07:16 AM
  #41
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Quote:
Originally Posted by GK View Post
Would the Leafs not have to drastically lower ticket prices as well? Without all that corporate support.. During games the entire lower bowl is full of people in suits.
This is the one good thing that could come from a tax loophole like the being closed. As much as I hate the Leafs, I feel bad for that so much of their fanbase has been squeezed out of the opportunity to see their team live because of the corporate ticket base snatching up the tickets and driving up the price in the process.

Quote:
Originally Posted by SilverSeven View Post
Why is everyone assuming corporate support will disappear? Sure you may lose some, but i would imagine most will still be there.
Agreed. Corporations don't buy these sorts of things just because they can write it off anyway (though I'm sure it doesn't hurt either). Tickets will still be sold, even if they can't be written off.

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Old
03-01-2012, 07:22 AM
  #42
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Quote:
Originally Posted by Holdurbreathe View Post
One quick and simple way around McGuinty's nonsense, don't sell tickets, sell merchandise.

Companies purchase Sens merchandise as give aways to their customers and as employee rewards, and the Sens give free tickets with every purchase.

Seriously though, this has very definite ramifications for the Sens. They currently have the lowest ticket prices in Canada, do not make a profit yearly, so being forced to drop ticket prices does probably spell the end of the team in Ottawa.
Good sir, you just secured my vote in the next election for whatever the hell position you would need to be in to make this happen.

Also, I'm fairly young and corporate ignorant but I know a lot of corporate seats are used to entertain prospective clients (My Uncle, for one, was damn near a season seat holder, plus good, big meals at an onsite or nearby upscale restaurant, etc.) if its gonna cost them much more to do so I'd assume they'd start finding other avenues to entertain their potential clientele...

And for those asking about where Melnyk would find a more welcoming market, there's one down the river so fanatical it filled our building a couple weeks ago...

I doubt Ottawa folds but I also doubt they get by unscathed... Just my $0.02.


Last edited by Alaskimo: 03-01-2012 at 07:31 AM.
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Old
03-01-2012, 07:27 AM
  #43
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^ but they need to sell merchandise and tickets.

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Old
03-01-2012, 07:54 AM
  #44
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Originally Posted by Alaskimo View Post
And for those asking about where Melnyk would find a more welcoming market, there's one down the river so fanatical it filled our building a couple weeks ago...
Hawkesbury?

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Old
03-01-2012, 08:04 AM
  #45
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I would like a tax break to buy tickets. All I have to do is incorporate?

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Old
03-01-2012, 08:29 AM
  #46
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What I don't understand is that McGuinty claims that this type of subsidy costs the province about $15 million a year.
They'll lose more than that if just one team (i.e. the Sens) folds and moves elsewhere. I guarantee that the Sens generate a heck of a lot more than $15 million a year in taxes! They probably generate that much just on the income tax of the players! So if the team moves, all the sales tax from all of those tickets disappears as well as all the sales tax from all of the merchandise, restaurant spin-off, etc.
THis is very narrow minded thinking on behalf of the Govt. Subsidizing the price of tickets for corporate clients actually provides a net increase in taxation by all of the economic acitivity that a pro sports team generates in a community.

This is a classic knee-jerk political announcement meant to pit one set of voters against the other so that the voters are not taking direct aim at the Govt. Classless and pathetic.

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Old
03-01-2012, 08:34 AM
  #47
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Also, isn't the point of a minority government is so that the opposition can band together and defeat stupid laws like this?

If this passes, it's ALL of the Ontario legislature's fault, not just the Liberals. Nothing passes in a minority gov unless it can garner vote support form another party. I can't see how the PC's and NDP's won't vote together and block this.

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Old
03-01-2012, 09:04 AM
  #48
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Good time for Melnyk's people to dust off the idea of a Casino at ScotiaBank Place. Call it the Paladium and profits go to the SensCorp.

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Old
03-01-2012, 09:13 AM
  #49
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Although I really, really, REALLY pray that the Sens wont pack up and move in my lifetime, this could be used as a bit of a catalyst to get the more average Joe Blow fan to buy in to a Season Ticket package. They have gone on the record as saying they're targeting Joe Blow and have come up with some very affordable and flexible packages/payment options.

So get off your wallet!!!!!!!!!!!

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Old
03-01-2012, 09:29 AM
  #50
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The flexpacks are really worth the expense. The prices are quite affordable compared to other cities I believe.

I assume Leeder is also think ing of when the Football team arrives and will be looking for revenue as well.

Casino at Landsdown then, instead of ScotiaBank Place, benefitting both teams (and 67s too)

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