vanlady
Registered User
- Nov 3, 2004
- 810
- 0
BM67 said:Forbes says the NYR lost $3.3 mil before interest etc. Forbes also lists the NYR as having a debt load of 92% of their value of $272 mil in 2003. So what is the interest on a $250 mil debt?
He gives two good examples of unclaimed hockey revenue, but most of his other claims are terrible. A concert or hotel development are not hockey revenue. If the arena wasn't owned by the teams owner they wouldn't be hockey revenue, so they shouldn't be HR just because you own the team and arena.
This also includes arena debt, and with the renovations they just did to the Gardens no wonder it is so high, but if you want to go by those numbers then, the interest is neglagible because you will also now include revenue from basketball and other sources of revenue that are not counted.
Why wouldn't it include the arena they bought both of them as a package, why should they be seperated now?