http://www.canucks.com/subpage.asp?sectionID=413
Orca Bay Sports & Entertainment, being Orca Bay Hockey Limited Partnership, owner and operator of the Vancouver Canucks, land Orca Bay Arena Limited Partnership, owner and operator of General Motors Place
As filed with the CRTC:
http://www.crtc.gc.ca/ownership/cht175.pdf
http://www.crtc.gc.ca/archive/ENG/Decisions/2001/DB2001-399.htm
John E. McCaw Jr. owns 729132 SportsCo Investments, Inc.& 729133 SportsCo Investments II, Inc. which each own pieces of 729134 Orca Bay Holdings Company and 728302 Orca Bay Hockey Inc.who in turn, each own 729135 Orca Bay Hockey Limited Partnership BUT as above, 729135 Orca Bay Hockey Limited Partnership makes up part of Orca Bay Sports & Entertainment.
All of those limited partnerships/corporations have to file tax returns to show how much money they made. And we have not even looked at the ownership structure of Orca Bay Arena Limited Partnership which also is under the umbrella of Orca Bay S&E.
Since you maintain that the above parties "have said clearly", then you should be able to clearly identify and provide a link to determine which of the above companies they were talking about.
As some have already posted above, similar claims about roughly similar levels of profit have been made about Orca Bay S&E. I suggest that it is all being loosely tossed together when it is being discussed in the media. Just as you have previously claimed the sale of the Canucks while overlooking that GM Place was included in the deal.
As well, you should be able to provide a link that clearly identifies that they followed the URO guidelines approved by Levitt on gathering and reporting revenue and expenses for their hockey team when they made this particular statement to the media and that they included no other non-hockey revenue sources or expenses like music concerts that just got roughly bundled into their talk.
Further, I note that the 25 + 20 mil profit claim have been roughly rounded up to $50 mil but we know that they are in fact $45 mil in Canadian funds = 17.2 + .15.0 = 32.2il USD so we haven’t even been talking apples to apples on currency.
Finally, if they have made $32.2 mil USD on their NHL URO for hockey, how do you explain Forbes $2 mil result over the same period when you and many of the PA apologists have clung to that result. Is the PA apologists rule "We’ll take the highest number we can get our mitts on beyond any reason !" ?