Pepper said:
Oilers have lost lots of money in the last 5 years and I very much doubt that Sens made 20 millions in profits in 2003, Bryden would have never sold the team if he had gotten that much money.
Can you show any evidence that the Oilers have lost lots of money in the last five years? Newspaper reports in Edmonton this past weekend said the team made $ 8.7 million in profits in the past six years, and the valuation of the team has gone from $ 68 million in 1998 to $ 104 million in 2004, with a lower and lower debt load every year....where is there"lots of money" being lost?
Rod Bryden never had the wherewithall to be an NHL owner in the first place. He gained control of the Senators and Corel Center with the help of the Ogden Corporation (Covanta) on the junkiest of junk bonds basis. You can't "own" anything unless you put capital into it, and Rod Bryden never could find enough of other people's money to capitalize the Senators and Corel Center properly. He recently had to ask that $ 58 million of his personal debts be forfeited.