Wondercarrot made this post in another thread. The historical nymbers are in the link provided. (You chose to ignore it)
Ottawa Senators on the Forbes The Business of Hockey List
To your 1st point, it did NOT take the team making it to the 3rd round to post a respectable profit, and yes we do have accurate numbers:
As per Forbes (i see EM fans use Forbes frequently so here it is) operating profit:
2017 $10 million
2016 $6.3
2015 $18.5
2014 $22.5
2013 $6.8
2012 $14.5
2011 $3.2
2010 -$3.8
2009 -$3.8
2008 $4.7
so in the 10 years or so Melnyk has owned the team they have posted $78.9 million in operating profit.
now your next question, "how much taxes are paid on that profit", somewhere around 26% (of course none of this includes any moving of money, tax loopholes etc that likely apply) so take 20% off that number (which im pretty sure is quite generous on my part) so before debt servicing profit after taxes was approx $60+ million
this brings us to the debt and debt servicing on the team you were so curious about, thats an interesting one isnt it?
The team & the quite new building together cost him what $125 million? what is the current debt on the team? you tell me.....is it more or is it less now?
are the season ticket holders also responsible for how poorly he has managed the debt on this team? why does he still owe what he owes, why does there seem to have been negative progress on debt reduction? why is it that we hear he has to pay nearly predatory rates for his financing?
Fortunately for the perpetually broke Melnyk he can count the almost $300 million in appreciation he has booked on paper for the value of the team right?
but yes, we should totally just accept the narrative that you are so eager to "admit to"
Wondercarrot,
Mar 5, 2018