I don't think people not showing up will be enough. The Forbes estimate for gate receipts from their 2018 write-up was about $35 million. Even if literally not a single person buys any tickets for all of the home games that year he'll lose about $35 million. That's nothing against the $500+ million in capital gain he's already made on the team. It will take at least 5 years of not a single person paying for a ticket before it starts to make a difference and that's assuming the value of the team remains where it is.
He won't run out of money that way. And again that's assuming that literally not one person buys another ticket for the next 5 years.
I’m not sure why people don’t understand this (I guess lack of business/life experience). Lowering gate revenues just reduce the team cash flow. It’s obvious with the stars firesale that there’s already a cash flow problem. All it does is encouraging/force him to reduce operation costs further more.
My theory (and I think it’s logical and evident) is that he will pay the team debt loans while making the Lebreton project work to ensure he makes the best ROI when he sells. When does that happen? That’s hard to say, it could be tomorrow, next year, 2 years, 3 years, more? We’ll see, if I had to guess maybe 2 years
All this « not going to games » is cute and everything but really doesn’t change much in the end, Melnyk’s plan was already made. It’s a business straightening plan, a preparation for a sale.
Selling the team after Seattle expansion fee, after the lockout, when the team debt is paid, when the team is starting to rise again and a brand new arena downtown project is underway (casino/condo towers etc is just gravy)... it makes a lot of sense from a business standpoint.
In the meanwhile, his operation costs (roster, coaching, management, etc) are so low (relatively speaking) that it’s naive to think gate revenues will affect him much (plus CTC makes money from other venues). He’s already prepared for this. Just on the roster, he will save 25 M$ per year vs precedent budget. Plus, I even think Boucher might be kept 1 or 2 more years if cheap. Dorion already re-upped 3 years.