Forbes lists the profit (aka operating income) at 1.3 million for the Canucks for the 2003-04 season.
http://www.forbes.com/finance/lists...ssListType=Misc&uniqueId=315423&datatype=Misc
It is Nonis, Burke and Mcammon who pegged the Canucks actual profit at $25 million for that season.
Obviously Forbes was not able to credit all the revenues received by the team as they were unable to confirm them through third party sources - that is my point in this whole exercise. I have said all along that Forbes has been extremely conservative in its forecasts and therefore the losses are likely much less that even Forbes is showing.
Thank you for so graphically illustrating my point that revenues are much higher than claimed in the URO's.