coladin
Registered User
- Sep 18, 2009
- 11,781
- 4,476
Derp.
If Melnyk can't "tap into" the 27M because he's loaded the franchise with debt, then that is HIS PROBLEM. The fans aren't responsible for this issue.
The team is a mid sized market with strong revenue streams.
And here's a question for you to ponder business genius.
If the NHL is such a poor business model and we should all feel sorry for poor Melnyk over some unsold playoff tickets, why are 2 Billionaires investing over a Billion dollars to buy into this league?
Calgary has much better attendance and higher prices and they are receiving equalization payments. Bettman said they used to pay out, now they receive . There are a lot of factors that go into that equation. Building is a part of it. No one goes there for concerts. they all go to Edmonton. They lost 27 major acts last year just because of their building.
Expenses are high as they are paid in USD as well. It is still a gate driven league.
Revenue streams are not strong, team has 120K plus unsold seats and all the revenue that goes along with that. If Melnyk didn't secure that TV deal, team would be in big trouble. No matter how you slice it, he is down $10M in revenue with the empty seats, and the only way he made $10M was 9 extra home games with no salaries to cover. Just pure cash coming in. they probably lose $10M this year. Easy.