Wasn't a burn at all. It was facts.
Here it is, for those who missed it:
Why the Carolina Hurricanes won't move anytime soon:
1. Attendance has found its bottom. It's extremely unlikely that attendance will go lower than it's at right now. When the product on the ice improves, so will the revenue (although most of that will go back into the team.)
2. Gale Force Holdings owns both the team (Hurricanes Hockey LP) and the arena management company (Gale Force Sports and Entertainment). At the current attendance, Gale Force Holdings is still comfortably break-even, because they take a gigantic cut of every event that happens at the PNC Arena. Source:
http://www.scribd.com/doc/288745589/Gale-Force-Holdings
3. The PNC Arena hosts 1.5 million guests every year, and that number continues to rise. Source:
https://www.thepncarena.com/arena_info
4. Ticket prices also continue to rise at PNC, and people keep paying. Why? Because the Raleigh-Durham area has among the highest disposable income per capita anywhere in the world. Source:
http://www.citylab.com/housing/2011/12/us-cities-with-most-spend-after-paying-housing/778/
5. Even better, Gale Force Holdings takes a huge chunk of the revenue, while the state of North Carolina pays most of the bills through a public-private arrangement called the Centennial Authority. Source:
http://www.centennialauthority.com/history/
6. The goal of a business is not to make money, because then you have to pay taxes. No, the goal is to come as close to break-even as possible and to appreciate the value of the business itself. Gale Force Holdings carefully ensures that they are near break-even business. In 2015 there was a small profit, offset by a small loss due to depreciation of assets. Source:
http://www.scribd.com/doc/288745589/Gale-Force-Holdings
The above arrangement was *exactly* why Peter Karmanos moved to North Carolina in the first place. The company, Gale Force Holdings, is constructed to be largely immune to the goings-on of the hockey club. It's good for the business when the team wins, of course, but business is business, and Gale Force Holdings is doing very good business indeed, because North Carolina is one of the best places in the world right now to do business.