Courtesy of Global News: "The team is paying $166 million. Some of that is in cash, but most of it comes from rent payments to the city. The team will retain all the revenue from the operation of the building. Katz, in turn, has promised to keep the Oilers in Edmonton for at least the next 35 years."
Eugene was to use his portion of the profits to fund the arena. Eugene's alternate plan was that he would pay zero rent to the owner of the new rink but pay upkeep while retaining revenues.
How are either of these options even remotely similar? Virtually any other owner with deep enough pockets, DCDLS included, would have jumped at that opportunity. DCDLS was even willing to rent an arena to Eugene OR buy the team, for some reason I don't believe those very smart people looked at this as a money loosing venture. It was simply a cash flow issue and an awareness that like most things Eugene will mess this up