What corporate support. I have heard that most of the luxury suites sit empty and of the ones sold, belong to dentists, lawyers and doctors at greatly discounted prices. Not a lot of corporations in Glendale and greater Phoenix could not care less.
IE: the arena is in the wrong place.
The overwhelming majority of those suggested that a new Winnipeg team should be the Jets...
Which suggests that part of this exercise for Winnipeggers is about getting back what rightly belongs to them. And that re-claiming the name Jets would be a little like re-inserting the missing piece to a city that has had a hole in it since 1996.
Post by The Unknown Poster on Mar 15, 2011 13:36:26 GMT -5
It's all about making it through the first 5 years. He gets $100 million to buy the team (financing the remaining $70 or splitting it amongst other investors) plus $17 million per year.
If he has losses around $25 million -$30 million per year and the NHL makes a commitment of revenue sharing (we don't know this for a fact) and the NHL has promised increased revenue from a new TV deal (we also dont know this for a fact) minus the $17 million he gets from COG, he's looking at $8 million - $12 million per year. Revenue sharing alone would put him in the black.
Whatever losses he might endure, he's only looking to make the first 5 years. Then he renegotiates with COG and by then, they will have invested an additional $200 million and will never, ever allow him to sell the team. So if he's still losing $25 million, his arena management fees will go from $17 million per year to $25 million. Bank on it. Plus, I would not be surprised if he receives another lump sum at that point to cover whatever losses he has carried to that point.
Not one red cent will ever leave MH's pocket.
TheDeuce: HF crowd coming back for the memories???
Jun 16, 2017 9:26:26 GMT -5
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TheDeuce: Does anyone know where the legendary Simpsons thread is?
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kenas10: Go Jets Go! Here we are 7 years later starting the Conference Finals against the Las Vegas Knights! I'm still a season ticket holder, have been since day 1. I was KennyS and was on the forum the whole time!! Blast reading all of this. Go Jets Go!
May 11, 2018 19:46:11 GMT -5