And the NHL has quite warmed up to the idea of returning to Quebec, where the sport is popular and a $400 million arena is in the offing. The province is contributing $200 million and the city $187 million, with the rest coming from the promotion group J’ai Ma Place.
Naming rights have been sold to Vidéotron, with the media group paying $63.5 million over 25 years if an NHL team comes, $33 million if one doesn’t. Vidéotron will also pay the city $3.5 million annually to manage the building.
Post by swervinmervin123 on Apr 8, 2011 0:46:40 GMT -5
It's possible that there are semantic differences between the deal in QC and the deal in Glendale. What does the word 'manage' mean in each case?
BUT, no matter how you define "management" or "management fee", there is no way that the services of MH or his company are worth $17.5 million a year for managing the Jobing.com arena. There aren't that many hard costs other than management salaries for managing an arena. $17.5 would pay for 85 employees at $100,000/year, and still leave another $8.5 million for profit and overheads on the management contract fees!!!
The $3.5 million figure makes some sense, economically, for managing an arena.
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