Fred wrote:Some reality
b] the team's ownership group had to drop $60 million of its own money into the team over the past five seasons -- a report confirmed to the Tennessean on Apr. 29 by Preds chairman and alternate governor Tom Cigarran. [/b]
Ummm not a helluva lot of "reality" there buddy.
I'd like to have a my team of lawyers go over the books of both the Preds and subsidiary Powers Management
(Powers runs the arena including concerts etc, yeah how the fuck are THEY doing?).
I'd like to know how much of that "$60mil" was debt payment from the original franchise purchase
(and how long til that's paid off).
I like to know how much of that "$60mil" was from last season.
Note attendence is on the way up, ticket prices are set to rise for the 2013-14 season.
(point of the last 2 sentences being there's a good chance the Pred future is bright - note Cogen says they're doing more than just surviving)
I'd like to know if that figure takes into account the $12mil per year the city of Nashville pays the Preds each year
(hey, 5 times $12mil = $60mil amirite?).
I'm not pretending to know a lot about big business, just saying I know better than to trust wotever they dish out.
I'm sure the Preds are struggling somewot right now, but how much is the question, and for how long (all things equal).
It's just too fucking cliche to hear a coupla struggling teams whine during CBA talks.
Oh man, I swore I was going to ignore the talks this time and look at me now!
ENOUGH, 50/50 split with more revenue sharing, wake me when it's over....