Quote:
Originally Posted by Galaxy
Do the Senators make or lose money on a regular basis?
|
Not sure. On the one hand, they sellout most games. On the other hand, their ticket prices are so discounted that they make less money per game than any other Canadian team, and seasons tickets were down over 10% this year.
The Canadian dollar won't hurt them any time soon because they hedged on it going down. But Melnyk estimates that they could lose $10-30M per season in two years if the dollar stays low, and that probably assume attendance stays up. If they have to rebuild, look out.
This team didn't go bankrupt and stop paying its players a few years ago by accident.