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By jimd (anonymous) | Posted October 04, 2010 at 16:00:30
RE: "When you generate $15 million in gross revenues, and you lose $7 million doing so, you have to wonder about that business model, don't you?
Actually, Young claimed that he would lose $7M on $10M in revenues (and $17M in expenses). What's puzzling is the Winnipeg Blue Bombers, who also have an old stadium with 30,000 seats, limited parking revenues, and a location nowhere near a highway are able to generate $15M per year in revenues (and pretty much just break even annually).
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