Quote:
Originally Posted by phil235
Secondly, no one can definitively state that the Senators have never made money. The team's financials are not public. An owner crying poor is pretty weak evidence that the team isn't making money. There are many ways to move profit to associated businesses to minimize tax. Even if you take him at his word, the article you linked says this:
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They also structured the related businesses (like Capital Tickets, when that was still a thing, and the stadium management, etc.) independently from the team, which positions the Senators as a lost leader, while making money e.g., from tickets and rentals for a concert or the circus coming to town.
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