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Originally Posted by osmo
I honestly believe that the Jays have exceeded Rogers expectations. I only think get cold feet towards money as they are so heavy in other sports properties. Massive hockey deal that isn't that hot, massive money dumps in MLSE, etc. ACC will need a renovation soon in 5 years as well which will not be cheap.
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They've dumped more money in the Jays than in MLSE (the Leafs have at least been a steady profit engine), they just get more "programming hours" out of the Jays. IIRC, this last year was the first year they haven't lost money on the Jays, mind it's a little murky since they can hide losses by upping payments from Sportsnet for media rights. The value of the team has constantly gone up, but that's largely because it belongs to an American league and all that that entails rather than anything directly attributable to the profitability of the Canadian market (which is not great in terms of the large American league standards). We go all in on hockey, and as you say, that deal isnt that hot... even though it's far less than the deals South of the borders in more popular American leagues.
If that is their M.O. that's fine... But, financially, I can't see how it would exceed expectations. I would hope from a corporate point of view, their standards of profitability would be a little higher than that (especially considering their results in the Canadian telco marketplace)...
In terms of a massive investment into the SkyDome, I think they'd have a hard time convincing shareholders that it's a great idea. It would likely require a large input from one of the Rogers heirs rather than the company directly. Mobile profits can only go so far.