Wednesday, October 29, 2008

Rexall Place is Inadequate



I mean, the team only generated 11.8M in operating income, 7th in the league despite the fact they were not recipient of any playoff revenues.

That is, Earnings before interest, taxes, depreciation and amortization. The Oilers are [were prior to Katz purchase] debt free so that potentially could put them in even a better financial position than comparables.

It is also interesting to note how quickly the Oilers paid off their debt in recent years. I'd imagine from a cash flow perspective (which many accountants argue to be the a better tool to evaluate financial performance), the Oilers are doing even better than a few teams ranked above them.

Yeah, that Literally. Crush Rexall place is really inadequate.

Now excuse me while I sign a Cheque to Mr. Batman Daryl Katz quickly, so he can expand on his 7 8 figure business income.

I wonder if the payment will trigger in being recipient of a charitable donation receipt which I could then use to minimize my personal income taxes?


raventalon40 said...

We should build an arena where the International Airport is. It would fit in nicely with expanding parking at Kingsway Garden Mall and NAIT. It would also make it cheaper to build a train station there in the future

raventalon40 said...

er, City Center Airport, my apologies

momma diesel said...

Rexall Place is a stinking pile of garbage masquerading as a second tier facility. Lets clear cut Beaumont and build some fancy diggs.

Lord Bob said...

I'm all for an arena out by the International Airport. The first hockey rink in Canada to be located out of spite.