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re: Here is the truth why attendance matters - enough is enough with the arguing!
Posted on 4/15/13 at 8:04 am to 42
Posted on 4/15/13 at 8:04 am to 42
quote:
There is more to profit, like interest and taxes, which are EXCLUDED from the operating income calculation per force. Depending on the accounting, depreciation and amortization may have entered in.
This is beyond my knowledge (HT accounting gurus assemble) but I remember several reports during the lockout of teams claiming losses when there really were none. Tax purposes, I believe. Even the $300million number the NBA threw out was disputed by reputable sources.
That said, I do think Benson is taking a bath this season.
I also do know (I saw the numbers) that $1million per game stadium revenue was a very good number for this franchise around 2008.
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