forty_three
Stance: Goofy
I recall some mention recently of CBJ losing significant chunks of change.
Hardly.
They are counting the fact that Nationwide footed the bill for the Arena and stuck their name on it in perpetuity so the team can't sell the rights to name it as a "loss" of money.
They haven't "lost" a penny. They just aren't making as much as they could be.
Nationwide is trying to "sell" the arena to the city, who will in turn rent it to the Jackets and then give the Jackets naming rights so they can have Nationwide pay up to 10 mil per yer to keep their name on it. As it stands now, the Jackets pay Nationwide for everything and the City gets pretty much nothing except tax revenue.
Everyone seems okay with it except the taxpayers who are going to foot the bill for everyone involved to make even more money.