Very Odd - Sabres making more money this year

[Buffarama]

It is being reported in a limited way, that the Sabres are actually making more money than last year.
Apparantly this is due to legitimate tickets being sold.
This is pretty mind boggling, considering attendance is down around 6000 per game.
So see, your tickets purchases DO count, and are helping.
And, who the heck knows what Rigas was doing.

[clumping platelets]

Link please :)

[don137]

Who the heck was he giving all those tickets to?

[Buffarama]

I heard it on WNSA Clump.

[Typ0]

Many, many tickets were given away to employees. No doubt Adelphia paid the Sabres a discounted rate for them and both companies wrote off the costs and losses.

[SABURZFAN]

that was rigas' way of saying "here's your bonus" to his employees.i wish the old fart to be put away for the rest of his life.

[SABURZFAN]

Originally posted by SABURZFAN
that was rigas' way of saying "here's your bonus" to his employees.i wish the old fart to be put away for the rest of his life.

that was sarcasm.the bonus part.the old fart part isn't.

[Sabre Ally]

Yep, and his sons should be right in there with him.

[Buffarama]

Seems like this team was designed to show a loss in this "small market".
So much for marketing and a plan for the Sabres. The plan was to lose money all along. The Sabres were one of their ways to hide personal expenditures.

[Ebenezer]

does making more money mean that they are only losing less money...are they actually in the black??

[Earthquake Enyart]

3 points:

1. Their payroll is down from last year.
2. The few people who are going to the games actually paid for the tickets.
3. They do have a new deal with Empire that may be more attractive for the Sabre side to aid with the sale.

[Buffarama]

I don't think it means they are turning a profit, I think it means they have a better profit/loss ratio.

[Buffarama]

Originally posted by Typ0
Many, many tickets were given away to employees. No doubt Adelphia paid the Sabres a discounted rate for them and both companies wrote off the costs and losses.

Let me think about this.
I sell tickets to my other company and take in the money, minus a markdown and write it off. Then I write off the purchase of those tickets as business expense from my other company.
Essentially, I have taken in no hard cash. But I have written off the price of 1 ticket plus the markdown. If the tickets were given away free, I've now written off double the face value , 1 from each company.
In the meantime, having taken in no hard cash, I have no profits and show a loss, which is a further tax write off. The more money I show I lose, the less money I have to pay out in salaries because I am a "small market team" losing money, and can't afford high priced players.
The more tickets I give away, the greater my write offs, the greater my overall loss, the lower my payroll, less money out.
Top it off with a full house, and losing money just proves that it's just too small a market.
Now if only I could televise my own games on my own TV network, just think off all the other bennies I can get for myself, and show even greater write offs and loss.

Un-freakin-believable stuff huh?

[SABURZFAN]

i think that if the SABRES show a little consistency,the people will start to show up.

[MissBuffalo]

I agree saburz. The first two games of the season the started like a tornado and now they're back to the Sabres of old.