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Post by Jacques Strap on Sept 15, 2023 11:32:30 GMT -4
And how can u guarantee the CPL will be going for 30 years? Like I said, I want a stadium but one that the CFL can play in and will this stadium be big enough for them to pay the bills. The CFL isn't really on stable footing either. If you look at their financials and the country's demographic shifts a certain way, one might see a scenario where the CFL is the league that doesn't exist in 30 years. CFL teams lose about $10m to $20m every year, have massive rosters (which exponentially increase costs), and are royally screwed if TSN ever walks away from the broadcast deal. Hasn't the CFL or the Grey Cup itself existed for over 100 years? I would take my chances with that over the CPL. Just my opinion.
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Post by MikeC on Sept 15, 2023 13:15:36 GMT -4
The CPL is only alive because of the sweetheart deal Canada Soccer made with Canada Soccer Business You know, the deal that is keeping our National teams broke. Under the terms of the deal, CSB pays Canada Soccer a set amount each year (currently around $3 million) and retains whatever revenue it generates from the national teams’ media rights and sponsorships, which helps fund the Canadian Premier League (CPL). CSB is owned and controlled by CPL team owners.www.sportsnet.ca/soccer/article/canadian-soccer-business-defends-deal-with-canada-soccer-amid-possibility-of-bankruptcy/If Canada Soccer manages somehow to get out of that deal, or significantly change it, the CPL will be in trouble.
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Post by jimmy on Sept 15, 2023 15:06:19 GMT -4
I wouldn't put much stock in a 30 year lease from a CPL team unless it came with a rock solid personal guarantee from a very deep pocketed owner.
Likewise, it doesn't shock me that no one really wants to own a CFL team in Atlantic Canada. It screams like a venture destined to lose millions of dollars annually. The league just isn't that popular in this part of the country - it wants to come here more than anyone here really wants it to come.
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Post by Smiley on Sept 15, 2023 15:34:01 GMT -4
I understand that building this stadium probably kills the CFL in Halifax. I don't think even with 18,000 seats that the CFL would expand here. And if the city builds a 40 million dollar stadium downtown, they would never build another 100+ million dollar stadium somewhere else. The thing that sucks is that in a vacuum, that 18,000 number is likely enough to sustain a CFL franchise if we are at or near capacity most games. But we've yet to see a potential ownership group step forward that has a focus on the CFL product itself - they just seem to want the auxiliary real estate benefits from a massive development project. And that's really disappointing. In a vacuum, no 18,000 is not enough for a CFL team. The League average is just shy of 23,000. So if 18,000 is the max in Halifax, their sell outs would still be about 5K below league average. To make that work you would have to price yourself right out of the market. If this Stadium was 18K and extendable to 23K...maybe. But if this happens the CFL dream is dead.
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