Can Ottawa afford to subsidize the Ottawa Senators?
The long-term future of the Senators, your agent always thought, is not as sound as many locals think.
Multi-millionaires don’t become multi-millionaires losing $10 million a year. And I don’t doubt at all (having covered the former owner Rod Bryden difficulties with the Senators) that they are losing that kind of money … or more with the very soft Canadian dollar today. Revenue is earned with low Canadian dollars but player expenses are in high U.S. dollars. That’s the formula that got Bryden in such trouble … a huge currency obstacle.