11-03-2007, 05:41 PM
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#5
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Demiurge
Join Date: Aug 2005
Posts: 36,365
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Quote:
Originally Posted by TripletDaddy
If they move to OKC, there is likely a stipulation that they get very preferential rent.....or, in the alternative, the arena is privately owned. Either way, there are likely to be luxury suits, something currently missing in Key Arena.
The luxury suite revenue has been the main issue all along with this team. They operated at Key with an unfavorable lease and no luxury revenue, yet only lost 17MM. Imagine if they had luxury suite revenue rolling in as well as a cheaper lease payment.
Staying in Seattle is fraught with financial risk, not moving to OKC.
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if you have a two year view.
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