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If the
Whalers lose more than thirty million dollars and they choose to stay, they can
subtract one-half of only thirty million dollars from the 25 million dollars
they owe the state to complete the sale of the Whalers. This amount is 10
million dollars. If the Whalers do not lose thirty million dollars in this four
year period, they must subtract one half of their loses from the 25 million they
owe the state to complete the sale of the Whalers, and they are locked in
Hartford through the year 2013 (Lang, 53-69)...
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If the Whalers do not lose thirty million dollars in this four
year period, they must subtract one half of their loses from the 25 million they
owe the state to complete the sale of the Whalers, and they are locked in
Hartford through the year 2013 (Lang, 53-69). This lease makes it impossible for
the Whalers to make money because even if they sell out the season, they will
still lose seven million dollars a year...
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