Quote:
Originally Posted by Le Grande Orange
The decline of the Canadian dollar against the American, especially into the late 1990s and early 2000s, hurt the Expos a lot as well. The club earned revenue in CAD but had to pay player salaries in USD. When the CAD was worth only $0.65 of the US, that was a big hole to be in right off the bat.
The benefit of having done research into the economics of professional sports a few years ago.  |
It should be noted that the Blue Jays were receiving several million dollars in currency equalization payments each season during that time so I'd think that the Expos got it too.
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RichW
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“Conservatism consists of exactly one proposition …There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect.” Frank Wilhoit
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