New Provincial Government policy could effect corporate suites

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03-01-2012, 06:09 PM
R.J

New Provincial Government policy could effect corporate suites

Tom Anselmi on Cybulski & Co. discussing the potential impact of corporations potentially no longer being able to write-off suites and seats etc. http://iphone.tsn.ca/tsnpodcasts/TomAnselmi_030112.mp3

While I have no doubt in my mind that the Leafs will feel little to no effect if this were to pass, but I think it would have a huge impact on the Blue Jays, Raptors, Argos, Ticats, TFC, Rock, Marlies, Bulldogs and especially the Ottawa Senators. The Sens reportedly lost 14 million just last season, if they lose some corporate support because of this, I would think that the Sens could be in big trouble in 5 years or less.
03-01-2012, 07:52 PM
ArgoRavi

Quote:

Originally Posted by SnowRogue

Tom Anselmi on Cybulski & Co. discussing the potential impact of corporations potentially no longer being able to write-off suites and seats etc. http://iphone.tsn.ca/tsnpodcasts/TomAnselmi_030112.mp3

While I have no doubt in my mind that the Leafs will feel little to no effect if this were to pass, but I think it would have a huge impact on the Blue Jays, Raptors, Argos, Ticats, TFC, Rock, Marlies, Bulldogs and especially the Ottawa Senators. The Sens reportedly lost 14 million just last season, if they lose some corporate support because of this, I would think that the Sens could be in big trouble in 5 years or less.

As a taxpayer, I don't believe that corporations should be able to write that stuff off. As a CFL fan however, yes, that could have a potential negative impact.
03-02-2012, 10:14 AM
argonaut11xx

Business expenses are legimate, and it should not matter if you entertain these folks at "a game", a strip joint, or at dinner.

This is devastating, for both business, and most sports teams.

The ONLY upside is that the Maple Leafs might get some real fans in the seats and make some noise
03-02-2012, 11:25 AM
Mulder

Quote:

Originally Posted by argonaut11xx

Business expenses are legimate, and it should not matter if you entertain these folks at "a game", a strip joint, or at dinner.

This is devastating, for both business, and most sports teams.

The ONLY upside is that the Maple Leafs might get some real fans in the seats and make some noise

I agree with your last statement the most.

Quote:

Originally Posted by SnowRogue

Tom Anselmi on Cybulski & Co. discussing the potential impact of corporations potentially no longer being able to write-off suites and seats etc. http://iphone.tsn.ca/tsnpodcasts/TomAnselmi_030112.mp3

While I have no doubt in my mind that the Leafs will feel little to no effect if this were to pass, but I think it would have a huge impact on the Blue Jays, Raptors, Argos, Ticats, TFC, Rock, Marlies, Bulldogs and especially the Ottawa Senators. The Sens reportedly lost 14 million just last season, if they lose some corporate support because of this, I would think that the Sens could be in big trouble in 5 years or less.

If Canadian teams are losing money, Why is the salary cap going up? and Keep going up?