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LEAFS NEED STRONG SEASON TO TURN A PROFIT
Published February 1, 1995
Maple Leaf Gardens, Ltd., which owns the Leafs, will need the team to go far into the playoffs in order to "whittle down" a projected $1.9M loss this year. The company lost $3.3M for the 2nd Q ended December 31, compared with a gain of $934,000 last year. MLG Controller Ian Clark estimates the team lost $500,000 in pre-tax income for each canceled game (Daniel Girard, TORONTO STAR, 2/1).