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STARS CONTINUE TO LOSE MONEY AFTER MOVE TO TEXAS
Published November 6, 1995
The Stars may have lost more than $18M during their first two seasons in Dallas, according to documents obtained by the DALLAS MORNING NEWS. Basic accounting summaries for the past two fiscal years ending June 30 show the team has borrowed at least $10M from the NHL and banks to make up for cash flow problems, and the debt load on Owner Norm Green and the team is at least $70M. Green has called the figures inaccurate saying the team's losses were less than $18M. Richard Alm notes the numbers show why the team needs a new revenue-generating arena (DALLAS MORNING NEWS, 11/5).