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Franchises

ROD BRYDEN SAYS ECONOMIC CONDITIONS MAY FORCE A TEAM MOVE

          Senators Majority Owner Rod Bryden "suggested this
     could be the Senators' last season in Ottawa," as the team
     "may be forced into the arms of U.S. investors" unless the
     Canadian government helps "reduce the cost of operating" the
     franchise, according to Michael Grange of the Toronto GLOBE
     & MAIL.  Bryden: "If we do not get some relief from the
     burden of public costs ... I have to turn to where there is
     value and that will not be in Canada."  The Senators pay "an
     estimated" C$30M in taxes to all three levels of Canadian
     government, including a 12.5% entertainment tax to the
     province of Ontario on every ticket sold and C$4.5M in local
     real estate taxes.  Bryden said that "it is impossible to
     make money in our market with our level of public costs,"
     and that Canadian legislators have to "afford the sports and
     entertainment industries considerations that are given to
     other economic sectors competing in the broader U.S.
     market."  Bryden: "This is not a small-market problem.  This
     is a public-cost problem" (Toronto GLOBE & MAIL, 2/19).

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