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Joined: Apr 2002
Posts: 1,509
hat-trick
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hat-trick
Joined: Apr 2002
Posts: 1,509 |
Quote:
Profit is not lost from canceling matches. BTW, one cannot say that they lost money on unrealized losses...hence the term UNREALIZED
The fact remains that more revenue would have been realized if the games had not been canceled. It did cost the club money because it did not realize revenues that would have been realized if the games had not been canceled plus the incurred expenses that can't be recovered.
You are correct that I should not have referred to future unrealized revenue due to teams not returning as "lost". It is simply unrealized.
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