'"Not only could the plight of the Senators and the Sabres be used as a way to get a salary cap, it should be used," said Marc Ganis, president of SportsCorp Ltd. and a sports finance analyst. "The problems with many teams out there is that there is no connection between salaries and revenues and teams are losing 15 to 20 percent of their asset value in operating losses each year. If you do that for more than a couple years, you have to file for bankruptcy."'
Does labor war start at Chapter 11?
January 13, 2003 Submitted by