After his appointment as the first Commissioner of the new Canadian Premier League, David Clanachan sat down with Postmedia’s Kurtis W. Larson. I thought this was important enough to contact the Canadian Premier League to make sure we were all talking the same finance language. So to be clear, it should not be assumed that owners of teams in the Canadian Premier League will be investing $50M of their own money in the first 10 years of operation. $500M over a period of ten years/ten teams equates to $5M of “economic activity” per team per year. Thank you to the Canadian Premier League for responding so promptly to the inquiry.

Source: Forbes January 14, 2018 23:37 UTC