I don't believe that for a second, considering they just threw a multi-million dollar Hail Mary to try to retain however many season ticket holders, and then allegedly brought in a new CEO for Spectacor to look into their other business ventures and try to navigate the future of the Sixers' arena situation. They're losing STHs, likely not moving much merch, they haven't gotten consistent playoff game revenuenin a decade...on the macro level, the RSN situation is in a death spiral and the league squeezed everyone post-COVID. Little doubt in my mind, too, that the same decades-old tradition of overpaying mediocre on-ice talent extends off the ice, too: Probably some unnecessarily fat salaries in that bureaucratic bloat.
It's tea-leaf reading, but I'd guess this organization isn't nearly as financially comfortable as it should be, and they can't ignore the cliff the entire franchise will go off if the Sixers build their own house. We're talking about hundreds of millions worth of franchise value erased once there's a newer, nicer event venue and no more NBA rent checks. That would be uncomfortable no matter what, but if the hockey operation doesn't return to respectability and profitability, it actually could be a real nightmare for ownership.
