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A Profit Ahead

from Helene Elliott of the LA Times,
Higher television revenue, booming attendance and "business fundamentals" related to a new labor deal will boost an estimated 22 of the NHL's 30 clubs to break-even or profitable status this season, Commissioner Gary Bettman said Monday, signs that the league is recovering from the labor dispute that wiped out the 2004-05 season. Final numbers will be compiled after the playoffs, which generate significant amounts of revenue. A league-commissioned financial review issued in February 2004 had said that 19 teams lost a total of $342 million in the 2002-03 season and that 11 teams made money, leaving cumulative losses at $272 million.
more (reg. req.)

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About Kukla's Korner Hockey

Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

Email Paul anytime at pk@kuklaskorner.com