Kukla's Korner Hockey
by Paul on 08/18/07 at 09:15 AM ET
from David Naylor of the Globe and Mail,
So what’s pushing values so high despite the NHL’s apparent downward trend in popularity in the United States and the fact that salary expenditures this coming season are equal those of the final season before the lockout?
The answer seems to be that, while NHL teams remain money-losing ventures in many cities, investors are attracted to businesses where they can at least project what those losses will be.
In other words, “cost certainty” - the buzz term of the 2004-05 lockout - apparently has a lot of value to both to those looking to buy into hockey as well as those cashing out.
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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.
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