Kukla's Korner Hockey
by Paul on 05/30/12 at 04:49 PM ET
from Maury Brown at Forbes,
All told, just 11 clubs were shown making an operating profit, according to the most recent valuations of the NHL. The “haves” fall into clear categories that make the challenges all the more daunting for the league: the Canadian clubs, and those with long, storied histories in large markets such as the Bruins, Red Wins, and Blackhawks.
In the meantime, the average value of a club in the NHL grew 5 percent to $240 million. But, concerns about the league salary cap which is 57 percent of league revenue, is creating problems across the league in places like Columbus, Tampa Bay, and Phoenix.
All of this sits against the backdrop of labor negotiations. With former MLBPA Exec. Dir. Donald Fehr now leading the union for the NHL’s players, there is deep concern that we are on the cusp of a work stoppage.
Having Fehr lead the players, in and of itself should not be a concern. What should be a concern is the model upon which the NHL is standing.
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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.
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.
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