Kukla's Korner Hockey

Kukla's Korner Hockey

Report- How Much Money Was Made At The World Cup Of Hockey?

11/22/2016 at 4:14pm EST

from Ken Campbell of The Hockey News,

So it turns out that regardless of what the final numbers are, the World Cup was not quite the cash cow that was originally predicted. A total profit of less than $40 million is significantly lower than was projected when the event was first conceived, perhaps as much as 50 percent lower. In fact, it doesn't look as though the 2016 World Cup will make much more money that it did when it was last played in 2004. Former NHL chief operating office John Collins said at the launch of the World Cup announcement at the 2015 All-Star Game in Columbus that the World Cup in 2004 made slightly less than $34 million. Does that mean there is room to grow for the World Cup or did both sides overestimate the revenues an event such as this one would produce? That’s probably the question that everyone on both sides are trying to figure out. From the league’s side, that total represents only a little more than $600,000 per team and that's only if the league distributes the money to the teams.

more

Create an Account

In order to leave a comment, please create an account.

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 [email protected]

Most Recent Posts

Most Recent Comments

Comment by calquake in Abel to Yzerman from the entry Mathematically… - 1 minute ago
Comment by Kate in Abel to Yzerman from the entry Mathematically… - 2 minutes ago
Comment by Royal Grand Exalted PooBah in Abel to Yzerman from the entry Mathematically… - 4 minutes ago
Comment by akwingsfan in Abel to Yzerman from the entry Mathematically… - 5 minutes ago
Comment by bezukov in Abel to Yzerman from the entry Mathematically… - 5 minutes ago