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