Kukla's Korner

Kukla's Korner Hockey

Weakening Dollar A Sign Of Trouble

from the CP via TSN,

Montreal Canadiens president Pierre Boivin fears that the sagging loonie could send Canadian NHL teams spiralling back into the dark economic days that preceded the lockout.

Boivin says the league’s six Canadian clubs are thriving at the gate and bring in more than a third of the total revenue for the 30-team NHL.

But he identified the tumbling dollar as one of three threats to the continued viability of Canadian clubs.

continued

added 6:01pm, from Frederic Tomesco at Bloomberg,

More declines in the Canadian currency would recreate the situation that existed before the lockout, when most Canadian clubs were unprofitable, Boivin said. The Canadiens paid out $18 million last season to other NHL clubs as part of the revenue- sharing system, he said.

more if you are interested in the business side of the NHL…

Filed in: NHL Teams, NHL Talk, NHL Business of Hockey, | KK Hockey | Permalink
 

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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

 

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