Kukla's Korner Hockey

Kukla's Korner Hockey

Financial Issues Will Hurt NHL Team Owners

12/11/2020 at 9:03am EST

from Michael Traikos of the National Post,

“I think hockey fits the bill for relocation or calls for some of the teams to fold if this prolongs beyond next season,” said Rodney Paul, a sports economist and professor of sport management at Syracuse University.

Added Andy Zimbalist, a sports economics professor at Smith College in Massachusetts: “When you take a league that’s already fragile financially and you add COVID-19, it’s going to have a dragging effect for four or five years and the threat of bankruptcy.

“The league will be able to patch that up with revolving loan funds, but nonetheless it’s a problem. When there’s an owner with incredibly deep pockets, it’s not an issue. But that’s not always the case.”

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 dca in Abel to Yzerman from the entry Paying David Perron - 1 hour ago
Comment by dca in Kukla's Korner Hockey from the entry The NHL Draft Lottery Will Be Held On May 7th - 1 hour ago
Comment by dca in Kukla's Korner Hockey from the entry The NHL Draft Lottery Will Be Held On May 7th - 1 hour ago
Comment by OffSeid in Abel to Yzerman from the entry Do The Wings Need Another Goalie? - 1 hour ago
Comment by OffSeid in Abel to Yzerman from the entry Playoff Hockey Starts Tonight For The Grand Rapids Griffins - 1 hour ago