Kukla's Korner Hockey

Kukla's Korner Hockey

The Falling Ruble And The KHL

12/20/2014 at 4:17pm EST

from the CP at TSN,

The Russia-based Kontinental Hockey League saw itself as the oil-rich rival to the NHL, offering a tempting, if less prestigious, alternative to playing in North America.

As the league planned to expand as far as Britain, the money on offer even attracted Russian stars like Ilya Kovalchuk and Alexander Radulov, who walked out on lucrative NHL deals to return home.

Then came the crash of the ruble this week.

The financial crisis has threatened the plans of players like former Vancouver Canucks goaltender Curtis Sanford, who came to Russia to save for his retirement.

"It's just really happened all of a sudden," the 35-year-old Sanford told The Associated Press. "These are some things that you don't expect when you sign a contract. Right now, you just have to ride the rolls of how it's going and hopefully it stabilizes and gets better."

continued

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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.

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