Kukla's Korner Hockey
Financial Issues Will Be Discussed At BOG Meeting
by Paul on 12/05/08 at 09:14 PM ET
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from Mark Spector of Sportsnet,
Amid a global credit crunch, an undisclosed number of franchises with For Sale signs on the front lawn, and mounting economic pressures, the National Hockey League’s Board of Governors will convene at the Tony Resort Hotel, The Breakers, in West Palm Beach on Monday for two days of meetings….
It is unknown how many NHL teams might be for sale at the moment, but rumblings are that as many as five could be had. Again, as a secondary holding, NHL teams are becoming dispensable by owners whose primary businesses are struggling.
Like the housing market however, more teams for sale drive the price of each individual team down.
Filed in: NHL Talk, NHL Business of Hockey | KK Hockey | Permalink
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