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NHL Prepared for Tough Economic Times
by Alanah McGinley on 11/03/08 at 03:55 PM ET
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From David Staples at Canwest via the Vancouver Sun,
Can the National Hockey League’s economic boom survive the recent economic crash?
This question is troubling NHL bosses, financiers, players and observers.
Now, as the league has begun to enjoy the benefits of the Collective Bargaining Agreement (CBA) of 2005, it must make sense of the recent worldwide stock market crash, an economic upheaval that has brought to mind that most famous of stock market crashes, the Wall Street crash of October 1929. That economic calamity triggered the Great Depression and ended the NHL’s first economic boom.
Related: previously on KK, “Will the CBA be Terminated Next Year?”
Note: the URL of this post changed as I accidentally placed it on the Canucks & Beyond page at first. (Sorry about that. Having a blonde moment...)
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Tags: cba, economics,
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The cap won’t fall next year due to the fact that the NHL takes in so much of its revenues from season-ticket and suite sales and sponsorship deals before the season begins. After that? Who knows, but who the hell knows whether the financial markets will blow up, implode, or rebound between now and the summer of 2010?
Posted by George James Malik from South Lyon, MI on 11/03/08 at 07:05 PM ET