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The NHL & The Recession
by Paul on 12/02/08 at 07:38 AM ET
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from Kevin McGran of the Toronto Star,
The NHL will likely find itself on financial thin ice if the recession deepens, according to many leading economists and financiers in the sports community.
With no substantial American television contract, teams in questionable, non-traditional markets and a falling Canadian dollar, the National Hockey League will suffer more than North America’s other major sports leagues in a prolonged economic downturn, according to those experts.
The upside for Canadian fans is that those economic woes could mean another team north of the border as owners look to the game’s hotbeds as an economic salve.
“Hockey is the most vulnerable and that’s primarily because of the lack of a TV contract in the United States,” said Richard Powers, associate dean of Rotman School of Business at the University of Toronto. “I really do think we’re going to see some contraction and/or relocation. And it’s very likely we’re going to see another franchise in Canada.
Filed in: NHL Talk, NHL Business of Hockey | KK Hockey | Permalink
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