Quote:
Originally Posted by PeteMoss
Is this true? Source?
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You will be waiting a long time for that source. Posts like the one quoted ignore some key facts:
The NHL has a salary cap which fixes their biggest expense at 50% of revenues. Of course Covid has had a profound impact and the owners are essentially lending the players money, but long term that expense is still tied completely to revenue.
In the most recent valuations published by Sportico, the average NHL franchise is with $934 million with 10 franchises worth over $1 billion. The amount of inherent gain each owner is sitting on is staggering. It’s one of the reasons they are fronting player salaries through Covid.
Of course no one can predict the future but people sure seem to like spending money on pro sports. The talk of full blown crisis is good for a chuckle though.