NHL expects Canadian dollar’s woes to cost league $200 million but won’t derail another record revenue season - News Summed Up

NHL expects Canadian dollar’s woes to cost league $200 million but won’t derail another record revenue season


The National Hockey League may miss out on as much as $200 million this season because of the slide of the Canadian dollar, according to league commissioner Gary Bettman. For a league that conducts all its business in U.S. dollars, a weak Canadian dollar means less profit. For the first time in 46 years, no Canadian teams made the playoffs. The league will record an estimated $4 billion in revenue for the 2015 fiscal year, up about 8 per cent from last year’s record $3.7 billion. Bettman said that while the NHL’s revenue growth has come across the entire business, the league has seen its biggest boon in its digital platform.


Source: National Post May 25, 2016 15:18 UTC



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