- Jun 25, 2007
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I agree that franchise valuations won't suffer too much as long as people expect the economy to rebound in the fairly near future. In the meantime, we're going to see a lot of clubs in financial pain and perhaps forced to take on (more) debt.
I believe the NHL has a pretty big loan pool ($2 billion?) that's available to all clubs, so I doubt anyone is going bankrupt. However, some franchises may need to reduce costs in every way possible including player salaries.
It will be very interesting to see how things shape up when the season finally draws to a close. As things stand, the free agent market could be a barren wasteland for the upcoming UFA crop.
I believe the NHL has a pretty big loan pool ($2 billion?) that's available to all clubs, so I doubt anyone is going bankrupt. However, some franchises may need to reduce costs in every way possible including player salaries.
It will be very interesting to see how things shape up when the season finally draws to a close. As things stand, the free agent market could be a barren wasteland for the upcoming UFA crop.