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WingsallTheway

KHL Struggling Financially

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http://www.cbc.ca/sports/hockey/khl-threatened-by-russian-ruble-s-collapse-1.2877879

Looks like a number of teams will be folding next season.

Theres a report in the article that a player hasn't even been paid since October.

Looks like the crazy contracts handed out to players are coming back as a negative for the league..

Good news for the NHL?

Edited by WingsallTheway

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Guest DeGraa55   
Guest DeGraa55

The link I saw on nhltraderumors said many players haven't been played and right now guessing three teams could fold. I think they said 2/3rds of the league is struggling?

That should be good

News for us! Bring a the dat line from the Olympics with kovalchuk and I can't remember the other guy!

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http://www.cbc.ca/sports/hockey/khl-threatened-by-russian-ruble-s-collapse-1.2877879

Looks like a number of teams will be folding next season.

Theres a report in the article that a player hasn't even been paid since October.

Looks like the crazy contracts handed out to players are coming back as a negative for the league..

Good news for the NHL?

Pretty sure the collapsing Russian economy resulting from Putin's disasterous foreign policy blunders has more to do with it than their penchant to overpay. Particularly considering the league was subsidized by the government (currently dealing with sanctions and declining foreign investment).

Or it was bad contracts. Either way.

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As long as Kovalchuck and Radulov get paid this doesn't do much for the NHL. Just a bunch crappy Russian hockey players out of a job. Though it might prevent them form being able to steal more stars back to Russia in the future.

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Pretty sure the collapsing Russian economy resulting from Putin's disasterous foreign policy blunders has more to do with it than their penchant to overpay. Particularly considering the league was subsidized by the government (currently dealing with sanctions and declining foreign investment).

Or it was bad contracts. Either way.

yeah your right, but both factors obviously come into play when teams are handing out contracts they can't afford.

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yeah your right, but both factors obviously come into play when teams are handing out contracts they can't afford.

That's the point, they could afford them (because the government was giving them money). Once the government could no longer subsidize the league, teams had to rely on their profit margins, and they couldn't. But it would be noted that the teams who signed NHL talent to big contracts are NOT the ones that are folding. CSKA Moscow (Radulov) and SKA St. Petersburg (Kovalchuk) are pretty healthy franchises. It's the small market, periphery, teams that can't pay the bills. And no matter what contracts they've got on the books, those teams were going to sink because they don't make enough money to cover costs.

Edited by kipwinger

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With inflation running high as hell there won't be much profit from other sources like Ad-Revenue tickets or merchandise either. Who buys tickets to a hockeygame when you are struggling paying for basic things like rent and food ?

Edited by derblaueClaus

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That's the point, they could afford them (because the government was giving them money). Once the government could no longer subsidize the league, teams had to rely on their profit margins, and they couldn't. But it would be noted that the teams who signed NHL talent to big contracts are NOT the ones that are folding. CSKA Moscow (Radulov) and SKA St. Petersburg (Kovalchuk) are pretty healthy franchises. It's the small market, periphery, teams that can't pay the bills. And no matter what contracts they've got on the books, those teams were going to sink because they don't make enough money to cover costs.

Of the 4 teams in financial trouble mentioned in the article, 3 are NOT based in Russia. The Russian government certainly does not give them any money. Player contracts in the KHL are set in rubles or other national currencies (lats for Riga, tenge for Barys, etc.), so the teams do not have to pay more to the players, as the ruble depreciates.

So far, no team lost a sponsor due to recent crisis. So the rumors of KHL's demise are grossly exaggerated. That is not to say that a prolonged economic crisis in Russia would not adversely affect all areas of life, sports included. Just don't expect that the Russian top hockey league will fold. It has survived far worse crises in 1990s and in 2008-9.

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Player contracts in the KHL are set in rubles or other national currencies (lats for Riga, tenge for Barys, etc.),

... Just don't expect that the Russian top hockey league will fold. It has survived far worse crises in 1990s and in 2008-9.

No doubt, KHL isn't going anywhere; However, I wouldn't be so sure about high-caliber players though ....

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No doubt, KHL isn't going anywhere; However, I wouldn't be so sure about high-caliber players though ....

Some foreign players may leave, but there aren't many foreign superstars in KHL. And they will have to play out the remaining time on their contracts, as NHL and KHL agreed to respect each others contracts. I would bet that Kovalchuks and Radulovs will still get paid.

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Well this is very nice for the other national leagues in Europe because the Khl now has to stop raiding them or buying arenas in order to force teams into hostile Khl takeovers.

Sadly too late for Jokerit so enjoy your filthy money Harkimo you son of a *****

Edited by frankgrimes

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Pretty sure the collapsing Russian economy resulting from Putin's disasterous foreign policy blunders has more to do with it than their penchant to overpay. Particularly considering the league was subsidized by the government (currently dealing with sanctions and declining foreign investment).

Or it was bad contracts. Either way.

Look at you trying to get the Political thread up and running again. =)

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This has no impact at all on the NHL.  The KHL is not seen as much of an alternate to the NHL or competitor.  Some may have thought that years ago as a potential, but it's just not going to happen.  No one, not even Russians think it is a league that could compete for talent with the NHL

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2 hours ago, kickazz said:

Vladamir Putin probably does. 

Perhaps my direct use of "no one" went too far.  I was merely using a discussion with a Russian guy (who is basically the guy in the media with a reputation as being the go to guy for knowledge on Russian hockey and Russian players)

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2 hours ago, toby91_ca said:

This has no impact at all on the NHL.  The KHL is not seen as much of an alternate to the NHL or competitor.  Some may have thought that years ago as a potential, but it's just not going to happen.  No one, not even Russians think it is a league that could compete for talent with the NHL

Wrong, CNN says the KHL hacked the stanley cup finals

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