The NHL actively subsidizes all 3 CHL leagues and their teams with millions of dollars annually, Muskegon and Youngstown will recieve those payments under the CHL umbrella. The vast majority of CHL teams lose hundreds of thousands to millions of dollars annually and are not profitable, this isnt an issue unique to either of those 2 teams.
McDavids Erie Otters lost nearly $1mil the year after he was drafted, and even filed for Chapter 11 bankruptcy in Pennsylvania
during his draft year in 2015:
Owner: Otters lost $831K last season
The former owner of the Erie Otters will get a hefty sum from the sale of the team in U.S. Bankruptcy Court in Erie. \n Sherry Bassin, who sold the Ontario Hockey League franchise on July 17, is expec…
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