NHL and NHLPA “watching closely” decline of Canadian dollar
- Thread starter MMC
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The Gr8 Dane
L'harceleur
brutal. expanding in Canada should never be discussed again
Takuto Maruki
Ideal and the real
Who realistically is doing that, discounting the nationalist dummies on Twitter, and the people on here who think they're smarter then the NHL when it comes to matters like this?
CharasLazyWrister
Registered User
Inevitably, blame will be thrown around (as is always the case when people cant come to grips with the complexity of the world and simply point their anger in whichever direction their biases lead), but this is the stark reality of operating a league in which owners protect their interests and finances as a single, unconquerable entity across multiple countries with multiple currencies.
Despite countless failed franchises, the US is just always going to the “safer” long-term investment due to the overall market size. Even when teams are doing as well as they can in Canada financially, the exchange rate issue persists.
Despite countless failed franchises, the US is just always going to the “safer” long-term investment due to the overall market size. Even when teams are doing as well as they can in Canada financially, the exchange rate issue persists.
MeHateHe
Registered User
- Dec 24, 2006
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Still lots of folks thinking that a second team for Toronto is in the next round of 4 - like it's Houston/Atlanta/Phoenix/Toronto and that's fait accompli .
Does someone have a quick breakdown of where North American NHL revenues (expressed in Euros, preferably
) come from? If, for example, NHL revenues from Canada are significantly higher than 7/32, then a reflexive argument away from continued Canadian presence is misguided. (I'm not an advocate for any expansion, but rather am arguing that the relative strength of the Canadian dollar shouldn't be a deciding factor.)Given that the Canadian dollar has historically been impacted by the price of oil, and given that the projections for oil prices over the next 20 years seems to be maybe not so good, I'd suggest we're in for more of this in the coming years.
(Dear moderators, can we keep this one open? It's Christmas.)
Golden_Jet
Registered User
- Sep 21, 2005
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Likely won’t stay open, it became political on the first page last time.Still lots of folks thinking that a second team for Toronto is in the next round of 4 - like it's Houston/Atlanta/Phoenix/Toronto and that's fait accompli .
Does someone have a quick breakdown of where North American NHL revenues (expressed in Euros, preferably
Given that the Canadian dollar has historically been impacted by the price of oil, and given that the projections for oil prices over the next 20 years seems to be maybe not so good, I'd suggest we're in for more of this in the coming years.
(Dear moderators, can we keep this one open? It's Christmas.)
Brutal take, like usual
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Golden_Jet
Registered User
- Sep 21, 2005
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Links to all those points, or are they also made up like in the TV numbers thread.
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Operating costs are also partially lower, so it depends. Obviously player salaries are a huge part of the equation but not the only.
Yeah, the dollar fluctuating is a sign that Canada doesn't support its teams
CharasLazyWrister
Registered User
Takuto Maruki
Ideal and the real
Unless Thomson is looking at getting out (and all signs point to no) then frankly, the Jets are staying for the foreseeable future. But people like to forget about that fact and simply look at the surface level issues which, while not exactly good, basically are leveled out by their ownership group having ungodly levels of wealth compared to all but a few within North American sport.
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IIRC, all player salaries are in US Dollars, but the 7 teams in Canada collect their revenue in Canadian Dollars, which have the current 30% discount. Ouch!
Gate receipts are mostly CAD, but shared league revenue is USD which then is worth more in Canada when it comes to CAD expenses. Of course having the player salaries in USD is going to hurt, but in many cases the situation might cause more irritation among US owners who see their own revenues fall with as good as no upside given they pay everything in USD anyway. Not sure if Rogers is still paying the league in CAD, at least in the past they were.
