Gary Bettman says NHL projected to set revenue record this season
Global News
Commissioner Gary Bettman said the NHL is projecting record revenue this season.
NHL Commissioner Gary Bettman said the league is projecting record revenue this season, an increase he credits to more scoring leading to higher television ratings and more interest in the game.
Bettman at his annual state of the league address Wednesday before Game 1 of the Stanley Cup Final estimated revenue will surpass $5.2 billion. He said he received information earlier in the afternoon indicating that was a conservative estimate.
READ MORE: Avs’ Bednar longs to swap spots with Lightning’s Cooper with Stanley Cup final set to begin
The league generated $4.6 billion USD in the last normal full season in 2018-19, before the pandemic wreaked havoc on sports and more specifically the NHL given its larger reliance on ticket revenue and other arena money that was not possible with no fans in the building or limited capacities.
READ MORE: Calgary Flames file lawsuit against insurers for $125M in losses due to COVID-19
The financial increase also stems from new U.S. media rights deals with ESPN and Turner Sports that went into effect this season.
An average of 6.28 goals were scored each game during the regular season, the highest scoring rate since 1992-93.
READ MORE: Kane enjoying high-scoring playoff ride with Edmonton Oilers
Dock workers in both British Columbia and Montreal have now been locked out as negotiations stall between unions and employers. Here's what that means for Canadian consumers.
Chrystia Freeland pointed to Canada's experience with incoming U.S. president Donald Trump, as well as alignment on Chinese tariffs, as helping Ottawa navigate trade negotiations.
Canadian TikTok creators fear that the federal government's decision to shut down the app's Canadian operations will erode their support system and limit earning potential.
Canada's labour market added roughly 15,000 jobs in October, enough to keep the unemployment rate steady at 6.5 per cent in the month.
A weaker Canadian dollar tied to Donald Trump's victory could be inflationary north of the border, which could make our central bank more hesitant to cut rates too quickly.
The employee was indicted for allegedly distributing personal information of TD Bank customers, the latest criminal probe to hit the U.S. arm of the Canadian financial institution.
Stock markets were rising broadly higher on news of Donald Trump's U.S. election victory on Wednesday. Here's how investors say you should adjust your portfolio.
The Bank of Canada's Carolyn Rogers says improving housing affordability ultimately requires reaching a balance between supply and demand, which she says will take time.
Donald Trump was previously a crypto skeptic but changed his mind and took a favorable view of cryptocurrencies ahead of the election.
Canadians continue to make payments on their mortgages, but there are signs of stress bubbling up on other credit products, which CMHC warns could continue to spread to home loans.
Canadians continue to make payments on their mortgages, but there are signs of stress bubbling up on other credit products, which CMHC warns could continue to spread to home loans.