1.29.2008

Loonie Economics in the N.H.L.


A decade ago, the N.H.L.’s Canadian franchises were the league’s economic weak links, with two teams leaving for the United States and at least half the remaining six close to insolvency.
Now the skate is on the other foot. The Canadian clubs are worth more on average than the league’s American clubs, according to estimates by Forbes magazine. And two Canadian teams are being sought for purchase by billionaires — not to move them to the American Sun Belt, but because they are so lucrative where they are in Canada.

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"Of course, as all Canadians know, the top three sports in Canada are hockey, hockey, and of course, hockey."

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