The NHL is getting ready for what they expect to be colossal monetary losses this season.
In a call with reporters on Monday (by means of Scott Burnside of The Athletic), commissioner Gary Bettman revealed that the league tasks to lose $1 billion for the 56-game season that starts on Wednesday.
"The magnitude of the loss starts with a ‘B’," Bettman stated, per Burnside.
Bettman explained that the less expensive option would have been to simply no longer play out the season in any respect. But he emphasised the importance of enjoying the season for the fans and gamers, by the use of Frank Seravalli:
The league will experience a significant drop in revenue due to the lack of attendance for many video games this season. Right now, best the Arizona Coyotes, Dallas Stars and Florida Panthers plan to have a limited number of fans to open the 2020-21 house video games.
At this time, it's broadly assumed that the majority of teams will play out their home video games without any spectators.
Per Burnside, Bettman famous at the name that in-arena revenues account for nearly 50 p.c of hockey revenues. This includes tickets and meals/beverage sales.
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The majority of NBA teams are taking part in with none fans right now. The league has already had to delay a number of video games due to COVID-19 outbreaks. The NHL has flexibility in their 2020-21 regular season time table, so they're in position to regulate games accordingly if teams have COVID-19 outbreaks.
The league realigned its 4 divisions for the shortened 56-game common season. All seven Canadian teams will play in the North Division (the Canada-U.S. border remains to be closed for non-essential shuttle). The league additionally carried out the East and West Divisions while realigning the "Central" Division.
The common season is scheduled to conclude on May 8. The league hopes to end the Stanley Cup Final in July, prior to the Summer Olympics in Tokyo, Japan begin on July 23.
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