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Report: NHL owners to discuss finances on conference call

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ByReuters
21/03/2020 at 17:31 | Updated 21/03/2020 at 17:34

NHL owners, facing mounting losses, will discuss league financial issues on a conference call on Monday.

That's according to Darren Dreger of TSN in Canada, who tweeted the "primary
agenda items" for the call will be "financial projections and possibilities,
including as per CBA and possibilities with the PA (players association)."

He added: "Everyone is deep in the process of contingency financial planning."

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On TSN's "Insider Trading" on Thursday, Dreger said this:

"The NHL head office is very busy. The Players' Association equally busy.
Players flooding with calls wondering about the financial future of the
National Hockey League. How bleak might it look? Especially if the season is
wiped out. As we've reported, those two sides will come together in some
capacity, be it a salary cap or escrow. But there is a growing concern that
losses could mount upwards of $1 billion, certainly around $500 million. But
at this point it's an educated guess."

The NHL suspended the season on March 12 amid the growing pandemic.

As of Saturday, nearly 290,000 people globally have contracted the virus, with
nearly 90,000 people recovered and almost 12,000 deaths attributed to it,
according to Johns Hopkins University.

--Field Level Media

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