Showing posts with label Ontario Teachers' Pension Plan. Show all posts
Showing posts with label Ontario Teachers' Pension Plan. Show all posts

Friday, May 13, 2011

Is a lockout looming in the future for the NHL???

Phoenix Coyotes vs. San Jose SharksImage via WikipediaJust when things are going well and we have witnessed some very good hockey you start hearing and reading about the NHL and a possible lockout. Talk about a looming NHL lock out would be a buzz kill. First off; last night’s hockey game between the Sharks and the Redwing was probably the type of hockey that the NHL envisioned when they were trying to remake In the last couple of days, Damien Cox from the Toronto Star wrote an interesting article about a possible NHL lockout and all I can say is that I hope not. I hope the NHL doesn't kill what momentum and good will that they have built in the last few years since the 2004-2005 lockout.their soiled image after the 2004-2005 lockout.
Damien Cox; Sports Columnist --- You could have argued at one point that the new cap system was a big break for the richest teams, since instead of spending $80 million on players they could spend a lot less. But those teams are now contributing huge amounts to the league’s revenue sharing system and contributing funds to pay for the Phoenix Coyotes.

Maybe that’s why, so far, the Ontario Teachers’ Pension Plan hasn’t been able to get anyone to meet its asking price for its chunk of Maple Leaf Sports and Entertainment. Business may be good, but not $1.5 billion-for-controlling-interest good.

So with Phoenix a punchline and propped up only by the inexplicable antics of local politicians, Columbus hemorrhaging upwards of $25 million a season, Atlanta bathing in red ink, the Islanders about to try and get Nassau County taxpayers to pay $350 million for a new rink on a flimsy I.O.U., Nashville looking for new equity partners and any number of other clubs looking to sell, hockey fans better get ready for what’s coming.

Another lockout. Oh yeah.

Unthinkable? They’d never do that again? Think again. Hockey fans surely swallowed their pride and came back after the 2004-05 season was erased from the record books, quickly forgetting their promises to never support the league that had betrayed them.

Don’t think the NHL didn’t notice.

The league didn’t get its “idiot-proof” CBA; therefore, it must try again.
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