Oct 18, 2012, 2:35 PM EST
Off the ice, however, it’s got a long way to go before it becomes a viable business.
That’s the gist of a Postmedia article on the Russian hockey league, which, according to author Matthew Fisher, “survives off many hundreds of millions of dollars from oligarchs whose dubious fortunes were amassed when they ruthlessly bought up huge state enterprises for a song during the brutal months that followed the collapse of the Soviet Union.”
The article’s worth a read, especially the part about Metallurg Novokuznetsk, a KHL club based in Siberia that apparently has total revenues of just $500,000.
The team is so impoverished that its general manager, Leon Vaysfeld, for years a scout for the Toronto Maple Leafs, admitted he only gets a little more than halfway to the KHL’s cap floor of $8 million a year. So some teams have at least 10 times more money to spend on players as he does. The shortfall of $4 million is picked up by the local steel plant.
Yet Novokuznetsk has still managed to sign former NHLers Randy Robitaille, Brent Sopel, and Chris Simon.
Says Robitaille of the KHL:
“At this point this league is not a viable business at this point. How can it be when a good salary in a local plant in Russia is only $600 or $700 a month? To make it a real business you need to sell at least 15,000 seats and have corporate boxes and they have almost no teams with that.
“Most KHL teams are not businesses. They exist as bragging rights for the owners.”
- Wild coach accuses Sharks of embellishment 0
- Lundqvist hooked after three first-period goals as Rangers’ woes continue 20
- Burke wants the Flames to be — yep, you guessed it — more ‘truculent’ 40
- Flames fire GM Jay Feaster 36
- Video: Projected rise in salary cap could have some players ‘licking their lips’ 19
- Discuss: Blackhawks score big on Rivalry Night on NBCSN 37
- Crosby: If I had to guess Thornton’s suspension, I’d say 10 games 83
- Cowen gets two-game suspension for hit on Girgensons 12
- Rangers must consider Callahan’s injury history in contract talks 13
- The Chip ‘n’ Chase: Outrage over hockey violence, Gary Bettman is a happy man, Darryl Sutter is awesome, and more! 33
- Video: Penguins’ Orpik stretchered off ice; Bruins’ Thornton given match penalty (184)
- Neal suspended five games for kneeing Marchand in the head (156)
- Bruins coach admits Thornton crossed the line, slams Pens for not being ‘truthful’ (138)
- Pens put Orpik on IR (132)
- Orpik suffers from concussion, including memory loss (118)