The National Hockey League Commissioner Gary Bettman said Wednesday that the league could be affected by Current Tension between the US and Canada.
Bettman says 25% of the league income comes from Canada’s clubs. Even if he says Canadian teams are well, Bettman added that there are ramifications for the league depending on the state of Canadian Tariffs.
“All players, any country they play, charge US dollars,” Bettman told the CNBC’s Nicky easy In “squawk box.” “So when the effect of tariffs is to see the Canadian dollar dollar in US dollars, it’s harder and more painful.”
Bettman said he had never talked to the Trump administration, but he believed the principal of tension between two countries is a “policy issue,” with Canadians and Americans obtained “caught in the middle. “
“I hope this is a time period and both countries have found a way to work through it,” says Bettman, adding that bamboo and tariffs can also cause the sponsors in the NHL.
The league is currently having seven teams in Canada, including the leaves of Toronto Maple and Vancouver Canucks.
Despite uncertainty, Bettman said the league is expected to break revenues of $ 7 billion mixed money for the present period of 2024-25. The NHL also sees record ratings and strong attendance, he noticed, with teams playing 96.7% of the capacity period to date.
According to CNBC’s 2024 official valuing of the NHL teamThe average franchise amount of the NHL franchise is $ 1.92 billion.
“Our ratings are strong and we have many media partners in Canada and the United States,” Bettman said. “And we’re in a nice place because the game isn’t better.”
