NHL PROVIDES CULTURE, BUT NO ECONOMIC BENEFITS
The NHL needs to engage in more revenue-sharing
agreements among its teams, and senior government has to decide if it
wants to subsidize hockey or not if the NHL is to remain in Canada,
says sports economist Dr. Colin Jones. "The economic benefit of
professional sports is very limited but [federal industry minister]
John Manley has said that hockey amounts to Canadian culture, so the
government is building a case for subsidization just as they do with
other cultural organizations," says Jones, who prefers that the NHL
take responsibility for its faltering Canadian teams. "The NFL has a
whole raft of revenue sharing programs among its teams. They share
the gate, they share product revenue. The NHL doesn't do any of
this." [PP]
-- 30 --
Media contacts
Dr. Colin Jones (economics) at (250) 721-8539