In a major development, Gary Bettman and the NHL have called an emergency meeting in connection with the bankruptcy of a major television network

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MarcO
February 15, 2023 (5:37 PM)

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It's a story we've been talking about in recent weeks, that a major story could come along and put some serious obstacles in the way of the NHL.

It's probably the biggest story in hockey right now, as Sportsnet's Elliotte Friedman reports.

One of the biggest television networks, the Bally Sports RSN, is declaring bankruptcy. To give you an idea of the size of the network, it includes no less than 12 NHL television networks.

That's huge, and there's just been some news about it:

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"Diamond Sports Holdings, which runs Bally Sports, has skipped a $140 million debt payment and will file for bankruptcy. This will affect several NHL teams and their TV contracts. It'll have a direct impact on the entire NHL, ultimately, and the cap will take a hit.

This is a HUGE story to watch for NHL fans." - Blain Potvin

By the way, this would affect the media in Los Angeles, Anaheim, Arizona, Dallas, St. Louis, Minnesota, Detroit, Columbus, Nashville, Carolina, Tampa Bay and Florida.

In connection with this case that will have a huge impact on the National League, as reported by journalist Michael Russo, we have just learned that the NHL has just called an emergency meeting on the matter.

It took place in the last few minutes, which shows quite well that this development is very serious.

"I'm told the NHL will hold a Board of Governors call in 15 minutes (emergency meeting on the phone)." - Michael Russo

In a financial climate where the league was looking to raise the salary cap significantly in the coming years, this major issue could thwart future plans.

More details to follow.

Credit: HabsetLNH.com

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