The KHL is in great financial shape
It’s not all sunshine and smiles over in Russia, as at least one team is in danger of dropping out of the KHL altogether.
Avtomobilist Yekaterinburg (which I swear isn’t a made-up name), has backed out of the league because the local government won’t give them the money it guaranteed back in November. The club also thinks that, in paying the $8.5 million (that’s 200 million rubles to you commies) in salaries it already has on the books, it will go bankrupt. Even with those salaries, the team would still be $1.5 million below the league’s cap floor.
The club has also yet to pay its KHL entrance fee.
Don’t worry though, Alexander Medvedev has a plan.
In the case of withdrawal, traditional club Khimik Voskresensk, which won the second-tier Vysshaya Liga, is the stand-by club and has provided the KHL with financial guarantees.
And if that fails?
Medvedev also announced that if Khimik cannot participate, a fourth foreign club will join the KHL.
Sounds like this league’s in great shape. Radulov will be back by Thanksgiving.
