NHL lockout spurs pressure from corporate sponsors
CBC News
Posted: Nov 15, 2012 5:39 PM ET
Last Updated: Nov 15, 2012 5:00 PM ET
The NHL might be feeling the pressure from fans eager to see an end to the players lockout, but experts say the pressure behind the scenes they're already getting from corporate sponsors is more likely to break the logjam.
Brian Cooper, president of S&E Sponsorship Group, told the CBC's Lang & O'Leary Exchange recently that the NHL's corporate sponsors are feeling the lack of games on their bottom lines, and letting the league know about it.
When it revealed its quarterly results recently, brewer Molson-Coors blamed disappointing beer sales in part on the lockout, and threatened to seek "financial compensation" from the league.
Financial impact
Cooper says his firm's clients — which include major names like Scotiabank, Sport Chek and Canadian Tire — are feeling the pinch. "They all have products," he said.
"When there's hockey, and excitement about hockey, more equipment is going out the doors," at Canadian Tire, he said.
"And when there's no hockey, obviously nobody's looking to get a NHL-branded loyalty card," from Scotiabank, he added.
Because of the nature of their contracts, Cooper doubts any corporate sponsors would be able to successfully sue the NHL for compensation. But the damage to the league financially could be immeasurable.
"Any brand with this much negative light shone on it gets hurt," he said. "People are looking for alternatives to spend their dollars."
Fans may be the innocent victims in a dispute between millionaire players and billionaire owners, but ultimately, the thing that's likely to end everything is dollars and cents.
"The tipping point is coming," he said.
Click the player above to watch the complete interview, or click here to watch it in a new window.
Share Tools
Top News Headlines
- 2nd suspect in Tim Bosma murder case to plead not guilty
- The lawyer for Mark Smich says the Oakville, Ont., resident will plead not guilty to first-degree murder in the death of Tim Bosma, the Hamilton man who disappeared earlier this month after taking two men on a test drive of his truck. Smich was charged today, after Dellen Millard of Toronto was also charged with first-degree murder. more »
- 2 more arrests linked to hacking death of British soldier
- WARNING: This story contains graphic content. Two more people have been arrested by officers investigating the hacking death of a U.K. soldier in London, say British police. more »
- Neil Macdonald: Harper no Obama when it comes to dealing with scandals
- Beset by three so-called scandals at the moment, Barack Obama has been meeting his accusers and the press head on, Neil Macdonald writes. The same cannot be said for how Stephen Harper operates. more »
- Toronto Mayor Rob Ford fires chief of staff
- Toronto Mayor Rob Ford has parted ways with his chief of staff, the latest development in a tumultuous week at city hall where the pressure is growing for the mayor to comment on crack cocaine allegations raised by two media outlets. more »
Must Watch
Latest Business Headlines
- Mobilicity debtholders approve sale to Telus
- The creditors owed money by the financially struggling wireless company Mobilicity approved a deal Thursday that would see the mobile upstart sold to Telus for $380 million, but the sale must still be approved by regulators and the court overseeing Mobilcity's restructuring. more »
- Kindle Fire HD to be available in Canada in June
- Canadians will finally be able to purchase Amazon's Kindle Fire HD tablet starting June 13, two years after the first generation of the device became available in the U.S., the company announced Thursday. more »
- Vermont enacts 1st U.S. law against patent trolling
- Vermont Gov. Peter Shumlin signed into law Wednesday a novel measure aimed at protecting companies from so-called patent trolling, the practice of making deceptive claims of patent infringement in the hopes of collecting licensing or settlement money. more »
- TSX, Dow recover after Nikkei loses 7%
- Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago. more »
- EI claims trend lower for 5th straight month
- The number of people receiving regular Employment Insurance claims declined for the fifth consecutive month in March, dropping one per cent to 523,700. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12677.86 | -74.64 |
| DOW | 15306.17 | -1.00 |
| NASDAQ | 3459.78 | -3.52 |
| SP 500 | 1651.81 | -3.54 |
| TSX-VENTURE | 935.78 | -6.30 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
- 2nd suspect in Tim Bosma murder case to plead not guilty
- 2 more arrests linked to hacking death of British soldier
- Toronto Mayor Rob Ford fires chief of staff
- How was the Mike Duffy report 'whitewashed?'
- Chained-teen's mom wants man who pleaded guilty 'to suffer'
- Vancouver man abandons Porsche on B.C. ferry
- Neil Macdonald: Harper no Obama when it comes to dealing with scandals
- B.C. teen saves pet dog in 'terrifying' cougar attack
- Mike Duffy's primary home not P.E.I., unedited Senate report says

