The NHL is making progress toward its long-term goal of reaching $8bn in revenue for the 2018-19 season, and the league is on pace to do so in 2018-2019, according to the league’s new chief financial officer.
“It’s definitely happening,” Marc Lasry said Tuesday.
The NHL’s revenue in the first quarter of 2018 was $8.2bn, and its revenues are projected to increase to $8billion for the 2017-18 season, Lasry told analysts during a conference call.
Lasry also said the league has set its sights on reaching $15 billion in total revenue by 2020.
In a press release, Lasrey outlined a number of initiatives that he believes will help accelerate the league toward that goal, including a new league office, new sponsorships and new television deals.
It is also hoped the league can reach a deal with the NHLPA, which was previously at odds with the league, to become the bargaining partner for the players and their families.
As part of the new initiatives, Lasrys said the NHL is working on a new uniform design, a new scoreboard that could feature a video screen and a new hockey app, along with an improved media plan.
While Lasry noted that he has not yet seen a definitive proposal from the league for a new stadium, he said he believes the NHL will soon have a deal in place with the NFL to move to an indoor arena.
Last month, Lassey said the NFL’s decision to move its home game from its domed facility in Santa Clara, California, was “the most significant move” in the league in recent years.
NFL Stadium Series with San Jose Earthquakes and Oakland Raiders is the second-largest in US sports history, according a ESPN Insider story on the event.