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BOG meetings: Owners get sobering message on economy; more eyes on Europe?

By Pierre LeBrun

Monday, December 8, 2008

PALM BEACH, Fla. -- The NHL's board of governors spent most of its first day of meetings discussing the crumbling world economy and the forecast going forward. Talk about a sobering experience. "In the short term, it's pretty dark," NHL deputy commissioner Bill Daly said. "It's a credit crunch, not a lot of financing available, a lot of bad paper out there. So it's going to be tough sledding." Owners and executives from the league's 30 teams heard from two financial experts, and the message w ...

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