Economic sanctions imposed against the Russian Federation by countries of the European Union, can have a significant impact on the Continental hockey League (KHL), the Chairman of the Board of Directors Gennady Timchenko, who is quoted by the Agency ITAR-TASS.
Thus, according to the official, at the same time being President of the St. Petersburg SKA, bans will not be able to jeopardize the existence of the League.
"The political situation in the world leaves its mark on the economy. This may affect the Continental hockey League, because it is supported by sponsors. Who are these sponsors today? The "Chevrolet", "Pepsi", and so on. And what will it look like tomorrow? It is clear that the whole story with sanctions may not be complete and may affect the KHL," said Gennady Timchenko.
According to the Chairman of the Board of Directors, the KHL will find a way to solve the problem, and the League will exist. As for clubs, then they should care about their financial position.
On Thursday, the head of the European Council Herman van Rompuy said that the new EU sanctions against Russia will come into force on 12 September.
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