Charity games acts as bequest
Though Germany has hosted the hockey W
orld Championship at Mönchengladbach & England is the host to European hockey Championship in 2007, it is actually Canada which seems to be basking in the glory of Hockey. Canadian based teams – NHL, American hockey League & others also earn a commendable foreign exchange of which the NHL teams have approximately incorporated US$50 million annually into the Canadian economy. On summing up all the sources of foreign earnings, approximately C$300 million is contributed annually to the Canadian economy by hockey alone. No wonder, the Canadian Ice hockey player, Bobby Hull, got voted as hockey’s first million dollar man! In fact, this sport has so much seeped into the lives of Canadians, that in Toronto a 50-year-old hand carved hockey stick was sold for an exorbitant $2.2 million which eventually went for charity. Charity hockey matches are also in vogue like the ‘Hockey Hall of Fame’ in Canada. In California too, the Hockey Charity Tournament 2007, has a serious purpose of healing children with bad health. Thus, hockey is not just fostering economic growth but is also cultivating charity funds.
For Complete IIPM Article, Click on IIPM Article
Though Germany has hosted the hockey W
orld Championship at Mönchengladbach & England is the host to European hockey Championship in 2007, it is actually Canada which seems to be basking in the glory of Hockey. Canadian based teams – NHL, American hockey League & others also earn a commendable foreign exchange of which the NHL teams have approximately incorporated US$50 million annually into the Canadian economy. On summing up all the sources of foreign earnings, approximately C$300 million is contributed annually to the Canadian economy by hockey alone. No wonder, the Canadian Ice hockey player, Bobby Hull, got voted as hockey’s first million dollar man! In fact, this sport has so much seeped into the lives of Canadians, that in Toronto a 50-year-old hand carved hockey stick was sold for an exorbitant $2.2 million which eventually went for charity. Charity hockey matches are also in vogue like the ‘Hockey Hall of Fame’ in Canada. In California too, the Hockey Charity Tournament 2007, has a serious purpose of healing children with bad health. Thus, hockey is not just fostering economic growth but is also cultivating charity funds.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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