Report: Capitals failed to delcare hockey-related revenue

According to a report in Sunday’s New York Post by Larry Brooks, the Capitals are among multiple NHL teams that failed to report all of their hockey-related revenues from the 2010-11 season.

From the New York Post:

This, in addition to a dispute over whether the $25 million Glendale, Ariz., paid the NHL to keep the Coyotes from absconding to Winnipeg should be considered hockey-related revenue, is what is holding up issuance of the escrow refunds to the players and checks to the owners who qualify for the second round of 2010-11 revenue sharing.

We’re told Washington and Nashville are among at least a handful of clubs that have been cited for failure to declare hockey-related revenue, with the matter now more likely than not to be decided in arbitration.

Check out the full article here.

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