Report: NHL stars may lose endorsements with Bauer going bankrupt
@BauerHockey/Twitter
Second sources of income across the NHL may be lost as soon as Monday, as the parent company for equipment manufacturer Bauer prepares to file for bankruptcy protection, TSN's Rick Westhead reports.
Patrick Kane, Jonathan Toews, and Auston Matthews are among athletes who have signed endorsement deals with Bauer.
Westhead reports Performance Sports Group Ltd. expects a $424-million debt by the end of 2016. In addition, its shareholders filed a lawsuit against the company, accusing it of inflating revenue and sales reports and deceiving the market.
NHL players could lose deals valued at upwards of $500,000.