Lev Praha withdraws from KHL
02 Jul 2014 | Fredrik Pålsson / levpraha.com
According to a statement on the clubs website the club won't play the 2014/2015 season due to financial reasons.
The statement on levpraha. com says:
"Statement of shareholders Petr
Speychal and Yevgeny Myshkovsky: "After lengthy negotiations, we now
have to unfortunately announce that HC LEV Praha will not participate in
the 2014/2015 KHL season, because the club failed to secure the
necessary funding to continue operating the team at the same level."
This
situation is caused by the fact that some major sponsors, such as
Gazprom and Škoda JS, refused to continue supporting our club. To date,
we filled only half of the budget, which came from from our business
operations.
The
past year is now financially closed, and the club currently has no
unmet financial obligations, either hockey or non-hockey
related. Despite the fact we will sit out the coming season, this
decision does not rule out the possibility of the KHL returning to
Prague in the future, provided the situation regarding finances changes
and we manage to create decent conditions. We are not considering moving
the team to another city or another league -- the KHL in Prague remains
our priority.
At
this time, we once again want to thank the fans and sponsors for their
support, and the players and management for their work in both seasons
played."