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Mikhail Margelov, who chairs the foreign relations committee at the Federation Council of Russia, will focus on Russia's hockey in the near term.
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Nov. 15, 2005
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Joint Stock Co. of Hockey Type
The board of Russias Professional Hockey League (PHL) passed a decision yesterday, November 14, 2005, whereby the Leagues status may change from the non-profit partnership to the joint stock company in the near term. Mikhail Margelov, head of foreign relations committee at the Federation Council, is expected to chair the BOD of the new company. This initiative of the PHL could be viewed as a response to proposal to create a Euro-Asian Hockey League (EAHL), which was presented by Federal Sports Agencys head Vyacheslav Fetisov and backed up by a raft of clubs.
Owners of Russias Superleague Clubs received the EAHL project in late October, when it was approved by the governments of potential member states, including Ukraine, Kazakhstan, Latvia and Belarus. A new international league, Fetisov said, could become the NHLs alternative in the course of time, matching it in terms of business success.

EAHL Declaration has been sealed by 11 clubs to-date, though some owners still agree only with the general provisions of the draft. The vulnerable point is that a new League will unite weak clubs of the CIS and Baltic States and is bound lose to Russias Superleague in strength. Alexander Steblin, who is the president of Russias Hockey Federation, is among the opponents. Steblin refers to EAHL creation as to an attempt to break up Russias hockey. For Steblin, who would lose a sizeable portion of hockey control provided the EAHL is set up, the last resort was to spearhead something of his own that would prove equally pleasing to the sports and political community.

The Monday sitting of the PHL board suggested the League become a joint stock company in the near term with clubs as its principal holders. This organizational form, the hockey officials say, is much more attractive to business, first of all, because it is more transparent.

All the Article in Russian as of Nov. 15, 2005

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