With the cancellation of the Spengler Cup and the "catastrophic drop in sales", according to president Gaudenz Domenig, they will have no other choice: "Instead of 29 million, we are expecting revenues of between 11 and 12 million francs this season. And that with practically be no change in expenditure."
The use of federal aid together with their equity capital should be enough to survive this season. Domenig makes, however, clear that with that, they will have exhausted all their reserves.
The employees of HC Davos have also agreed to waive parts of this season's salaries. Everyone who earns more than CHF 48,000 has to waive between 5 and 25 percent of their salary. In return, the players have asked for access to the balance sheets through an independent auditor.
As for the 2021-22 season, 17 contracts of HC Davos' players are expiring. This gives team manager Raeto Raffainer some wiggle room, as he will have to find a way to cut down the players' wage costs by CHF 1.2 million.
