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NHL Molson Beer Deal Losing Fizz

Judge Frank Newbould of the Superior Court in Ontario, Canada, sided with Anheuser-Busch Canadian brand Labatt, which brews Budweiser and Bud Light in Canada, and overturned a $375 million deal between the NHL and Molson Coors.

The judge said Labatt had an agreement in place with the NHL through 2013-14 when the NHL in February signed and unveiled the seven-year partnership with Molson Coors. At the time, the NHL called the Molson Coors pact the most "lucrative sponsorship deal" in league history. It was scheduled to take effect in July.

Both the NHL and Molson Coors said they planned to appeal.

Read the whole story at The Big Lead »

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