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Finnish hockey team Jokerit to join Russia-dominated KHL

The Canadian Press

10/30/2013 11:01:08 AM

MOSCOW -- The Kontinental Hockey League says it has signed a letter of intent with Finnish club Jokerit to join the Russia-dominated league in the 2014-15 season.

A statement from the KHL on Wednesday says the Helsinki team has until April 30 to present the necessary financial guarantees to become the first league team from outside Eastern Europe and the former Soviet Union.

Russian investors led by billionaire Boris Rotenberg bought a 49 per cent stake in the team this year, along with complete control of Jokerit's home venue Hartwall Arena.

The KHL comprises 28 teams from eight countries.