A Wall Street buyout firm and a sports advisory company have offered to buy all 30 teams in the National Hockey League for roughly $3.5 billion US, according to reports. Bain Capital Partners LLC and Game Plan International made the joint proposal to NHL owners Tuesday in New York, the Toronto Star and Globe and Mail reported Thursday. Steven Pagliuca, managing partner at Bain Capital Partners, is co-owner of the NBA's Boston Celtics. The reports say NHL commissioner Gary Bettman invited them to make the offer. In order for the deal to go through, the owners of all 30 teams would have to agree to sell to the consortium.I thought reports in a recent Sports Illustrated that the NHL would impose unitard uniforms and other radical changes to the game were a joke but it appears that the Commissioner's office is indeed out to eat the NHL.
Guess Who Would Keep His Job?
Posted by on Thursday, March 3, 2005 in - 4 comments
Comments
Alan - March 3, 2005 11:53 AM
Rats a leapin' as reported in the <i>Star</i>:<blockquote class="smalltext">Last week, for instance, Walt Disney Co. sold the Anaheim Mighty Ducks for $75 million. The sale included a $15 million training facility.</blockquote>
blueskelton - March 3, 2005 11:59 PM
Guess I am considered Generation Y but i grew up during X
Chris Taylor - March 4, 2005 12:20 AM
Wouldn't the sale of all 30 professional hockey teams to a single holding company/controlling interest trigger some sort of massive anti-trust case?
How are they getting around that stuff?
Alan - March 4, 2005 8:03 AM
They are thick in the head?