Wall Street Buy-Out Firm Wanting To Buy NHL?
03-03-2005, 07:38 AM
#1
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From the CBC website:
http://www.cbc.ca/story/sports/natio...fer050303.html
[ March 03, 2005, 08:39 AM: Message edited by: Zach Hartwell ]
http://www.cbc.ca/story/sports/natio...fer050303.html
Boston-based firms offer to buy NHL: reports
WebPosted Thu, 03 Mar 2005 04:53:46 EST
CBC News
TORONTO - 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.
* FROM FEB. 16, 2005: Game over: NHL cancels season
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.
Bettman cancelled the NHL season in mid-February after a series of negotiations failed to produce a new collective bargaining agreement.
It's estimated the NHL, which became the first North American pro sports league to cancel an entire season, has lost about $500 million over the past two seasons.
WebPosted Thu, 03 Mar 2005 04:53:46 EST
CBC News
TORONTO - 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.
* FROM FEB. 16, 2005: Game over: NHL cancels season
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.
Bettman cancelled the NHL season in mid-February after a series of negotiations failed to produce a new collective bargaining agreement.
It's estimated the NHL, which became the first North American pro sports league to cancel an entire season, has lost about $500 million over the past two seasons.
[ March 03, 2005, 08:39 AM: Message edited by: Zach Hartwell ]
03-03-2005, 10:14 AM
#2
I don't think it will happen. All the teams would have to agree to the sale, and also, how would they figure out which team get what? They couldn't just divide it by 30, as that means each team would just get a bit over 100 million, and we all know the LEafs alone are worth way more than that.
03-03-2005, 10:24 AM
#3
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Join Date: Apr 2002
Posts: 1,089
Here is a link to the team values, keep in mind this was pre strike. The median value is $148 million. With all that has happened since this report you have to figure the value of the temas has dropped and a few teams are going to disappear anyways.
But trying to sell 30 owners on it will be damn near impossible
http://www.forbes.com/lists/results.jhtml?passListId=31&passYear=2004&passList Type=Misc&searchParameter1=unset&searchParameter2= unset&resultsStart=1&resultsHowMany=25&resultsSort Pr operties=-numberfield2%2C%2Bnumberfield1&resultsSortCategory Name=Current+Value&category1=category&category2=ca tegory&passKeyword=
But trying to sell 30 owners on it will be damn near impossible
http://www.forbes.com/lists/results.jhtml?passListId=31&passYear=2004&passList Type=Misc&searchParameter1=unset&searchParameter2= unset&resultsStart=1&resultsHowMany=25&resultsSort Pr operties=-numberfield2%2C%2Bnumberfield1&resultsSortCategory Name=Current+Value&category1=category&category2=ca tegory&passKeyword=
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