intriguing...
TORONTO (AP) -- An investment firm and a sports advisory company reportedly made a joint proposal to buy all 30 NHL teams for as much as $3.5 billion.
Bain Capital Partners LLC and Game Plan LLC, both based in Boston, made the offer in a 30-minute presentation to NHL owners on Tuesday in New York, the Toronto Star reported Thursday.
It said the companies were invited to make their pitch by NHL commissioner Gary Bettman.Bain Capital spokesman Sam Hollander and Collin Vataha of Game Plan both declined to immediately comment Thursday to The Associated Press.
The NHL, which because of its ongoing player lockout recently became the first major North American pro sports league to cancel an entire season, has said its teams have lost a collective $500 million over the past two seasons.
Before the work stoppage, the total value of the 30 NHL franchises was an estimated $4.9 billion, according to Forbes Magazine. The Detroit Red Wings topped the list at $266 million, with the Edmonton Oilers last at $86 million.
Bain Capital Partners LLC and Game Plan LLC, both based in Boston, made the offer in a 30-minute presentation to NHL owners on Tuesday in New York, the Toronto Star reported Thursday.
It said the companies were invited to make their pitch by NHL commissioner Gary Bettman.Bain Capital spokesman Sam Hollander and Collin Vataha of Game Plan both declined to immediately comment Thursday to The Associated Press.
The NHL, which because of its ongoing player lockout recently became the first major North American pro sports league to cancel an entire season, has said its teams have lost a collective $500 million over the past two seasons.
Before the work stoppage, the total value of the 30 NHL franchises was an estimated $4.9 billion, according to Forbes Magazine. The Detroit Red Wings topped the list at $266 million, with the Edmonton Oilers last at $86 million.
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