Breaking Sports

Wednesday, March 02, 2005

nhl- 2 Companies Wanted to buy NHL!

from sportsnet, How much would you pay for a 30-team professional hockey league that generates a $2.1 billion revenue stream?
The hitch, of course, is that the league can't find enough common ground with its players to actually play the game?
Nevertheless, sources tell Sportsnet that a pair of high-powered American companies have offered more than $3 billion to buy the NHL. The entire league. Thirty teams and the head office.
As bizarre as it sounds, sources say GamePlan Financial Marketing along with LLC and Bain Financial Capital made a 20-minute purchase presentation Tuesday in New York during the NHL Board of Governors meeting, offering just more than $100 million per team.