Breaking Sports

Friday, March 04, 2005

nhl- Buyout $$$ Could Increase

from the torontostar, The U.S. buyout firm that stunned the hockey world with a $3.5 billion (U.S.) bid for the embattled NHL has lined up billions of dollars in financing and is prepared to substantially boost its offer if club owners also want to sell arenas, sports cable channels and other assets linked with the teams.
Some team owners said yesterday they weren't interested in selling at any price. And, while the proposal might be attractive to some, it would be virtually impossible to get all 30 clubs to sign on.
However, the proposal tabled in New York this week by Bain Capital LLC and its partner Game Plan LLC was just an opening shot, a source familiar with the matter said yesterday.