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Friday, June 24, 2005

nhl- Will the NHL become "Hot"

from the Washington Times, Sixteen months ago, a league-commissioned financial analyst called the NHL "a dumb investment" and said it was on "a treadmill to obscurity."
Since then, the NHL has seen its lockout become the longest work stoppage in North American pro sports history, ESPN part ways with the league, fans find other outlets for their sporting passion and, surprisingly, a growing group of investors who still want to join the exclusive fraternity of team owners.
Amid the darkest days in the NHL's 88 years, the Mighty Ducks of Anaheim recently were sold to billionaire Henry Samueli, who amassed his fortune as co-founder and chairman of communications heavyweight Broadcom Co. A California investor, William "Boots" Del Biaggio, has a letter of intent to buy the Pittsburgh Penguins. The St. Louis Blues are officially for sale with at least several serious offers expected soon. And a pair of Boston investment houses have a standing proposal to buy the entire NHL and recently raised their offer to $4.3?billion....more...