Friday, March 04, 2005

Two firms offer $3.5B to buy all 30 NHL teams

"Two Boston companies have offered NHL owners a way out of their labor woes: Sell the entire league -- pucks, Penguins and penalty boxes -- for more than $3 billion."

"An offer of between $3 billion and $3.5 billion would translate to between $100 million to $117 million per team."

Should the deal go through, it would be a very profitable investment for Bain and Game Plan LLC in the long term.

[CNNSI]

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