Quote:
Originally Posted by nfotiu
WTH does this mean:
Pete Karmanos will retain just under 50% ownership to protect future growth in franchise values. @NHL @Sportsnet
He really sold it for 260 million, but we'll call it 500 million so that all the other owners can keep pretending their teams are worth twice as much as they are?
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Lol pretty much. OR he will get his remaining ~ $250 mil in 3 years when he is eligible to be bought out as minority owner.