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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I think it is awkwardly worded. I read that as if the franchise value increases in 3 years, he'll want to be able to cash out his remaining 48% for more than the $500M valuation.