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Old 05-12-2024, 11:23 AM   #1
sureLoss
Some kinda newsbreaker!
 
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Join Date: May 2004
Location: Learning Phaneufs skating style
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Flames Flames actively entertaining selling around 15 to 30% of the club

From the fourthperiod so take it FWIW.

https://www.thefourthperiod.com/pagn...ty-for-toronto
Quote:
Utah’s addition to the NHL should provide a nice uptick in Hockey Related Revenues, further enforcing the League’s financial standing. Business is in a good place; team valuations are increasing, sponsorship deals keep coming in, the salary cap is already projected to go up another five percent for 2025-26, and revenues continue to climb.

Some teams are taking notice and are starting to explore the market for new partners.

I’m told a healthy chunk of NHL owners are willing to take on new minority stakeholders, with one club in the process of finalizing a deal to sell 15 percent of that specific franchise. I am not currently at liberty to divulge the team, but that deal is expected to be announced around or in June.

Another team, the Calgary Flames, are actively entertaining the possibility of selling around 15 to 30 percent of their club and have been engaged in discussions with prospective groups. At least four other clubs, that I am aware are, have been doing the same.

Strike while the iron’s hot, right?
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