Insider says Canadian team willing to sell up to major share
The value of National Hockey League teams has gone up quite a bit in the last few years and it's leading some teams to consider selling a portion of their club.
Last year, the Ottawa Senators sold to Michael Andlauer for nearly $1 billion USD and now another Canadian franchise is potentially looking to cash in on the rise in team valuation.
According to David Pagnotta of The Fourth Period, the Calgary Flames are looking at the possibility of selling anywhere from 15 to 30 percent of their club and have talked with interested groups.
It appears that the Calgary Flames aren't the only team to explore this possibility and one deal is reportedly going to be announced next month, Pagnotta is reporting, but he didn't reveal which team it is.
It'll be interesting to see which franchise is selling 15 percent of their club next month, but as Pagnotta says, this is a possibility we could see with other teams going forward. With the value of NHL franchises going through the roof and will continue to in the years to come, it could make the league explore expansion as another source for revenue. Many expect the cost for the next expansion franchise to exceed $2 billion USD.
Source: The Fourth Period - CUP OR BUST MENTALITY FOR TORONTO
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MAI 13 | 452 ANSWERS Insider says Canadian team willing to sell up to major share Do you think a Canadian team will win the Stanley Cup in 2025? | ||
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