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Wall Street Hockey buyout is this serious?


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Firms made pitch to owners Tuesday

Associated Press

TORONTO -- A Wall Street buyout firm and a sports advisory company reportedly made a joint proposal to buy all 30 NHL teams for as much as $3.5 billion.

Bain Capital Partners LLC and Game Plan International, both based in Boston, made the offer in a 30-minute presentation to NHL owners on Tuesday in New York, sources told the Toronto Star. The companies were invited to make their pitch by NHL commissioner Gary Bettman.

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Well here is the chance for the owners to put up or shut up- they are saying they are losing so much money with their teams- here they can get out of the sport and make their investment or some of their invesment back

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