Llama19
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NHL team values on rise ahead of next TV rights deal
To quote:
"With the National Hockey League in the midst of expansion and a top-dollar media rights deal on the horizon, existing team owners may have to join their peers in other sports leagues by looking to private equity firms as potential investors.
The NHL has no rules prohibiting private equity firms from holding ownership stakes in franchises. However, NHL Deputy Commissioner Bill Daly acknowledged that private equity has rarely pursued investments in individual clubs during the league’s history.
Wall Street’s focus on pure profitability does not easily translate to franchise ownership within sports leagues, where member clubs often place the health of the overall sport above a team’s individual needs. In addition, private equity firms are often unwilling or unable to alter their financial operations to comply with NHL ownership deals that are subject to board approval, [NHL Deputy Commissioner Bill ] Daly told FOX Business.
Concerns about the ability of some NHL teams to maintain profitability, as well as foreign-exchange considerations for Canadian-based franchises, are additional obstacles to private equity investments, industry sources said."
Source: www.foxbusiness.com/sports/nhl-private-equity-ownership-team-expansion
To quote:
"With the National Hockey League in the midst of expansion and a top-dollar media rights deal on the horizon, existing team owners may have to join their peers in other sports leagues by looking to private equity firms as potential investors.
The NHL has no rules prohibiting private equity firms from holding ownership stakes in franchises. However, NHL Deputy Commissioner Bill Daly acknowledged that private equity has rarely pursued investments in individual clubs during the league’s history.
Wall Street’s focus on pure profitability does not easily translate to franchise ownership within sports leagues, where member clubs often place the health of the overall sport above a team’s individual needs. In addition, private equity firms are often unwilling or unable to alter their financial operations to comply with NHL ownership deals that are subject to board approval, [NHL Deputy Commissioner Bill ] Daly told FOX Business.
Concerns about the ability of some NHL teams to maintain profitability, as well as foreign-exchange considerations for Canadian-based franchises, are additional obstacles to private equity investments, industry sources said."
Source: www.foxbusiness.com/sports/nhl-private-equity-ownership-team-expansion