guyincognito
Registered User
- Mar 21, 2007
- 31,300
- 1
This is OT but I just wondering what teams in other sports are for sale right now.
I don't understand why all of a sudden, almost 1/3 of the NHL teams are in whole or part for sale.
Maybe some of the knowledgeable business oriented posters can provide some insight on this.
This gets even more interesting. Vanderbeek may be managing member, but only a minority shareholder (30% share).
http://www.nypost.com/p/sports/devils/devils_partner_trying_to_sell_dfhX34ukzeTFgfvXZsVkYK
But the banking source said the ownership structure of the team is complicated and Chambers could hold a majority interest in the franchise through more than one company.
NHL deputy commissioner Bill Daly said Tuesday in an e-mail message that Chambers is not the majority owner of the team. A source close to Vanderbeek said he owns 50 per cent of the operation and smaller shares are held by Brick City, Peter Simon and Devils president Lou Lamoriello. Simon and Lamoriello do not want to sell, the source said.
Although Brick City Hockey LLC, which is headed by Ray Chambers and his son-in-law, Mike Gilfillan is looking to sell its share of the team, any sale of that share of the team would be packaged with team’s arena rights.