Thursday, March 03, 2005

If money could really buy happiness...

What would you buy?

An investment firm and a sports advisory company (Boston based companies Bain Capital Partners LLC and Game Plan LLC) yesterday made a joint offer to buy the National Hockey League and all 30 of its teams (estimating each team at $117 million) for more than three and a half billion dollars in an all or nothing deal.

Bain and Game Plan said they believe the sale would bolster the league's revenue because all the teams would "work together to generate more local television coverage, sponsorship and revenue" instead of competing against one another for resources. They have also arranged for a yet unnamed Canadian financier to join the consortium.

I know I believe the NHL needs a major overhaul but I'll admit I am skeptical about hockey being owned by corporate america.

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