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NHL Teams to be split under $4B plan
The Washington Times ^
| May 25, 2005
| UPI
Posted on 05/25/2005 5:12:33 PM PDT by Hat-Trick
New York, NY, May. 25 (UPI) -- A $4 billion plan for control of the National Hockey League reportedly would split the league's 30 teams into three tiers based on market value.
The plan has been offered by private-equity firms Bain Capital LLC and Game Plan LLC, the Wall Street Journal reported Wednesday quoting a person familiar with the proposal. It comes at a time when team owners and players are yet to resolve a labor dispute that canceled the 2004-05 hockey season.
(Excerpt) Read more at washingtontimes.com ...
TOPICS: Canada; Culture/Society; Extended News; Miscellaneous; News/Current Events
KEYWORDS: bain; buyout; cba; hockey; hockeywhatshockey; lockout; nhl; nhlpa; strike
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Even if the collective group of NHL/NHLPA idiots don't come to an agreement or if this LBO doesn't happen, I'm still looking forward to our new AHL team this fall.
1
posted on
05/25/2005 5:12:33 PM PDT
by
Hat-Trick
To: Hat-Trick
the NHL laughed at the notion of this proposal yesterday...which means they are probably considering it...
2
posted on
05/25/2005 5:13:46 PM PDT
by
MikefromOhio
(Is anyone else ready for football to begin again?)
To: SZonian; retrokitten; hollywood; Alberta's Child; 6323cd; Betis70; ColoCdn; airborne; k2afe; ...
Hockey Ping!
Freep mail or ping me if you want on or off the Hockey Ping List.
3
posted on
05/25/2005 5:14:13 PM PDT
by
Hat-Trick
(Do you trust a government that cannot trust you with guns?)
To: Hat-Trick
How could anyone possibly consider making a $4 billion buy-out offer without first resolving the labor dispute? This makes NO sense whatsoever..
4
posted on
05/25/2005 5:16:32 PM PDT
by
ken5050
(Ann Coulter needs to have children ASAP to pass on her gene pool...any volunteers???)
To: Hat-Trick
No matter what, I expect my Penguins to get hosed.
5
posted on
05/25/2005 5:17:31 PM PDT
by
airborne
(Dear Lord, please be with my family in Iraq. Keep them close to You and safely in Your arms.)
To: Hat-Trick
I knew it was a stupid idea to bring hockey to Nashville...the franchise will probably go bye-bye.
6
posted on
05/25/2005 5:18:20 PM PDT
by
Fledermaus
(The New 7 Dwarfs: Cowardly, Cranky, Dopey, Goofy, Mealy, Sorry and Wussy)
To: ken5050
My guess is that the new ownership would resolve the labor dispute by having new tryouts. Be interesting to say the least - to see how well the NHLPA holds up with something like that. Hopefully they'd start with a new commissioner as well.
7
posted on
05/25/2005 5:18:49 PM PDT
by
Hat-Trick
(Do you trust a government that cannot trust you with guns?)
To: airborne
No matter what, I expect my Penguins to get hosed. Finally, Mario would get paid.
8
posted on
05/25/2005 5:19:40 PM PDT
by
Hat-Trick
(Do you trust a government that cannot trust you with guns?)
To: Hat-Trick
No matter what, I expect my Penguins to get hosed.
9
posted on
05/25/2005 5:19:52 PM PDT
by
airborne
(Dear Lord, please be with my family in Iraq. Keep them close to You and safely in Your arms.)
To: Hat-Trick
He sure deserves it!
And then some!
10
posted on
05/25/2005 5:23:18 PM PDT
by
airborne
(Dear Lord, please be with my family in Iraq. Keep them close to You and safely in Your arms.)
To: Hat-Trick
Can this RedWings fan get on your pinglist please sir?
11
posted on
05/25/2005 5:25:30 PM PDT
by
MikefromOhio
(Is anyone else ready for football to begin again?)
To: MikeinIraq
Will do, Mike.
FRegards,
Hat-Trick (Avs fan)
12
posted on
05/25/2005 5:28:19 PM PDT
by
Hat-Trick
(Do you trust a government that cannot trust you with guns?)
To: Hat-Trick
ARRRRGGGG GRRRR!!!!
:-)
13
posted on
05/25/2005 5:30:18 PM PDT
by
MikefromOhio
(Is anyone else ready for football to begin again?)
To: MikeinIraq
It'll be interesting to see if a rivalry still exists when these 2 take the ice, if ever. And, I'll not be the first, but certainly in a long line of folks who will say that Stevie Y is the classiest captain to ever wear the 'C' for any team.
14
posted on
05/25/2005 5:35:14 PM PDT
by
Hat-Trick
(Do you trust a government that cannot trust you with guns?)
To: MikeinIraq
15
posted on
05/25/2005 5:35:51 PM PDT
by
RWR8189
(I Will Sit on My Hands in 2008 Instead of Voting for McCain)(No Money for the NRSC)
To: Hat-Trick
yeah....I hope his last year he could have been playing wasnt this past one. That would really suck.
MY guess is, as I have heard rumor or two, is that they will have a deal hammered out by June 10th, if not sooner....
16
posted on
05/25/2005 5:36:06 PM PDT
by
MikefromOhio
(Is anyone else ready for football to begin again?)
To: ken5050
How could anyone possibly consider making a $4 billion buy-out offer without first resolving the labor dispute? If you have many owners they cannot agree to "fix" the price of wages -- that violates anti-trust laws because you have a combination in restraint of trade. Those owners have to have a collective bargaining agreement with an union in order to fix the rate of wages. If, on the other hand, you have one owner of an entire league, that owner can fix the price of wages because he (she/it) is not combining with others in restraint of trade but simply adopting rules for one workplace.
17
posted on
05/25/2005 5:36:34 PM PDT
by
Pilsner
To: MikeinIraq
I know that most people think the bad blood started when Clod cheap-shotted Draper into the boards, but I think it all started during the playoffs in 1996 when Patrick went "cup-check" with the big Koho on Dino Cicarelli to get him out of the crease.
18
posted on
05/25/2005 5:41:09 PM PDT
by
Hat-Trick
(Do you trust a government that cannot trust you with guns?)
To: Hat-Trick
yeah something about a nut shot would tend to make people mad :)
19
posted on
05/25/2005 5:41:39 PM PDT
by
MikefromOhio
(Is anyone else ready for football to begin again?)
To: RWR8189
LOL....
and you guys can keep Fedorov too :)
20
posted on
05/25/2005 5:42:01 PM PDT
by
MikefromOhio
(Is anyone else ready for football to begin again?)
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