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Maybe Bain Capital Should Have Bought The NHL

from Ken Campbell of The Hockey News,

Remember back in 2005 when Bain Capital made an offer to purchase the entire NHL for $4 billion? The owners, of course, dismissed the notion in a hurry, but you have to wonder now, with a second lockout in full swing and the NHL cancelling games, whether about a dozen current owners wouldn’t have thought that would be a good idea.

It seemed crazy at the time, but a Bain-owned NHL couldn’t be any worse for fans or players or anyone else than what we have on our hands right now, could it? No, and in some ways it would probably be a lot better.

For starters, the money it would have taken to purchase the NHL would have been chump change for a private equity company as large as Bain. It would have been a small part of something much bigger, which would mean that the owner would not have lived and died with every struggling franchise. And as the owner of a single entity with 30 subsidiaries, the NHL would have been in the same situation as a lot of other large businesses.

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Filed in: NHL Talk, | KK Hockey | Permalink
 

Comments

pensfan29's avatar

No, no, and no.

Posted by pensfan29 on 10/26/12 at 04:08 PM ET

TheFreak's avatar

Maybe Bain should at least take over some teams. smile

Posted by TheFreak on 10/26/12 at 04:22 PM ET

Avatar

no way!!!! Hockey players wives would not be allowed to get free birth control, all teams would have been moved to china, you would have to order food from binders full of concessions.  wink

Posted by gretzky_to_lemieux on 10/26/12 at 04:46 PM ET

Avatar

When Bettman is ashes, you have my permission to relocate.

Posted by Garth on 10/26/12 at 04:50 PM ET

WingsFanInBeanLand's avatar

So the league would be using outsourced players from China.

Posted by WingsFanInBeanLand from where free agents no longer dare. on 10/26/12 at 06:17 PM ET

HockeytownOverhaul's avatar

but everything going on now is good to go… rilght…

Posted by HockeytownOverhaul on 10/27/12 at 02:20 AM ET

Red Winger's avatar

So the league would be using outsourced players from China.

Obama runs Bain?

Posted by Red Winger from Sault Ste Marie on 10/27/12 at 09:33 AM ET

redxblack's avatar

Yay! More stupid political crap that doesn’t belong on a hockey site! Extra bonus - partisan drivel not based on evidence! It’s like accidentally listening to AM talk radio and hearing right wing pundits calling clean water “Socialism”

If you want to engage in political banter, bring your A game. This crap is weak.

Posted by redxblack from Akron Ohio on 10/27/12 at 10:55 AM ET

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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

Email Paul anytime at pk@kuklaskorner.com

 

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