Kukla's Korner Hockey
by Paul on 10/26/12 at 03:42 PM ET
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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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.
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