![]() ![]() Manchester United Sale Timeline: From Glazer Takeover to Recent Bidsĭisney to Spend $44. The deal values the Predators at roughly $875 million, but the final payment is at a valuation more than $1 billion. It’s a multi-year investment where Haslam moves from being a limited partner to controlling owner over two years. ![]() In addition to the Arctos investment in the Lightning, NHL owners have the approval of Bill Haslam’s purchase of the Nashville Predators on their current agenda. It recently disclosed assets of $6.64 billion, as of the end of 2022- a 69% increase from the year prior. The 56-acre project from Strategic Property Partners, a firm co-owned by Vinik and Bill Gates’ Cascade Investment, includes office space, retail, residential and medical buildings.Īrctos is a sports-focused private equity fund owned and led by Ian Charles and Doc O’Connor. The team is a prime example of pro sports franchises prioritizing real estate investments. Vinik and the Lightning have played a principal role in the city’s $4 billion Water Street development. Vinik has also built a strong business off the ice, as revenue ranks in the top third of the NHL and attendance was third best in the NHL last season. Salary cap totals including salaries, buyout figures, and projected floor & cap space. The club has been a juggernaut on the ice with nine playoff trips over the past decade, including back-to-back Stanley Cup titles in 2020-22. Sportico valued the Lightning at $910 million in 2022, which ranks 15th in the NHL.įormer hedge fund manager Jeff Vinik bought the Lightning for $170 million in 2010 when the team was losing millions of dollars and ranked in the bottom of the NHL for attendance and revenue. Arctos also owns interests in the NHL’s Pittsburgh Penguins and New Jersey Devils through its stakes in Fenway Sports Group and Harris Blitzer Sports & Entertainment. The new investment would push its stake beyond the 20% threshold. The NHL’s PE policy allows funds to buy non-voting minority stakes in a maximum of five different teams (same as the NBA, and one more than MLS.) The maximum that a single fund can own in an NHL team is 20%, and no franchise can have more than 30% of its equity owned by investment funds.Īrctos initially invested in the Lightning, as well as the Minnesota Wild, at the end of 2021. The Arctos deal, which still needs to be approved by the NHL, required a special waiver from the league, as it exceeds the ownership cap rules for private equity. A representative for the Lightning didn’t respond to a request for comment. NHL's Ottawa Senators to be Sold to Andlauer for Nearly $1 Billionįormer NHL Exec John Collins Invests in Islanders, Will Run Biz Ops Lightning: Will host Vegas on Thursday night.Golden Knights' Stanley Cup Game 5 Puck Could Fetch $500K, Goldin Says UP NEXTīlues: Play at Florida on Thursday night. Tampa Bay defenseman Mikhail Sergachev took a shot by Colton Parayko off the back of his left foot in the first and did not return. He also had an assist and finished plus-four. Two goals have come in the last two games.Įyssimont stopped a 19-game goal drought 2:23 into the game after Binnington misplayed a dump-in behind the net.įleury got his first goal in 67 games during the second. Louis’ NHL-worst power play went 1 for 3 and has converted three chances in 30 tries over the last 11 games. Louis way too many chances to get back into the game, and Vasy fortunately kicked them out," Tampa Bay coach Jon Cooper said. "We didn’t need to bring any risk into the game and I thought we just gave St. Vasilevskiy stopped Kevin Hayes on a short-handed breakaway midway through the first. ![]() The right wing has 54 points, including 22 goals. Kucherov scored twice 1:50 apart late in the first and early in the second to make it 4-0. The Blues got a power-play goal from Justin Faulk with 4:05 left. "We’ve just got to do a better job when we’re defending," Bannister said. Louis interim coach Drew Bannister lost in his first road game following a pair of home victories after taking over when Craig Berube was fired on Dec. ![]()
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