The Tampa Bay Lightning are up for sale
Photo credit: Pro sports backrounds
Breaking news out of the NHL as the Tampa Bay Lightning have announced they are putting their hock club up for sale.
According to Sportsnet, the interested buyer is Doug Ostrover, co-founder and CEO of Blue Owl Capital, a highly prestigious investment firm in the U.S.
According to Elliot Friedman, a deal is nowhere close to being done yet, but the Tampa Bay Lightning have confirmed that they have begun their preliminary sales process.
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It is reported that Lightning have been appraised at an astounding $2 billion dollars, a record breaking valuation at the NHL level. If the Lightning manage to strike a deal with Ostrover, it would be known as the most expensive hockey transaction ever recorded in the history of the sport.
This valuation underscores the team's tremendous success and growing value, including multiple Stanley Cup championships over the past decade. The current ownership group, led by Vinik Sports Group, wants to expand its ownership base but assures fans that there will be no immediate changes to the team's day-to-day operations or management.
Sportico estimated the Lightning's value at $1.2 billion earlier this year, highlighting a significant increase in NHL franchise values. Despite controversies surrounding NHL Commissioner Gary Bettman, the soaring prices of teams reflect a robust market for NHL franchises.
The organization is in no current threat of relocation and the transaction would simply signify a different ownership partnership for the club.
source: Red Wings Insider - Sportsnet
Lightning working on sale with value close to $2B
Report by Elliotte Friedman confirms Tampa Bay Lightning NHL team have been sold
Lightning working on sale with value close to $2B
Report by Elliotte Friedman confirms Tampa Bay Lightning NHL team have been sold
| POLL | ||
14 AOUT | 56 ANSWERS The Tampa Bay Lightning are up for sale Is $2 billion dollars too much? | ||
| Yes | 41 | 73.2 % |
| No | 15 | 26.8 % |
| LIST OF POLLS | ||
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