FLYLine27*
BUCH
http://www.tsn.ca/nhl/news_story.asp?ID=117038&hubName=nhl
According to a report in Friday's Toronto Star, a Wall Street financial services corporation and a sports advisory firm are prepared to substantially increase their initial offer of $3.5 billion US to purchase the 30 NHL teams.
The two companies reportedly had a formula to compensate each team owner based on revenue, assets and market size. Under the $3.5 billion umbrella, each franchise would be worth an average of $117 million US.
Last week, the Mighty Ducks of Anaheim were sold for a reported $75 million US, a deal that included a $15 million US practice facility.