Outside of a minority stake in the team being sold, it could also be Kim stepping out of the President role, having Adams take that over and Karmanos be GM.
They've brought up how private equity firms can buy into franchises now. Perhaps this indicates they are going to sell a minority stake to one of those organizations, like how the Wild and Lightning have.
I mean, it would make SOME sense for the Pegula's to add a minority owner. Given the team is bleeding money like a stuck pig, tapping into the equity of the team to offset the losses a bit makes sense. If they sell 30% at a valuation of 600M (which is way too high), that'd be 180M, more than the Pegula's bought it for.
I would be VERY curious how a PE firm would do about the management structure.
Pegs net worth has seen a real nice increase the last year and the bills are a money printing machine. Sure, I could see it but I don't know if I'd do it in his position with a team that looks like it could finally take that next step very soon. Here's to hoping, though.I mean, it would make SOME sense for the Pegula's to add a minority owner. Given the team is bleeding money like a stuck pig, tapping into the equity of the team to offset the losses a bit makes sense. If they sell 30% at a valuation of 600M (which is way too high), that'd be 180M, more than the Pegula's bought it for.
I would be VERY curious how a PE firm would do about the management structure.
I’ve been wondering if this might happen ever since learning Karmanos responsibilities included the entirety of the GM’s role. Plus after his hire he was the one to do the top to bottom review of the organization. Something the GM usually does.Outside of a minority stake in the team being sold, it could also be Kim stepping out of the President role, having Adams take that over and Karmanos be GM.
Peters says his sources say to expect major changes to the organization before end of season.
Wonder what? Minority owner, Front Office shuffle
Look for Rick to be named President of Hockey Ops once he's housebroken. The Pegulas have really been impressed with how he keeps his eye on the ball and cuts to the chase. He's able to chew through problems that would baffle Jason Botterill for months.View attachment 498995
I laughed, but a bit more seriously...Luckily Rick has been placed in his permanent home now with a veteran suffering with PTSD. Good luck good boy!Look for Rick to be named President of Hockey Ops once he's housebroken. The Pegulas have really been impressed with how he keeps his eye on the ball and cuts to the chase. He's able to chew through problems that would baffle Jason Botterill for months.View attachment 498995
They can't really sell the team. With pandemic uncertainty, they'll be lucky to find a qualified buyer.My guess is they are selling.
The Pens just sold to FSG.They can't really sell the team. With pandemic uncertainty, they'll be lucky to find a qualified buyer.
I'm going with:
Re-arranging the deck chairs on the Titanic? Nope. This will be meaningful. Here's my reasoning:
- Terry Pegula to relinquish CEO title and remain on in the org structure solely as Owner
- Kim Pegula to move into the Owner/CEO title
- Kevyn Adams to Team President/President of Hockey Operations
- Jason Karmanos to GM
- Mark Jakubowski to whatever the equivalent title to GM that would put him in charge of the business side including contracts
- Don Granato stays on as Head Coach
Fever dream? Too much time in quarantine? Has my current bout with Covid affected my brain? Perhaps. But I have say that in the five minutes it took me to think this up, I'm okay with it.
- Terry Pegula, for all his apparent tone deaf moves like laying off everyone and firing most of the scouting staff during the pandemic loves hockey and the Sabres. I think that he realizes - for clearly evident reasons like attendance - that the community has reached the end of their rope. I think he'd rather play the role of loved and/or appreciated team owner and benefactor/investor in the Buffalo community than hated/despised owner who destroyed community support for the very team he purchased because he loved the Sabres so much
- I believe that he and Kevyn Adams have formed a relationship at the foundation of which is trust. I think the moves that Adams have made, his developmental philosophy, his cap management this year all show Terry that Adams is the guy they need to run the hockey team. I think that his ability to hire Karmanos and the whole analytics department are evidence of this. I also think that Jim Rutherford in Vancouver and the relationship with Karmanos and a potential GM job there also factor in.
- I think that Adams will be given full authority over the hockey operations and that Kim's role as CEO will be more for guidance and as a figurehead for the family being in control than an impactful day to day role.
Edit - looks like Chain said in one sentence what took me a novel to say and beat me to the punch
PE firms have no input into operations, per the league guidelines.
Not the smartest thing to say there, Kim.
Not the smartest thing to say there, Kim.
Kim is a great fit for the diversity panel. She single handedly slayed the stereotype that all Asians are really smart.Woof.
Granted, they've managed to kill attendance and television viewership of the Sabres. Eventually there will be none of us left.