Rumor: The Jacobs Famly (Delaware North) wants to buy the Sabres but it gets complcated

[slip]

Fenway Sports Group looking to expand Penguins ownership group: Sources

FSG, which owns several other properties, including the Boston Red Sox and Liverpool FC, plans to maintain controlling interest of Penguins.

www.nytimes.com

This seems to indicate that FSG is not looking to shed the Pens.

Bottom line is FSG is courting outside investors for their Penguins franchise. Maybe they sell a piece, or maybe they sell then entire thing.

 

[Jim Bob]

Bottom line is FSG is courting outside investors for their Penguins franchise. Maybe they sell a piece, or maybe they sell then entire thing.

The article says that they plan to maintain controlling interest of the Pens.

This is similar to the Pegulas selling a minority stake in the Bills as a short term cash grab. Lots of pro sports owners are doing this without selling a controlling interest in the club.

So, this is just another reason why I'm not buying the copium that Pegula sells the Sabres.

 

[May Day 10]

 

[Fenway]

So, this is just another reason why I'm not buying the copium that Pegula sells the Sabres.

I can tell you that Pegula is talking to FSG about NESN taking over from MSG for TV.

 

[joshjull]

Bottom line is FSG is courting outside investors for their Penguins franchise. Maybe they sell a piece, or maybe they sell then entire thing.

Sounds similar to what Pegula did with the Bills. Get a big injection of money from selling a percentage of the team. Yet keep control

 

[slip]

Sounds similar to what Pegula did with the Bills. Get a big injection of money from selling a percentage of the team. Yet keep control

Perhaps the long game here for FSG is get a minority owner lined up for the Penguins to get immediate cash to deploy in their Celtics bid, but then perhaps look to sell entire team to minority owner in order to make an aggressive move to force the Jacobs family to sell Bruins and, by extension, get Deleware North to sell TD Garden, by using the threat of building another arena to house the Celtics as leverage. Maybe grant long term concession rights to DN for the Garden. There is also the NESN minority stake DN has as another deal variable.

With Pegula in talks with NESN already as Fenway states there is definitely communication between all the parties he mentioned in his original post. Sometimes deals emerge as talks progress. Still holding out hope for a Jacobs family intervention.

 

[Beerz]

I can tell you that Pegula is talking to FSG about NESN taking over from MSG for TV.

That sounds like a pain in the ass for Sabre fans to find NESN

 

[May Day 10]

So the Jacobs family will own the Sabres, Fenway Group the Bruins, and Pegula the Penguins.

Penguins will be on NESN, Bruins will be on MSG, and the Jacobs family is going to re-launch the Empire Sports Network

 

[MOGlLNY]

I can tell you that Pegula is talking to FSG about NESN taking over from MSG for TV.

wut

 

[ValJamesDuex]

The building in the background is Delaware North Headquarters...

 

[Chainshot]

Maybe he really likes the art deco style of the Calumet building which is on the right past Prima Pizza and Pasta? Given the size of his forehead in his tweets, it might be an architectural thing.

 

[Revelate]

While I find this entire scenario highly unlikely, the one thing that gives me pause (in addition to that Weekes tweet) is the salary cap projections that came out. We clearly have no interest in spending to the cap as it exists now. Combine that with the franchise generally being run like a private equity portfolio company and I can talk myself into a sale being possible.

 

[Jim Bob]

Maybe he really likes the art deco style of the Calumet building which is on the right past Prima Pizza and Pasta? Given the size of his forehead in his tweets, it might be an architectural thing.

Maybe the red lights mean that a player used trade protection to block a trade to Buffalo?

 

[Nogatco Rd]

It looks like that rule to allow cross-ownership came in in 2018, but it does limit it to the home market or a market without an NFL team. I haven't seen that that has changed yet.

AFAIK Josh Harris owns a majority stake in the Washington Commanders, Philadelphia 76ers, and NJ Devils

 

[Jim Bob]

AFAIK Josh Harris owns a majority stake in the Washington Commanders, Philadelphia 76ers, and NJ Devils

Harris is the "managing partner" for the Sixers and Devils.

Harris Blitzer Sports & Entertainment technically own the Sixers and Devils and Harris co-owns HBSE with David Blitzer.

My guess is that is how he got around it when purchasing the Commanders.