On the day that LaLiga clubs have approved CVC's entry into their business, the NHL has done the same with its franchises. The board of ow
On the day that LaLiga clubs have approved CVC’s entry into their business, the NHL has done the same with its franchises. The board of owners has approved by majority the entry of funds into the capital of their teams, a measure that has already been approved in the last two years by the NBA, MLB and MLS, according to Sportico.
The measure will be similar to the one that has been approved in these three leagues. The same fund may not have more than 20% of the capital of a franchise. On the other hand, the team may not place more than 30% of its capital between the funds, as in the MLB and the NBA, but different from the MLS, which does not have this second rule.
In third place, the minimum investment to acquire a stake in an NHL franchise will be $ 20 million, just like in MLS. The median value of franchises in 2021 is estimated to be $ 934 million, on a list led by the Toronto Maple Leafs, whose valuation is $ 2 billion, below the average in the NBA, NFL and MLB.
At the same meeting, the sale of the Pittsburgh Penguins to the Fenway Sports Group for 845 million dollars (746 million euros) was officially approved. Current owners Ron Burkle and Mario Lemieux will continue in the franchise as minority partners.