Where Would The NHL Be If Bain Capital Had Bought The Whole League In 2005?

[Sophiegirl]

http://deadspin.com/5939623/where-would-the-nhl-be-if-bain-capital-had-bought-the-whole-league-in-2005?utm_source=jezebel.com&utm_medium=recirculation&utm_campaign=recirculation

I thought this was a joke...looking for the punchline, until I kept reading. If this is old news, my apologies for the re-post.

It was March 2005, and the NHL's owners didn't know what to do. It had been six months since they'd locked out the players' union, trying to force concessions, but the players were still refusing to bear the brunt of spending cuts. Two weeks earlier, the league had finally canceled the already-delayed season. No money was coming in, and none would be. For the first time since the Spanish Flu epidemic of 1919, no Stanley Cup would be awarded.

Now commissioner Gary Bettman told the owners that their meeting would have a visitor, from outside, who had something to say to them. The visitor came in with a number and a proposal: For $3.5 billion, he said, he was willing to purchase every single team in the league. His company, Bain Capital, wanted to buy the entire NHL.

I would love to see a list of companies that Bain controls, past and present. Anybody have one?

[scheming daemons]

1. China?

[2on2u]

2. They'd probably be eating a lot of rice. n/t

[vercetti2021]

3. Then...

The CHL would have been formed. China Hockey League.

[petabeta392]

4. Anartica

So they don't have to pay to cool the ice Antarctica, jokes would be on them though since that will all be gone soon! Zing!

[former9thward]

5. I don't know about 2005 but where is the NHL now?

Last I looked they aren't playing hockey anymore.

[Sophiegirl]

6. Hmmmmm

Suspiciousness abounds.

[former9thward]

7. Hmmmmmmmm. Don't be coy.

Post what you think. This is a discussion board.

[Sophiegirl]

8. Not being coy.

It just wouldn't surprise me to see the same shenanigans going on right now.

[former9thward]

11. Maybe so.

I don't have any idea what the finances of the NHL are.

[LTR]

9. In a Bain-owned league...

All teams collectively owned by the main entity. All revenues are pooled together. And superstar players would not get superstar contracts.

Sounds like... socialism.

[Angry Dragon]

10. and then it would have come under the anti-trust laws