Friday, August 24, 2007

NHLers buy Blazers

The Kamloops Blazers Sports Society’s membership voted 151-43 Thursday night to sell its WHL franchise to River City Hockey Inc. (RCH), a group that is led by Vancouver businessman Tom Gaglardi and includes ex-Blazers players Shane Doan, Jarome Iginla, Mark Recchi and Darryl Sydor.

The purchase price will be around $7 million, the highest price — by $3 million — ever paid for a WHL franchise and the second-highest price ever paid for a major junior team. The OHL’s Mississauga IceDogs sold for a reported $9.2 million last summer.
This is the first time the team has been privatized in 23 years.

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3 Comments:

At 12:43 AM, August 25, 2007, Anonymous Anonymous said...

7 million for a WHL team? Wow that seems like a lot. 7 mil is the low end of a Triple A baseball franchise, and I bet its worth more than an AHL franchise would be (do any of them make money?).

 
At 6:41 PM, August 25, 2007, Blogger Andy Grabia said...

This is the first time the team has been privatized in 23 years.

The government owned this team?

 
At 7:37 PM, August 31, 2007, Anonymous Anonymous said...

No, the team was publicly owned.

 

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