• Loading stock data...
Wednesday, July 17, 2024
Join us this September for Tuned In Request to Attend

Predators’ Sale Will Reportedly Value NHL Club at $775M

  • The deal would be the second-largest sale for an NHL franchise.
  • Forbes valued the Predators at $600 million in 2021.
Christopher Hanewinckel-USA TODAY Sports

The Nashville Predators will reportedly be worth roughly $775 million on the completion of the team’s sale to former Tennessee governor Bill Haslam by the end of 2025.

In June, Haslam agreed to purchase the NHL franchise from Predators Holdings, a consortium of 17 owners that purchased the team for $175 million in 2007.

  • Forbes valued the Predators at $600 million in 2021 — a 38% increase from the year prior.
  • Haslam — who has an estimated net worth of $2.6 billion — will acquire majority ownership by purchasing shares held by Predators Holdings’ current principal, healthcare entrepreneur Herbert Fritch, and others.
  • His brother, Jimmy Haslam, is the owner of the NFL’s Cleveland Browns.

Haslam’s Predators purchase will be the second-largest sale for an NHL franchise. It comes after Fenway Sports Group’s deal to buy the Pittsburgh Penguins from billionaire Ron Burkle and former Penguins center Mario Lemieux for $900 million in 2021.

FSG also owns MLB’s Boston Red Sox and the Premier League’s Liverpool FC.

On The Rise 

NHL commissioner Gary Bettman said the league could see its salary cap rise by $4 million for the 2023-24 season, depending on revenue and the ability to pay off roughly $1 billion in debt.

The NHL generated around $5.4 billion in hockey-related revenue last season. This season the cap saw a $1 million year-over-year increase and the first uptick in three years.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

MLB’s Newest Power Couple: Skenes, Dunne Make Waves Beyond Diamond

The star Pirates rookie and his NIL influencer girlfriend turn heads at MLB’s All-Star Game.

Record Soccer Viewership in U.S. Despite Copa América’s Finish

The Euro 2024 final was Fox’s most-watched non–World Cup soccer broadcast ever.
Jul 4, 2024; Bronx, New York, USA; New York Yankees right fielder Juan Soto (22) reacts after hitting a two run home run in the seventh inning against the Cincinnati Reds at Yankee Stadium.

The $500 Million Juan Soto Question Lingers at MLB’s All-Star Game

Yankees superstar could attract second-largest player contract in U.S. team sports history.
podcast thumbnail mobile
Front Office Sports Today

A First Hand Report of the Copa America Chaos

0:00

Featured Today

Jan 7, 2024; Nashville, Tennessee, USA; Jacksonville Jaguars wide receiver Calvin Ridley (0) reacts after scoring a touchdown against the Tennessee Titans during the first half at Nissan Stadium.
July 14, 2024

Without Hard-Line Bans, Pro Athletes and Personnel Will Keep Betting on Sports

Penalties often aren’t stringent or consistent enough to deter banned behavior.
Oct 2, 2021; Miami Gardens, FL, USA; NFL commissioner Roger Goddell speaks during the Don Shula Celebration of Life at Hard Rock Stadium.
July 13, 2024

The NFL Is Confident It Can Overturn the Sunday Ticket Verdict

The league may have good reason to believe it can win.
July 8, 2024

NFLPA Report Cards Have Become the ‘Talk of the Locker Room’ Across..

NFLPA report cards have become the ‘talk of the locker room.’

Angel City FC Sale Official at Record $250 Million Valuation

Disney CEO Bob Iger and wife Willow Bay now control the club.
July 1, 2024

Bobby Bonilla Day: A Look at MLB’s Top Deferral Deals and Ohtani’s Pact

Well beyond Bobby Bonilla, many current and former MLB stars have their own lucrative deferrals.
July 2, 2024

NBA and NHL Free Agency: Billions in New Deals Despite Economic Unrest

Rising revenues and salary caps are helping fuel a run of historic contracts.
Sponsored

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
June 24, 2024

Tiger’s Golf League Hits $500 Million Valuation Before First Swing

TGL will begin play in January 2025.
June 13, 2024

The ‘Big’ in Big 12 Could Soon Be Replaced With a Sponsor’s Name

Allstate is said to be in discussions about a deal with the Big 12.
June 13, 2024

Everything You Need to Know About the Schism Rocking Competitive Eating

The business story about hot dogs that you never knew you needed.
June 12, 2024

Saudi Arabia’s Next Big Sports Target: Boxing, With Joint Venture Worth $5B

The Public Investment Fund of Saudi Arabia is focusing on boxing as its next large-scale sports target.