Private Equity Firms are now allowed to buy into NHL Teams

[steveoath]

22 hours ago, Zamboni said:

Does any other major pro sport allow this? And if so, how are those partnerships holding up?

Football over here in euroland has private investment on the rise. Not sure what the long term effects will be though.  

https://theconversation.com/football-in-europe-is-being-transformed-by-us-private-equity-firms-heres-how-157445

[IKnowPhysics]

Devils advocate, only because the longer term effects are unknown: professional sports franchise values have tracked better than most index funds over the past decades, and allowing passive investors to cash in on rising franchise values in professional sports while giving cash-strapped majority owners financial flexibility to maintain expensive operations during revenue-tight covid years is a win-win-win-win for majority owners, passive minority investors, the continuity of the on-ice product, and the value for the fans of the franchises.

It's ok to not give a ***** about anything but the on-ice results, but from an owner's perspective, it's likely beneficial to have increased financial flexibility and what will probably end up being an overall increase in franchise values that stems from the increased liquidity of a formerly restricted market.  Now that a new market has emerged for minority ownership, the demand for minority shares could float the overall franchise values, including the majority shares.