In a move that could send shockwaves through the sports finance world, the Tampa Bay Lightning is reportedly being sold to an ownership group led by Doug Ostrover, co-founder and CEO of Blue Owl Capital, for a staggering $2 billion.
This valuation would not only shatter the previous record for an NHL team sale but also redefine the landscape of professional sports ownership.
The sale, expected to be finalized in the coming weeks, would surpass the previous record held by the Toronto Maple Leafs, who sold for $1.15 billion in 2011.
This monumental deal would cement the Lightning’s status as one of the most valuable franchises in the NHL.
As investors eagerly await the official announcement, two stocks are poised to benefit from the record-breaking sale:
1. *Blue Owl Capital (OWL)*: As the lead investor in the ownership group, Blue Owl Capital’s stock is likely to surge in response to the high-profile acquisition.
With a proven track record of successful investments, OWL is well-positioned to capitalize on the growing demand for sports ownership.
2. *Madison Square Garden Sports Corp. (MSGS)*: As the owner of the New York Rangers, MSGS stands to benefit from the revaluation of NHL teams.
With the Lightning sale setting a new benchmark, MSGS may see increased investor interest and a potential boost in stock value.
As the sports finance world watches with bated breath, one thing is clear:the Tampa Bay Lightning sale is set to electrify NHL team valuations and send ripples through the investment community.