Jan 30, 2013, 2:35 PM EDT
The San Jose Sharks announced today that majority owner Hasso Plattner has purchased the shares in the organization formerly held by investors Kevin Compton and Stratton Sclavos.
The change in ownership structure will not affect the team’s day-to-day operations, according to Plattner.
“While this change does affect the individual structure of our ownership group, it does not change the organization’s primary goal which is to build a team that is capable of winning a Stanley Cup each and every season,” said Plattner in a release. “The team’s day-to-day operations will not be affected. All current Executive Team members will remain in place with Doug Wilson continuing to oversee all hockey operations and Malcolm Bordelon operating the business side of the organization.”
In August, the Sharks claimed they lost $15 million last season despite selling out every home game.
Prior to selling their shares, Compton and Sclavos had been the most prominent members of the ownership group. However, the Sharks say that Plattner, the billionaire co-founder of software giant SAP AP, has been the organization’s majority owner since 2010.
Compton and Sclavos released the following joint statement today:
“It’s been a great 11 years being involved with the San Jose Sharks and the NHL but we feel this is the right time for us to step away and focus on other avenues. Although we are no longer involved with the ownership group of the organization, we remain among the team’s biggest fans and will continue to be ardent supporters of the franchise. We want to thank all Sharks fans for their years of unbridled passion and continued support of the team.”
- WATCH LIVE: Lightning at Rangers, Eastern Conference Final Game 7 6
- The Ducks got Kesler for a game like Saturday’s 30
- Your Lightning-Rangers Game 7 officials are… 1
- Duchene slams Russian players for storming off after Canada’s 2015 WHC win 53
- DeBoer predicts ‘big bounce-back’ in San Jose 12
- Sabres name Bylsma head coach 46
- Lundqvist on Game 7: ‘You’re definitely nervous, but it comes down to teamwork’ 18
- Report: Bylsma to Sabres being held up by compensation issue 56
- Stanley Cup Final to begin June 3 10
- Caps’ Backstrom undergoes arthroscopic hip surgery 6
- Kesler on wearing down Chicago: ‘No human can withstand that many hits’ (77)
- From healthy scratch to hero: Vermette scores OT winner for Blackhawks (66)
- Report: Bylsma to Sabres being held up by compensation issue (56)
- On Kreider, and trying ‘to turn the other cheek’ (54)
- Duchene slams Russian players for storming off after Canada’s 2015 WHC win (53)