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.”
Jul 30, 2015, 3:00 PM EDT
Along with Yao Ming.
Jul 30, 2015, 2:01 PM EDT
“Nobody benefits from a short-term deal like this, in particular, our hockey department.”
Jul 30, 2015, 1:15 PM EDT
Vancouver wasting little time locking up the target of Tuesday’s trade.
Jul 30, 2015, 12:50 PM EDT
Boston could use some depth on its back end.
Jul 30, 2015, 11:50 AM EDT
Hearing is scheduled for Friday at 9 a.m. ET.
Jul 30, 2015, 10:50 AM EDT
Alleged incident involved a female victim.
Jul 30, 2015, 9:50 AM EDT
As opposed to just his skill.
Jul 30, 2015, 9:00 AM EDT
The former general manager “wasn’t prepared to make the changes that needed to be made.”
Jul 30, 2015, 8:00 AM EDT
Thursday’s collection of links.
Jul 29, 2015, 10:40 PM EDT
He played in 502 games, primarily with the Toronto Maple Leafs.
Jul 29, 2015, 9:12 PM EDT
The 24-year-old gives agreed to an entry-level deal.
Jul 29, 2015, 7:49 PM EDT
Will he live up to his next contract?
Jul 29, 2015, 6:27 PM EDT
“It really wasn’t about Dainius himself.”
Jul 29, 2015, 4:57 PM EDT
His collection can be had for $5.7 million.
Jul 29, 2015, 3:31 PM EDT
The contest will air on Dec. 31 while the Classic itself is scheduled for 1:00 p.m. ET on Jan. 1.
Jul 29, 2015, 2:28 PM EDT
Staying healthy would help, too.
Jul 29, 2015, 1:22 PM EDT
The Seal Beach Detention Center isn’t exactly Shawshank.
Jul 29, 2015, 1:03 PM EDT
“I relaxed down there and came back with the same attitude and everything kind of took care of itself.”
Jul 29, 2015, 12:34 PM EDT
Veteran forward had just four goals and six assists in 74 games last season.
Jul 29, 2015, 11:58 AM EDT
“So hopefully it’s nothing that keeps coming back.”
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