Skip to content

Billionaire Sharks majority owner buys shares of investors Compton and Sclavos

Jan 30, 2013, 2:35 PM EST

Hasso Plattner Getty Images

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.”

Latest Posts
  1. Panthers clear captain Mitchell, put Montoya on IR

    Mar 5, 2015, 11:29 AM EST

    Florida Panthers v Calgary Flames Getty Images

    Florida takes on Dallas tonight as the fight for the playoffs continues.

  2. Capitals call up Burakovsky

    Mar 5, 2015, 9:46 AM EST

    Andre Burakovsky AP

    May not be a good sign regarding Michael Latta.

  3. Rangers take the positives out of OT loss to Red Wings

    Mar 5, 2015, 1:04 AM EST

    Cam Talbot AP

    Fighting for tops in the Metropolitan Division.

  4. Video: Hammond, Senators win again

    Mar 5, 2015, 12:19 AM EST

    Ottawa Senators v Winnipeg Jets Getty Images

    What a roll he and the Sens are on.

  5. Video: Iginla reaches 20-goal mark for 16th time in NHL career

    Mar 4, 2015, 11:36 PM EST

    Ottawa Senators v Colorado Avalanche Ottawa Senators v Colorado Avalanche

    He’s been consistently putting the puck in the net at the NHL level since 1996.

  6. Video: Zidlicky’s first goal with Detroit gives Red Wings OT win over Rangers

    Mar 4, 2015, 11:06 PM EST

    Marek Zidlicky, Jesper Fast AP

    What better way to make an impression on new teammates.

  7. Video: Byfuglien leaves game with upper-body injury

    Mar 4, 2015, 9:49 PM EST

    Dustin Byfuglien Getty

    Big Buff out could be a Big Loss for Winnipeg.

  8. Isles’ Martin suspended one game for ‘reckless’ knee on Daley

    Mar 4, 2015, 8:26 PM EST

    MartinDaley

    Also, for causing “significant injury.”

  9. NHL GMs to address emergency goalie rule following Florida incident

    Mar 4, 2015, 6:50 PM EST

    Roberto Luongo, Al Montoya Getty Images

    “It’s definitely an issue that needs a collective focus from our managers and the league in terms of how to deal with it.”

  10. Julien talks up Bergeron as next Bruins captain

    Mar 4, 2015, 6:18 PM EST

    patricebergerongetty Getty Images

    “It’s probably undeniable that down the road when [Chara] is done with his career, if Bergeron is here it would be pretty hard to not make him the next captain.”

  11. Get your game notes: Rangers at Wings, Rivalry Night

    Mar 4, 2015, 5:30 PM EST

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznptyzogi1mdrmnjbmndc0odgwmzmyyzm5mmi3zdzjodlj AP

    An Original Six matchup at the Joe.

  12. Season over? Clarkson out 4-6 weeks with torn oblique muscle

    Mar 4, 2015, 4:43 PM EST

    New Jersey Devils v Columbus Blue Jackets Getty Images

    Has appeared in just three games for the Blue Jackets since being traded from Toronto.

  13. TVR to play this weekend for Rockford (AHL)

    Mar 4, 2015, 4:13 PM EST

    Trevor van Riemsdyk Getty Images

    ‘Hawks are hoping he can “recapture” his early-season form.

Featured video

Reactions from NHL trade deadline
Top 10 NHL Player Searches
  1. K. Okposo (2905)
  2. H. Lundqvist (2867)
  3. M. Giordano (2764)
  4. F. Andersen (2714)
  5. T. Seguin (2542)
  1. H. Zetterberg (2441)
  2. N. Horton (2368)
  3. T. Hall (2134)
  4. D. Clarkson (1954)
  5. P. Sharp (1942)