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Comcast-Spectacor Sells AHL Phantoms To Brooks Group
Published February 5, 2009
SKATING AWAY: Comcast-Spectacor President & COO Peter Luukko said of the sale, "Emotionally, it's disappointing, but we have to make good, viable business decisions. Every business venture has a viable lifespan and (the team) was becoming less and less viable, and over the next 10 years it was going to require millions of dollars to operate." In Philadelphia, Ed Moran notes the move was "prompted by the planned development of the Wachovia Center area into a shopping and entertainment complex." Luukko said that the team "needed a new home and the immediate Philadelphia, Trenton or Atlantic City area just wouldn't work" (PHILADELPHIA DAILY NEWS, 2/5).