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Sports Properties Reportedly Set To Buy NHL Panthers, Assets
Published June 3, 2009
|SPAC Agrees To Purchase Panthers,
But Nothing Signed Or Definite
WELCOME TO MIAMI? In Miami, Greg Cote writes under the header, "Panthers' Pending Sale Proves It's A Buyer's Market." The Panthers have not qualified for the playoffs since '00, so "what is not to like about an ownership change?" But Cote notes it is "so fitting of this franchise to sell itself to a brand new consortium with no local ties, a group that sounds like it will operate the team with minimal investment until which time it can flip the commodity for profit." Does SPAC "sound like a group that will immerse itself in South Florida, pour huge bucks and commitment into the team and be here long-term?" Regardless, it is "hard to think of this change as bad" (MIAMI HERALD, 6/3).