Jeremy Jacobs plans to sell Bruins

by Stanley Cup of Chowder on Apr 1, 2009 4:39 PM EDT Comment 3 comments

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According to a source close to the team, Bruins owner Jeremy Jacobs is planning on selling the team in the off season. Jacobs plans to purchase an ownership stake in his hometown Buffalo Bills. Jacobs recently met with a group of New England investors led by automotive mogul Ernie Boch Jr. to discuss selling his majority ownership of the Bruins to Boch's group of investors. Negotiations are ongoing and there is no word on whether or not Jacobs' Delaware North Companies would retain ownership of the TD Banknorth Garden. Jeremy Jacobs purchased the Bruins in 1975 for $10 million. According to Forbes, the Boston Bruins franchise is currently worth an estimated $263 million. There has been no word on how much the proposed deal is worth.

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HAHAHA

That one was just believable enough to get people going.

Pension Plan Puppets: A Toronto Maple Leafs blog and a group therapy session.

by PPP on Apr 1, 2009 5:00 PM EDT reply actions 0 recs

According to sources

Charles Wang is “very interested” in outbidding Boch for the B’s. His bid is “contingent on a tax maneuver” to dispose of the Islanders, perhaps through a tax-deductible donation to Computer Associates shareholders.

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by Dominik on Apr 1, 2009 5:08 PM EDT reply actions 0 recs