New ownership for the San Jose Sharks
Sharks owner George Gund III sold a majority share of the team to a group including Stratton Sclavos [Verisign], Tom McEnery [former mayor], Kevin Compton [Kleiner Perkins], Greg Reyes [Brocade], Gary Valenzuela [past Yahoo CFO], and Harvey Armstrong [MyCFO].
From the official press release:
"Today long-time owner and life-long hockey enthusiast George Gund III transferred his ownership in the Sharks, Silicon Valley Sports & Entertainment (SVS&E), LLC, and Compaq Center Management to a local investment group known as San Jose Sports & Entertainment Enterprises (SJSEE)."
Scott McNealy was not on the list of new investors.
San Jose Sharks sold New local investors not expected to move hockey team by SF Gate
New Sharks owners will keep franchise in San Jose by Barry Witt
Ownership tech titans, but not valley's top stars by Peter Delevett
Sharks players to wait and see by Victor Chi
Counting on continuity by David Pollak
Past comments on Sharkspage:
Forbes - Financial state of the NHL "Forbes magazine describes the financial state of the NHL for the 1999-2000 season. The San Jose Sharks franchise ranked 13th, with a value of $141,000,000."
[email from Jen] - SJ Sharks ownership question
Win ties franchise record for Nabokov
With 26 saves in a 4-2 win over Chicago, Evgeni Nabokov is now tied with Arturs Irbe for the greatest goalie of all-time [in San Jose].
Career win #58 will put him on top.
Sharks turn aside Calgary
Evgeni Nabokov turns aside 14 Calgary 3rd period shots en route to a 2-0 San Jose win.
Shark Notes- Trade Rumor: Selanne to NYR??
- SJ prospects Marcel Goc [C] & Christian Ehrhoff [D] have been selected to the German olympic team. Germany plays Slovakia, Austria and Latvia in the preliminary round.
- SJ recalled Jeff Jillson on Tuesday. Jeff was a healthy scratch against the Flames due to Marcus Ragnarsson's return from a broken finger.
- After the votestuffing scandal in SJ, Damphousse and Selanne combined for 5 points during the allstar game.
- Evgeni Nabokov was ruled ineligible for the Russian olympic team due to his earlier stint with Kazakhstan.
Sharks still for sale?Red Fisher reminds Sharks fans that the team is still looking for investors.
The $15 million dollar loss estimate for this season looks a little Enron-ish to me.
Are concessions included in this estimate, merchandice sales, the arena naming rights?