Florida Panthers owners close to US$240 million sale

The Florida Panthers ice hockey team will be sold for US$240 million after league approval is secured, according to an insider.

The Florida Panthers ice hockey team will be sold for US$240 million after league approval is secured, according to an insider.

American press reports that a deal has been agreed between Sports Properties Acquisition Corp (SPAC) and the franchise's current owners, Alan Cohen and former NFL player Bernie Kosar, that will see the company buy the NHL team and all its facilities, as well as land surrounding its stadium.

Sports Properties management includes Tony Tavares, former president of the Washington Nationals and previously chief executive of Disney Sports Enterprises.

If the reports are accurate, the deal will still require approval from 75 per cent of the NHL's 30 owners before it can be completed.