The Tampa Bay Lightning and Minnesota Wild are poised to sell minority stakes to Arctos Sports Partners, the Texas-based sports investment fund, after the National Hockey League loosened its ownership rules to allow for institutional investors.
According to the Financial Times, sales of minority stakes in the Lightning and the Minnesota Wild were discussed at the NHL Board of Governors meeting in South Florida on December 9, alongside the approval for Fenway Sports Group to take majority control of the Pittsburgh Penguins.
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