Atlanta Thrashers Will Likely Be Sold For $110 Million

For 110.00 million you can be a proud owner of an NHL franchise…

blogs.forbes.com --- The group that owns the Atlanta Thrashers is looking for $110 million for the NHL club from investors that include former Atlanta Braves pitcher Tom Glavine.

We valued the money-losing Thrashers at $135 million in December. The Thrashers have made the playoffs only once in their 11 seasons and averaged just 13,403 at Philips Arena this past season, 27th in the league. The attraction for a buyer is that the NBA’s Hawks, who share Philips Arena with the Thrashers, are responsible for the arena’s bond payments. The hockey team is debt-free and under the terms currently being discussed would pay a flat rent that would net the team about $7 million in non-ticket revenue while the owners of the basketball team ran the arena.