Brampton Beast Hockey Club Officially Up For Sale
Published July 23, 2017 at 8:51 pm
The Brampton Beast Hockey Club has been on a roll in their three seasons as the only Canadian team in the ECHL, and now, it’s looking for local investors.
The Brampton Beast Hockey Club has been on a roll in their three seasons as the only Canadian team in the ECHL, and now, it’s looking for local investors.
The Beast announced last week that Tina Larsen, owner of the Brampton steel company PCMF and Vice-Chair of Trade on the Brrampton Board of Trade, and Cary Kaplan, the president of the Brampton Beast, are looking for investors to purchase 49 per cent of the Beast Hockey Club.
Gregg Rosen, the team’s Kingston-based owner, will keep his majority ownership, however, he has committed to selling a minority ownership or up to 49 per cent to local investors.
Larsen and Caplan are working to form a group of Greater Toronto and Hamilton Area (GTHA) based investors to invest in ownership of the team.
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While several potential investors had stepped up prior to last week, the initiative has officially gone public. According to Larsen and Caplan, they want to find the “right” group to take ownership, alluding to the need for investors who are passionate about the team.
The duo has confirmed that preference will be given to leaders in Brampton and Peel Region, opting for local buyers, and that there’s already significant interest in the sale.
They’ve offered a timeline of a few weeks for investors to be chosen.
As the Montreal Canadiens (NHL) affiliate, the Beast is the only professional hockey team in the GTHA aside from MLSE. The team has highlighted that it’s just completed its most successful season to date in terms of on-ice success and game attendance.
Anyone interested should email Caplan directly at carykaplan[at]gmail.com.
So, if you’ve ever wanted to buy the Beast, now’s your chance!
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