Tampa Bay Lightning to sell minority stake at $1.4B valuation
June 16, 2023 -
Arctos Sports Partners, a Dallas-based private equity firm that invests in shares of sports franchises, is in the process of buying a minority ownership stake in the Tampa Bay Lightning in a transaction valuing the team at $1.4 billion, according to a report from Sportico. Arctos is an existing minority investor. Arctos will need a waiver from the National Hockey League to proceed with the purchase.