CCM sold for record $570 million in terrible news for hockey fans
Reports are buzzing that CCM, the iconic hockey brand, has been sold for over $570 million, which likely means higher prices for gear in the near future.
CCM's private equity owner is just about to close the deal on selling the company. This sale will set a new record for the brand, with the price tag expected to exceed $570 million-Birch Hill Equity Partners, who bought CCM from Adidas for $110 million seven years ago, and has seen the brand grow into one of the biggest names in hockey.
The company recently celebrated its 125th anniversary, which included appearances from new Maple Leafs captain Auston Matthews, Pittsburgh Penguins superstar Sidney Crosby and Edmonton Oilers cornerstone Connor Mcdavid.
Yet this news isn't sitting well with hockey fans and players who rely on CCM gear. The new ownership could lead to significant price hikes on all of CCM's products. It may effect NHL season ticket holders where team owners could feel the pinch and start raising ticket prices to cover the increased cost of equipment.
It's going to be interesting to watch how this unfolds in the coming months.
Source: House of Hockey
Hockey brand CCM sold: Awful news for hockey players around the world
Hockey brand CCM sold: Awful news for hockey players around the world
| POLL | ||
AOUT 22 | 27 ANSWERS CCM sold for record $570 million in terrible news for hockey fans How do you feel about the sale of CCM for $570 million? | ||
| Excited about the potential changes | 9 | 33.3 % |
| Worried about rising equipment prices | 18 | 66.7 % |
| List of polls | ||