The British Columbia Hockey League’s (BCHL) Powell River Kings are up for sale.
The team announced the decision on Feb. 26, with the process being led by Cosmos Sports and Entertainment, a marketing firm which specializes in franchise sales and sports investment strategy.
President of Cosmos Sports Cary Kaplan said this is a rare opportunity to acquire a team in a market that genuinely cares about its team.
“With strong leadership and proper investment, there is significant potential to strengthen operations, grow partnerships and build long-term stability.”
The franchise has been in Powell River since 1988 and rebranded to the Kings name in 1998.
The club was seeking immediate support earlier this season after a projected shortfall of more than $200,000 due to rising costs, declining revenue and volunteer fatigue.
Franchise builder Joe Mastrodonato said when they brought the team to Powell River, the goal was to give something the community could rally around and be proud of.
“Now it’s time for the next group of leaders to step forward, bring fresh energy, resources, and with strong leadership, Powell River has the potential to become the premier franchise within the British Columbia Hockey League.”
Expressions of interest are being invited from qualified individuals, business leaders, community ownership groups and investment partners.
Interested parties are being asked to contact Cosmos Sports at kings@cosmossports.com.
