The NHL has announced that it is looking to sell its IT assets management solutions business to a private equity firm.
The NHL said Wednesday that it intends to sell all its IT operations to a “high-quality private equity company that will be focused on developing and selling high-quality, value-added IT assets.”
The NHL’s IT assets business, which was created in 2011, was spun off from the NHL’s Hockey Operations and is managed by the league’s executive vice president and chief operating officer, Brian Burke.
The league, which owns the NHL Network and NHL Radio, will retain ownership of the NHL.
Burke will continue as president of hockey operations.
The announcement comes amid growing pressure on the NHL to sell off its assets, with several players reportedly considering retirement, and the NHL also announcing it would no longer be able to sell tickets to games.
The NHL said Tuesday that the NHL would not be able, as of Tuesday night, to sell season tickets.
The sale comes as the NHL has struggled to find its footing financially and in the market, with the league struggling to attract new fans and generate revenue.
The league is still trying to grow its business with a $1 billion television deal with Fox Sports and a $500 million agreement with ESPN.