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Sharks majority owner buys out investors to take bigger role with team

Wednesday, 01.30.2013 / 2:15 PM / News

The Canadian Press

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Sharks majority owner buys out investors to take bigger role with team

SAN JOSE, Calif. - San Jose Sharks majority owner Hasso Plattner has purchased the shares formerly held by investors Kevin Compton and Stratton Sclavos and will now serve as the team's representative on the NHL's Board of Governors.

The Sharks announced the change on Wednesday.

Plattner says there will be no changes to the day-to-day operations with general manager Doug Wilson overseeing the hockey operations and Malcolm Bordelon in charge of the business side.

Plattner has been part of the ownership group since 2002 and has been the majority owner since 2010. He founded software maker SAP AG and has been chairman of the supervisory board and chief software adviser since retiring as CEO in 2003.

Quote of the Day

Your team is going to want to recapture the feeling. What they're going to have to figure out is they're going to have to rewrite the story. Because you're going to rewrite the story doesn't mean you want a different end. It's just that you're going to have to learn that there's different challenges to get there, and if you're going to try and tap the same feeling, it ain't going to happen.

— Los Angeles Kings general manager Dean Lombardi on maintaining their success from last season