Rich Old White Guy Goes Where Rich Old White Guys Can Just Be Rich Old White Guys

What do you get the billionaire private-equity honcho who’s got everything? A hockey team!
By Web Summit [CC BY 2.0], via Wikimedia Commons

By Web Summit [CC BY 2.0], via Wikimedia Commons

TPG Capital founder David Bonderman is very rich, very old, very, very white, and has spent a very long time in Texas. As such, it’s not a huge surprise that he’s vulnerable to saying the occasional regrettable thing. And sometimes those things said at the most inopportune of times, and sometimes they get taped and given to a reporter, which means that every now and then Bonderman has to resign from a corporate board battling institutional sexism for saying something sexist.

Luckily for Bonderman, there is a safe space for rich old white men from Texas, where they need not worry about watching their every potentially inadvisable utterance. That place is the National Hockey League’s Board of Governors, which is happy to make a seat for him for the low, low price (for Bonderman) of $650 million.

NHL commissioner Gary Bettman told reporters Thursday the NHL Board of Governors has agreed to accept/consider an expansion application from Seattle and allow billionaire David Bonderman and his group of investors to conduct a season ticket drive.

The expansion fee for a new team in Seattle will be $650 million and would give the NHL a chance to balance the conferences, if Seattle's expansion application is accepted.

That’s $10 million less than the plan to renovate the building in which such a team might play that Seattle’s city council just signed off on. Which, by the way, is good news for another rich white guy.

The 7-1 Seattle City Council vote on Monday also paved the way for an NBA franchise to immediately return to Seattle.

NHL to accept $650 million Seattle expansion application [Sporting News]