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Ownership announces sale of Germain Arena

Ownership announces sale of Germain Arena

By Barry Miller. CREATED Apr 30, 2013 - UPDATED: Apr 30, 2013

Estero, Florida (April 30, 2013) — Germain Arena, Southwest Florida’s premier sports and entertainment venue, and the ECHL defending Kelly Cup Champion Florida Everblades, are being put up for sale effective immediately.

The announcement was made by Germain Arena and Everblades owner Peter Karmanos, owner of the NHL’s Carolina Hurricanes, an Everblades affiliate, and Executive Chairman of Compuware Corporation.

Both the team and venue, located in Estero, Florida, were founded in 1998.

“I am at a point in time where I want to simplify my life. While I have thoroughly enjoyed owning the arena and team and seeing the tremendous benefit they have been to the community, it is now someone else's turn,” said Karmanos.

Sports investment bank Park Lane, led by its Founder and Managing Director Andrew Kline, will serve as the exclusive sell-side banker for both the team and the arena.