Sharks announce changes within ownership group

Sharks announce changes within ownership group
January 30, 2013, 11:30 am
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Majority owner Hasso Plattner was on hand to watch Sharks practice Wednesday morning.

Sharks Sports and Entertainment investors Kevin Compton and Stratton Sclavos have sold their shares of the company to majority owner Hasso Plattner, the team announced on Wednesday.

Plattner, who was already the majority owner as of 2010, will serve as the team’s representative on the NHL’s Board of Governors. GM Doug Wilson and executive vice president John Tortora remain alternate governors.

No immediate changes are forthcoming, Plattner said in a statement.

"While this change does affect the individual structure of our ownership group, it does not change the organization's primary goal which is to build a team that is capable of winning a Stanley Cup each and every season," said Plattner. "The team's day-to-day operations will not be affected. All current Executive Team members will remain in place with Doug Wilson continuing to oversee all hockey operations and Malcolm Bordelon operating the business side of the organization.”

Plattner, 69, was a co-founder of software company SAP in 1972. He retired as CEO of the company in 2003, but is still on the company’s supervisory board. In addition to his enthusiasm for hockey, he is an avid sailor, and recently participated in 5O5 World Championship, a race for high-performance two-person sailboats.

Compton and Sclavos released a joint statement:

"It's been a great 11 years being involved with the San Jose Sharks and the NHL but we feel this is the right time for us to step away and focus on other avenues.  Although we are no longer involved with the ownership group of the organization, we remain among the team's biggest fans and will continue to be ardent supporters of the franchise.  We want to thank all Sharks fans for their years of unbridled passion and continued support of the team."

Plattner said: "Kevin and Stratton have been tremendous partners to work with over the last decade. Both have played vital and strategic roles moving our organization to the top tier of professional sports franchises. We want to thank them for everything they have done to help make the Sharks what they are today."