Framingham investment firm buys Boston women's hockey team
Photo | Courtesy | Michelle Jay, NWHL
The Boston Pride, a team in the National Women's Hockey League, sold out all games last year at the Warrior Ice Arena.
The new owner of a women's hockey team in Boston is a Framingham investment firm.
Cannon Capital — whose portfolio spans from food to technology to manufacturing — was announced as Boston Pride's new owner by the National Women's Hockey League.
Cannon Capital managing partner Miles Arnone said his firm believes in the league and is honored to lead the Boston Pride during a time of growth in popularity of women's sports. The firm's investment in the team includes increased marketing, more youth hockey initiatives, the hiring of a team president and backing of player and team development.
The firm directed further questions about the acquisition to the league, which previously owned the Pride and still owns the remaining four teams.
Cannon Capital's portfolio otherwise includes two food entities: Crave Better Foods of Connecticut, a provider of ice cream cookie sandwiches and frozen novelties, and Parry's Pizzeria and Bar, a Denver-based chain opened in 2007. The firm has also invested in Gamblit Gaming of Los Angeles, which develops casino gaming equipment; Broker Genius of New York, which provides automated pricing technology for live-event ticketing; and Oribi Manufacturing, a Denver manufacturer of thermoplastic composite components for industrial and commercial use.
In each case, Cannon Capital said it made investments to grow those companies. Arnone has lived in Boston for more than three decades, has founded three startups and is a principal inventor of 125 patents, according to the league's announcement of the purchase.
The Boston Pride, who play at Warrior Ice Arena in Brighton, are one of five teams in the National Women's Hockey League, along with the Connecticut Whale, the Metropolitan Riveters in New Jersey, the Buffalo Beauts, and the Minnesota Whitecaps. The league's fifth season begins in October.
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