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Negotiators review teams' finances

Updated: May 21, 2005, 12:47 AM ET
Associated Press

NEW YORK -- The NHL and players' association made some progress Friday and promised further negotiations after 22 hours of talks over two days.

Indecent proposal?

An investment firm and a sports advisory company that reportedly made a joint proposal to buy all 30 NHL teams in March for $3.5 billion have increased their bid, according to a report.

Bloomberg News Service reported Friday that Boston-based Bain Capital LLC and Game Plan LLC are now offering more than $4 billion, ...

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