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Portland Pirates Get New Majority Owner
12/10/2013   Reported By: Keith Shortall

The Portland Pirates hockey team has a new majority owner, who says he'd like to resolve an ongoing dispute with the teams former landlord, and return to Maine's largest city. Keith Shortall has more.

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Ron Cain is a Maine businessman, who has also been a player, a coach, and a minority owner of the Portland Pirates. Cain is now the majority owner of Portland Pirates LLC

"What that means is that I'll have a much more active role in the decision making, the managment of the business, and more of a public face," Cain says.

Cain says he'd like to resolve a high-profile legal dispute between the team and its former longtime landlord, the Cumberland County Civic Center, over sharing of revenues from home games.

"My opinion is that everything has gotten to a point where it's stupid," Cain says. "I'm still fully willing to drop that lawsuit without prejudice until we can sit down, and I'm sure if we could sit down over a cup of coffee we could probably get something done. But until dialogue starts to happen it gets harder and harder to do. So my interest is absolutely to get this thing resolved."

The team, which is an affiliate of the NHL's Phoenix Coyotes, filed a lawsuit this fall to force the Civic Center trustees to abide by a tentative lease agreement reached back in April. A judge recently allowed that suit to move forward.

Cain, meanwhile, has confirmed that he's seeking to become an investor in Firland Management, the owners of the Androscoggin Bank Colisee in Lewiston, where the Pirates currently play their home games.

But he insists that he wants the Pirates to return to their original homebase. "Yes we want to play in Portland - no question," Cain says.

A spokesman for the Pirates says that Cain did not buy out the previous majority owner, Lyman Bullard, or any of the other owners, to become majority owner. He says Bullard will remain the team's chairman and governor, and that Brian Petrovek is still the Pirates' CEO.

Cain is chairman and CEO of Legacy Holding Company, which is described in a Pirates' press release as a "third-party logistics" company, based in Portsmouth, New Hampshire. The release says Cain is also chairman of Legacy Global Sports, an international sports agency the represents players, handles sports travel, and arranges tournaments.

A call to Cumberland County Civic Center Board Chair Neil Pratt was not returned by airtime.


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