A nine-figure check does not usually buy joy. In sports, it can.
Bob Malandro saw it recently inside an arena suite, during this year's NHL playoffs, not in a financial model or investor memo. Whitecap Sports had recently helped place an investor into an NHL club, and months later, with the team in the playoffs, that client invited Malandro and members of the deal team to join him at a game. The club won in overtime, and the new owner, who had committed capital at a level most people will only ever read about, was celebrating like a lifelong fan.