Published: Apr 30, 2013 10:46 AM EDT
Updated: Apr 30, 2013 5:53 PM EDT

ESTERO, Fla.- The Florida Everblades and their home, Germain Arena, are for sale.

Majority owner of the arena, 70-year-old Peter Karmanos, Jr., is selling most of his properties to simplify his life. He says he will work with a Los Angeles-based investment bank, called Park Lane, founded to provide sports finance advisory services.

According to the Everblades President and General Manager Craig Brush, the likelihood of someone buying the arena without buying the team isn't high, calling the team a great asset.