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Category: Nashville-Predators

Nashville Wants Same Type Deal Other Sports Teams Have Received

from Evan Weiner at MCN Sports,

It was nearly 12 years ago when New Jersey Devils owner Dr. John McMullen, who was one of the smartest men ever to own a major league sports franchise, was trying to explain his decision to stay in New Jersey after being offered a deal to move the 1995 Stanley Cup Champions to Nashville, Tennessee….
McMullen never said anything derogatory about Nashville but it was clear from his tone that he didn’t think a National Hockey League franchise in Music City could work and that was before Mayor Phil Bredesen enticed Houston Oilers owner Bud Adams to move his NFL team to the city.
But he made one prediction. Cities would start paying owners cash to keep teams within their boundaries. McMullen was a prophet. His words came to pass within two years….
Freeman’s group wants the city to give them about $3 million annually to help minimize financial losses incurred by the team. The group also wants to take over full responsibility for incentives to improve the Nashville arena’s financial performance and it also wants the city to guarantee that there will be 14,000 paid admissions for each Predators home game so that the ownership group does not lose NHL revenue sharing.
While Freeman and his group’s demands seems a bit outrageous, Freeman and his group are not reinventing the wheel. All they are doing is copying what Tom Benson did in New Orleans and what Alex Spanos accomplished in San Diego.

continued

Filed in: Nashville Predators, | KK Hockey | Permalink
 

Preds Will Start Season Without Sullivan

from the Tennessean,

A Predators team that had already lost a number of its top offensive performers from last season has suffered another blow.
Right wing Steve Sullivan underwent a second offseason back surgery on Thursday and is expected to be out of action for three months. The Predators hope he’ll return in early December and miss only the first quarter of the season.

continued

thanks to Spector for the pointer…

Running a little slow this morning, anyone want to guess why I was up until 3:31am ET?

Filed in: Nashville Predators, | KK Hockey | Permalink
 

Preds Could Stay, Or They Could…

from Scott Burnside of ESPN,

Now, the owners’ catchphrase seems to be Do What We Want or Kiss the Team Goodbye. Kind of catchy, don’t you think?
This may all turn out to be a wonderful plan that could work out for the team and the taxpayers. The Predators may enjoy a long and happy life in Tennessee and host many Stanley Cup parades.
Or it could all turn to dust.
Which makes you wonder why the NHL’s other owners would want to venture down this road at all—not when they’ve been down similar roads with other cash-strapped owners too often in the past, not when there are more stable, attractive offers on the table.

much more

Filed in: Nashville Predators, | KK Hockey | Permalink
 

Purchase Of Predators Hinges On The Lease

from the Tennessean,

Whether you’re in favor or against the city agreeing to the lease changes proposed by the prospective owners of the Predators, there’s no arguing the bottom line:
If the lease changes aren’t approved, the bid of the primarily local group will crumble, leaving current owner Craig Leipold looking for a buyer just weeks prior to the start of the season.
David Freeman, who’s heading the primarily local group, made that clear last week.
He’s confident that if the group’s bid is on the docket at the Sept. 18 NHL Board of Governors meeting, it will be approved by the league. But he said it’s essential for the group’s purposes that the lease changes are approved shortly thereafter by the city.
“Our banks will not fund the deal without the amended lease because our banks have looked at the deal and said this team won’t survive financially without it,’’ Freeman said Friday. “Our bankers are unemotional about the transaction.

continued

Filed in: Nashville Predators, | KK Hockey | Permalink
 

Time A Factor In Nashville Sale

from the Tennessean,

Time is becoming a factor in a primarily local group’s bid to buy the Nashville Predators.
The group failed to complete a binding agreement with owner Craig Leipold on Friday as hoped, but believes it will wrap up the extensive paperwork next week….
David Freeman, who’s leading the local group, said delays arose after details of the local group’s proposed changes to the team’s lease with the city became public on Thursday.
The group’s letter of intent and its purchase agreement with Leipold expire in October on a date to be determined. At that point, Leipold could explore other options.
“We would no longer have any kind of agreement in place if the sale doesn’t occur by then,’’ Freeman said.

more

added 8:59am, from Damien Cox of the Toronto Star,

Nobody, absolutely nobody, outside of the group that has very tentatively purchased the Nashville Predators believes the NHL can work long-term in that city.
This is a mess that’s going to get worse before the team is shifted to Kansas City, a shame, really, when the best hockey market in the world in southern Ontario is ready, willing and able to welcome another franchise.

continued

Filed in: Nashville Predators, | KK Hockey | Permalink
 

Tax Money May Be Needed To Keep Preds In Nashville

from the Tennessean,

If taxpayers don’t pay an additional $3 million per year to support the Nashville Predators hockey arena, a deal to keep the team in town could fall apart, the leader of a local buyers group said Thursday.
David Freeman, CEO of 36 Venture Capital and leader of the group, said the partners are working with the city to have the public money come from sources like sales tax generated by the hockey team.
“We are trying to identify revenue streams that reflect incentives associated with having the Predators in town,” Freeman said. “For example, sales tax revenues generated out of the arena are an appropriate revenue stream to consider donating to this cause because those revenues would disappear without the team.”
Freeman’s comments came late in the day, after Tennessean.com reported on a city analysis that said the buyers group was seeking Sommet Center lease changes that would cost taxpayers $5 million more per year at the city-owned facility.

continued

added 11:59am, from the Tennessean,

The Predators have surpassed last season’s season ticket total.
The team finished Thursday with a total of 8,764 full-season ticket equivalents, topping the 8,758 the Predators finished with in 2005-06.
Predators vice president Steve Violetta said he feels confident Nashville can hit the 9,000 level by Labor Day, and added that ticket sales traditionally pick up in September, just before the season starts.

more

Filed in: NHL Business of Hockey, Nashville Predators, | KK Hockey | Permalink
 

Sullivan Still Recovering From Back Surgery

from the Tennessean,

Predators forward Steve Sullivan continues to make strides in recovering from back surgery, but he might not be at 100 percent when training camp begins Sept. 13.
“He’s making good progress, but at the start of training camp, he might be a little bit questionable to go full bore,’’ Predators Coach Barry Trotz said Wednesday. “When I say full bore, I mean scrimmages and (preseason) games, that kind of thing.’‘...
“He’s taking this injury very seriously in terms of his career and conditioning,’’ Trotz said. “He’s done the right thing by making sure this is going to be taken care of.

more

Filed in: Nashville Predators, | KK Hockey | Permalink
 

Report- Leipold May Move Into Minnesota Ownership Role

from Scott Burnside of ESPN,

A source close to the negotiations told ESPN.com that Leipold wants to remain in the NHL and that plans are in the works for him to step into an ownership role with the Minnesota Wild after cutting ties with the Preds and when current Wild owner Robert O. Naegele Jr. decides to step away from the business.
Both Leipold and Naegele declined to speak to ESPN.com about their future plans and Leipold did not respond to a specific e-mail query about his plans with the Wild.
Fair enough. But if such a plan is in the works, it would go a long way in explaining Leipold’s reticence to do anything to tick off Bettman, who continues to rule the board of governors with an iron fist, threatening millions of dollars in fines if team officials speak on the record about the ownership debacle unfolding in Nashville.

more

Filed in: Minnesota Wild, Nashville Predators, | KK Hockey | Permalink
 

Great Day For The Predators

from the Nashville Predators,

The sale price for the franchise is $193 million. The sale must be approved by the NHL’s Board of Governors. The anticipated closing date for the transaction is no later than September 30, 2007.
“I am thrilled that David Freeman and his local group have joined up with Boots Del Biaggio and come together to purchase the Predators,” Leipold said. “My hope is that their commitment to Nashville will be reciprocated in the form of business and individual support on an ongoing basis to make this franchise successful for the long-term. This is a great day for Predators fans, players and staff!”

more

added 8:46pm, from Scott Burnside at ESPN,

In the wake of Wednesday’s announcement that a group of Nashville businessmen had signed a binding letter of intent to purchase the Predators, we can’t help but feel that unless these owners find a similarly empowered budgie or parakeet to plant a similar smacker of life on the team, they will be nothing more than caretakers of a team doomed to exist on life support until the moving trucks back up to the arena doors.
Despite all the back-slapping and toasts toward a long future in Nashville that accompanied the announcement, the future of the team is far from secure.

read on

Filed in: Nashville Predators, | KK Hockey | Permalink
 

“Boots” Buys In

from the Kansas City Star,

A Nashville group planning to sign a letter of intent to buy the Nashville Predators today is expected to include William “Boots” Del Biaggio, who also has a contract to own an NHL team for Kansas City’s Sprint Center.
Del Biaggio could not be reached for comment today, but was in Nashville for the announcement.
The Predators have a long-term lease with the Sommet Center in Nashville, but they must average 14,000 fans per game this season or the lease could be voided.
By being part of the Nashville ownership, Del Biaggio—who has been a minority partner in the San Jose Sharks—would boost his profile and status in the NHL and give him leverage to move the club to Kansas City.

more

Filed in: Nashville Predators, | KK Hockey | Permalink
 

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About Kukla's Korner Hockey

Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

Email Paul anytime at pk@kuklaskorner.com

 

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