Kukla's Korner Hockey
by Paul on 05/24/07 at 02:47 PM ET
from the NashvillePost.com,
In a letter to Nashville Predators season ticket holders, suite owners and sponsors, team owner Craig Leipold explained why he is selling the team and confirms that it is being sold to Jim Balsillie, co-chief executive officer of Blackberry maker Research in Motion.
In his letter, Leipold stated that the team will have a $27-million real cash loss over the past two seasons because of below average attendance even though the team tallying up a total of 216 points, the fifth best in the NHL.
added 12:58pm, via Bloomberg,
The price ($220M) may show that Balsillie is considering moving the team from Nashville, where its average home crowd of 15,260 ranked eighth from last in the 30-team NHL in attendance this year, said Marc Ganis, president of Sportscorp Ltd., a Chicago- based sports industry consulting firm.
“This is a very big number for a team in Nashville,’’ Ganis said. “There might be something more here.’‘
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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.
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