Kukla's Korner Hockey
Auctioning Off the Dallas Stars
by Alanah McGinley on 09/14/11 at 04:17 PM ET
Comments (1)
From NHL.com:
According to reports, the Dallas Stars will file for bankruptcy and sell the club at an auction.
Bloomberg reported on Wednesday that owner Tom Hicks’ plan to file for bankruptcy—as early as Wednesday—as a means to start the auction process has been approved by the majority of the team’s creditors, according to a source familiar with the plan.
It is expected that once the Stars enter into the auction phase, investor Tom Gaglardi, chairman and chief executive officer of Sandman Hotels, Inns & Suites, would be the lead bidder for the team, according to the story. Other potential buyers could then make bids until a final price is reached.
Filed in: NHL Teams, Dallas Stars, NHL Talk, NHL Business of Hockey, | KK Hockey | Permalink
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Seems like this could be pretty embarrassing for the NHL if the Stars don’t go for “value”.
Posted by Nathan from the scoresheet! on 09/14/11 at 04:42 PM ET