Kukla's Korner Hockey
by Alanah McGinley on 09/14/11 at 04:17 PM ET
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.
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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.
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.
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