Kukla's Korner Hockey
by Paul on 06/29/07 at 09:26 AM ET
from the National Post,
Gary Bettman, for all our jeers, is no fool. We all loathe him for giving up on Winnipeg and Quebec City, but he fought like a mother bear to protect the six remaining Canadian franchises, bending league rules to permit Edmonton and Calgary to adopt distributed-ownership structures….
In expecting him to give up on the growth of the game in the U.S. and start repatriating NHL franchises to Canada willy-nilly, we’re asking him to abandon a plan that has worked out just fine by the only measure that matters to him—the owners’ bottom line. Even after deliberately turning down the high bid for his asset, Leipold is likely to end up earning about 9% per year in nominal dollars on his original US$80-million investment in the Predators. That’s what we call a satisfied customer.
added 8:45am, from the National Post,
The National Hockey League was prepared to deliver a team to William (Boots) Del Biaggio and Kansas City’s Sprint Center as part of a plan to keep the Penguins in Pittsburgh, sources told the National Post yesterday.
Sources said the league, which didn’t want to lose a value market in Pittsburgh, asked the Kansas City investors to back off their chase of the Penguins while indicating to the group it would be next in line for an NHL franchise.
Be the first to comment.
Add a Comment
Please limit embedded image or media size to 575 pixels wide.
Most Recent Blog Posts
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 firstname.lastname@example.org