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Nashville Rejects Balsillie’s Offer For Preds

From TSN, breaking news,

Nashville owner Craig Leipold has advised the NHL to no longer consider Jim Balsillie as a prospective owner of the team.
Sources say Leipold told the league the absence of a finalized sale agreement and Balsillie desire to move the franchise to Hamilton are the reasons for his decision.

more soon… (whoa…)

Updated 9:28pm EDT:
More from TSN,

It’s the second time Balsillie has been spurned in his efforts to buy an NHL team. He backed out of an earlier agreement to buy the Pittsburgh Penguins.
Balsillie had agreed to pay up to $238 million for the Predators.  There was a deadline of June 30th put in place to complete the details of the sale.
Leipold, however, pulled the plug early.
Balsillie had already started putting the wheels in motion to move the team to Hamilton.
At a board of governors meeting in New York earlier this week, NHL commissioner Gary Bettman called talk of moving the Predators “premature.”

more…

Updated 10:26pm EDT:
More from Scott Burnside at ESPN.

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

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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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