Kukla's Korner Hockey
by Paul on 04/26/11 at 01:37 PM ET
from David Shoalts of the Globe and Mail,
Tom Gaglardi has agreed to a price and most of the terms for buying the Dallas Stars – and if he can steer it through bankruptcy court with the bankers in charge of the sale, the Vancouver businessman will be the NHL team’s new owner.
It is expected Gaglardi, 43, will soon enter an exclusive negotiating period of roughly 30 days to complete the purchase of the NHL team and a 50-per-cent share of American Airlines Center. The last hurdle, according to a source familiar with the sale who requested anonymity because the deal is not official, is taking the Stars through bankruptcy court so Gaglardi will not be hampered by any debts left by current owner Tom Hicks….
NHL deputy commissioner Bill Daly declined to clarify the situation. He said in an e-mail message Monday the source’s information is “partially true and partially inaccurate. Unfortunately, I’m not in a position to specify which is which.”
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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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