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Potential Bidding War for the Dallas Stars

From Eric Morath at the Wall Street Journal:

Chuck Greenberg, who doggedly pursued the Texas Rangers baseball team through a bankruptcy-court auction last year, announced Monday via his attorney that he is eyeing the Stars.

A bidding war between Greenberg and Stars lead bidder Tom Gaglardi could cause the price paid for the team to soar.

Last year, when Greenberg and then-partner Nolan Ryan squared off with Dallas Mavericks owner Mark Cuban in a bankruptcy-court auction for the Rangers, the price for the baseball team jumped nearly $100 million from the opening bid. Last season’s American League champs, which Greenberg left in March, sold for $593 million.

If a similar scenario played out for the Stars, the team could fetch upwards of $300 million—an impressive price for a National Hockey League team, especially one in a southern market.

read on

Plus, an Open Letter to Dallas Stars fans from President Tony Tavares, stating that a new owner should be in place “within the next 60-75 days.”

 

Filed in: NHL Teams, Dallas Stars, | KK Hockey | Permalink
  Tags: chuck+greenberg, tom+gaglardi, tony+tavares

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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 pk@kuklaskorner.com

 

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