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Potential Bidding War for the Dallas Stars

by Alanah McGinley on 09/19/11 at 06:14 PM ET
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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.

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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