Kukla's Korner Hockey
Entries with the tag: david freeman
from Ken Whitehouse of the Nashville Post,
David Freeman, chairman of the Nashville Predators Hockey Club, has informed the city of Nashville and the Sports Authority that he is stepping away from the helm of the organization, according to a letter to the city sent by Freeman’s attorney.
Tom Cigarran, chairman of the Franklin-based wellness firm Healthways, has been unanimously appointed by the ownership group to become the third person to represent the team on the NHL Board of Governors.
Freeman has been under fire by the Sports Authority in recent months as a result of his contest with the IRS over a portion of his 2007 tax returns. In the letter to the city,
a bit more...
from David Shoalts of the Globe and Mail,
David Freeman, the chairman and governor of the Nashville Predators, has a $3.35-million (all currency U.S.) tax lien on his house and admits to cash-flow problems but both he and the NHL claim there are no concerns about the financial health of his hockey team.
However, since the Predators owners have to maintain a guarantee of up to $50-million with the city of Nashville that is based on their net worth along with other obligations, the lien raises a number of red flags.
There is also the security that has to be maintained with the team’s major lender, CIT Group, which is owed at least $85-million. CIT is in the middle of bankruptcy reorganization, which further complicates matters. Another problem is a drop in attendance this season, which could lower the amount the Predators earn from the NHL’s revenue-sharing plan.
from John Glennon of the Tennessean,
When the Predators’ season ended last April, owner David Freeman looked forward to an offseason in which the organization could hone its marketing skills and cement local business ties….
“This is going to be a year where our goals are higher and our expectations are higher,’’ Freeman said. “Just hitting 14,000 is not going to put a smile on our face and neither will losing in the first round of the playoffs. This is the year we hope to take that next step.
“We’re trying to build a franchise with long-term stability and long-term prosperity. We know that winning is important and we know that having a full house is important.’’
The National Hockey League’s Board of Governors have approved the sale of the Nashville Predators to a local group headed by David Freeman.
The Freeman group is expected to close on the sale within the next few days.
The group came together to make an offer to owner Craig Leipold after he originally announced a deal to sell his team in May to Canadian billionaire Jim Balsillie for $220 million. Balsillie’s deal fell through in June when he started taking season-ticket deposits in Hamilton.
Marketing plan by the new ownership group noted earlier today on KK.
From The Tennessean,
David Freeman, head of the group buying the Nashville Predators hockey team, put out this statement this afternoon:
“We are excited to reach an agreement with the Mayor’s Office on lease changes to keep the Predators in Nashville under local ownership. We are very appreciative of Mayor Dean for getting this done amid the many priorities he has as the new mayor of our city. He obviously has a strong desire for this hockey team to remain in Nashville.”
continued… with the rest of the statement
Updated 5:52pm ET: From the AP via USA Today,
Mayor Karl Dean said the agreement guarantees the team will stay in Nashville for the next five years or the city’s financial investment will be paid back.
The changes for the Sommet Center must be approved by the Metro Sports Authority and city council. The NHL Board of Governors must approve the $193 million sale.