by Forechecker on 02/24/09 at 12:22 PM ET
As was anticipated a few months ago, Canadian investor Brett Wilson appears to be close to finalizing the purchase of a “nominal” share in the Nashville Predators. This morning’s report in the Edmonton Sun (hat tip to the Nashville Post) indicates that a handshake agreement is in place, so final details still need to be sorted out.
It should be noted that this transaction is unrelated to the minority position formerly owned by Boots Del Biaggio, which is still tied up in bankruptcy proceedings. Wilson already has sports business ties with Preds chairman David Freeman, including the ownership of a soccer team in Britain, and the West Tenn Diamond Jaxx in minor-league baseball.
There’s no word yet as to whether this purchase involves buying out any of the current minority owners, or whether it’s simply an injection of capital to relieve some of the team’s debt load. Of course, if he wanted to write a quick check so David Poile could go trade for Alex Kovalev and Martin St. Louis, I’m sure Nashville fans would welcome him with open arms!
UPDATE: Per John Glennon at the Tennessean, the stake involved here “would likely be less than 5 percent of the team”.
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