Kukla's Korner Hockey
Bettman Knows What He Is Doing
by Paul on 06/29/07 at 08:26 AM ET
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from the National Post,
Gary Bettman, for all our jeers, is no fool. We all loathe him for giving up on Winnipeg and Quebec City, but he fought like a mother bear to protect the six remaining Canadian franchises, bending league rules to permit Edmonton and Calgary to adopt distributed-ownership structures….
In expecting him to give up on the growth of the game in the U.S. and start repatriating NHL franchises to Canada willy-nilly, we’re asking him to abandon a plan that has worked out just fine by the only measure that matters to him—the owners’ bottom line. Even after deliberately turning down the high bid for his asset, Leipold is likely to end up earning about 9% per year in nominal dollars on his original US$80-million investment in the Predators. That’s what we call a satisfied customer.
added 8:45am, from the National Post,
The National Hockey League was prepared to deliver a team to William (Boots) Del Biaggio and Kansas City’s Sprint Center as part of a plan to keep the Penguins in Pittsburgh, sources told the National Post yesterday.
Sources said the league, which didn’t want to lose a value market in Pittsburgh, asked the Kansas City investors to back off their chase of the Penguins while indicating to the group it would be next in line for an NHL franchise.
Filed in: NHL Talk, Nashville Predators | KK Hockey | Permalink
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