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Boots’ Legal Problems Linked to Predators Deal
by Alanah McGinley on 06/12/08 at 10:17 AM ET
Comments (3)
From Brad Shrade at The Tennessean,
Predators investor William J. “Boots” Del Biaggio III’s trail of financial and legal troubles drew closer to Nashville Wednesday, as the FBI subpoenaed documents from Metro concerning the California businessman and his role in the purchase of Nashville’s pro hockey team last year.
It also has become more clear in recent days that as much as $27 million in debt Del Biaggio incurred on his way to bankruptcy may have direct ties to the Predators deal.
An arena management company, AEG Facilities Inc., is the latest to accuse the high-flying 40-year-old San Jose venture capitalist of fraud, according to a lawsuit filed Friday. The company is a division of entertainment giant AEG, which manages sports arenas and owns the NHL’s Los Angeles Kings, and says it loaned Del Biaggio $7 million to help him buy a share in the Nashville Predators.
Filed in: NHL Teams, Nashville Predators | KK Hockey | Permalink
Tags: William+J+Del+Biaggio,
Comments
Geez, PRC… when you put it that way, it almost sounds like a bad thing… 
Posted by Alanah McGinley from British Columbia on 06/12/08 at 11:39 AM ET
Again, Bettman shows how poor he is at brokering a deal by doing anything and everything possible to avoid Balsillie including siding with a crook...again. How is it these scumbags flock to teh NHL? Bruce McNall comes to mind here as well. Just picture how much worse this would be if Boots was given an expansion franchise and paying it with the same phantom money he’s ponied up for the Preds. That team would be dead on arrival. I guess we ought to be thankful for that. Sheesh.
Posted by HockeyJoe from NY on 06/12/08 at 11:51 AM ET
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So, AEG. Led by Philip Anschutz - also owner of the Kings; who the IRS says owes about $144 million in taxes.
...accusing “Boots” Del Biaggio of fraud. “Boots” being the guy investigated by the FBI, and who was supposed to help the NHL make it into Kansas City - to an arena owned by AEG.
Bettman has some great friends.
Posted by PRC. from Ottawa, ON on 06/12/08 at 11:13 AM ET