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History Repeats
by Paul on 06/14/08 at 07:58 AM ET
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from Pat Hickey of the Montreal Gazette,
“That men do not learn very much from the lessons of history is the most important of all the lessons of history.”
Once upon a time, John Spano owned the New York Islanders.
Until the cheque bounced....
Eleven years after Spano was exposed as a fraud, the folks in the NHL front office are maintaining a low profile as they deal with another business deal that has gone terribly wrong.
William (Boots) Del Biaggio III was one of the investors who helped keep the Nashville Predators in Music City and out of the predatory hands of Jim Balsillie. When the local investors came up short in their bid to buy the team from Craig Leipold, Del Biaggio came to their rescue and paid $60 million for a 27-per-cent stake in the team.
It seemed like a strange marriage.
Filed in: NHL Teams, Nashville Predators | KK Hockey | Permalink
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